Financial Snapshot

Revenue
$86.14M
TTM
Gross Margin
-9.95%
TTM
Net Earnings
-$107.2M
TTM
Current Assets
$17.49M
Q2 2024
Current Liabilities
$72.74M
Q2 2024
Current Ratio
24.04%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$380.7M
Q2 2024
Cash
Q2 2024
P/E
-1.484
Sep 13, 2024 EST
Free Cash Flow
-$102.5M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $115.7M $119.0M $82.62M
YoY Change -2.83% 44.09%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $115.7M $119.0M $82.62M
Cost Of Revenue $120.1M $120.8M $98.77M
Gross Profit -$4.439M -$1.803M -$16.15M
Gross Profit Margin -3.84% -1.51% -19.55%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $31.00M $18.39M $17.38M
YoY Change 68.55% 5.84%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.43M $47.36M $41.61M
YoY Change 2.27% 13.8%
% of Gross Profit
Operating Expenses $79.51M $65.80M $59.96M
YoY Change 20.83% 9.74%
Operating Profit -$83.95M -$67.61M -$76.12M
YoY Change 24.17% -11.18%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense -$46.80M -$41.14M -$8.522M
YoY Change 13.76% 382.72%
% of Operating Profit
Other Income/Expense, Net $33.00K $935.0K $198.0K
YoY Change -96.47% 372.22%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income -$840.3M -$107.8M -$84.44M
YoY Change 679.4% 27.67%
Income Tax -$2.187M $3.469M -$3.575M
% Of Pretax Income
Net Earnings -$838.1M -$111.3M -$80.87M
YoY Change 653.13% 37.61%
Net Earnings / Revenue -724.48% -93.47% -97.88%
Basic Earnings Per Share
Diluted Earnings Per Share -$150.10 -$19.93 -$14.49

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $1.834M $16.45M
YoY Change -88.85%
Cash & Equivalents $1.834M $16.45M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $14.19M $390.0K
Prepaid Expenses
Receivables $4.228M $4.436M
Other Receivables $9.444M $3.767M
Total Short-Term Assets $29.70M $25.04M
YoY Change 18.59%
Property, Plant & Equipment $478.3M $1.134B
YoY Change -57.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $37.46M $69.81M
YoY Change -46.34%
Other Assets $47.91M $58.63M
YoY Change -18.28%
Total Long-Term Assets $587.1M $1.289B
YoY Change -54.47%
Total Assets $616.8M $1.315B
YoY Change
Accounts Payable $4.285M $3.340M
YoY Change 28.29%
Accrued Expenses $54.04M $51.64M
YoY Change 4.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.903M
YoY Change
Total Short-Term Liabilities $76.73M $69.28M
YoY Change 10.75%
Long-Term Debt $153.7M $144.2M
YoY Change 6.62%
Other Long-Term Liabilities $1.462M $2.677M
YoY Change -45.39%
Total Long-Term Liabilities $155.2M $146.9M
YoY Change 5.67%
Total Liabilities $231.9M $218.3M
YoY Change 6.23%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $159.09 Million

About Seaport Entertainment Group Inc

Seaport Entertainment Group Inc is a US-based company operating in Real Estate Management & Development industry. The company is headquartered in New York City, New York and currently employs 82 full-time employees. The company went IPO on 2024-07-29. Seaport Entertainment Group Inc. is focused on delivering experiences for its surrounding residents, customers and tenants across the three operating segments of its business: Landlord Operations, Hospitality, and Sponsorships, Events, and Entertainment. Its portfolio encompasses a range of leisure and recreational activities, including live concerts, fine dining, professional sports, and high-end and experiential retail. The company is focused on realizing value for shareholders primarily through dedicated management of existing assets, expansion of partnerships, strategic acquisitions, and completion of development and redevelopment projects. Its assets are primarily concentrated in New York City and Las Vegas, include the Seaport in Lower Manhattan, a 25% minority interest in Jean-Georges Restaurants as well as other partnerships, the Las Vegas Aviators Triple-A baseball team and the Las Vegas Ballpark and an interest in and to 80% of the air rights above the Fashion Show mall in Las Vegas.

Industry: Services-Miscellaneous Amusement & Recreation Peers: American Realty Investors Inc Belpointe PREP LLC DigitalBridge Group Inc J W Mays Inc New England Realty Associates LP Seritage Growth Properties Transcontinental Realty Investors Inc