Seaport Entertainment Group Inc. · NYSE:SEG
Seaport Entertainment — Q3 2026 Earnings Presentation
27 slides from Seaport Entertainment's earnings presentation, Nov 5, 2026
Slide 1: Seaport Entertainment Q3 2026
SI : PC DI ‘ | ENTERTAINMENT Q3 2026
Slide 2: Table of Contents
T ble of 2 Q3 2026 Earnings Release p. 3 Capitalization p. 11 Debt Summary p. 12 Capital Investments p. 13 Portfolio Summary p. 14 Seaport NYC Detail p. 15 Seaport NYC Leasing or Programming Activity p. 16 2026 Statement of Operations p. 17 2025 Statement of Operations p. 18 Statement of Operations
Slide 3: Seaport Entertainment Group Reports Third Quarter 2026 Results
Exhibit 99.1 SEAPORT ENTERTAINMENT GROUP REPORTS THIRD QUARTER 2026 RESULTS NEW YORK, NY, November 4, 2026 – Seaport Entertainment Group Inc. (NYSE: SEG) (“Seaport Entertainment Group,” “SEG,” “we,” “our," or the “Company”) announced today its operating and financial results for the quarter ended Se
Slide 4: Quarterly Results
▪ Year-to-date Q3 2026 Non-GAAP Adjusted Net Loss Attributable to Common Stockholders improved 43.9% year-over-year to ($20.6) million and, on a per share basis, improved 44.3% to ($1.61) per basic and diluted share. Quarterly Results The table below provides a summary of the Company’s unaudited con
Slide 5: Balance Sheet and Investor Conference Call
Balance Sheet As of September 30, 2026, the Company had $110.3 million in cash, cash equivalents and restricted cash and $38.1 million of debt outstanding at a fixed interest rate of 4.9%. The Company’s outstanding debt is asset-specific, secured debt, and the maturity date is in 2038. Investor Conf
Slide 6: Forward-looking statements and risk factors
concentration of the Company’s properties and operations in New York City and the Las Vegas area; social, political and economic instability, unrest and other circumstances beyond the Company’s control which could adversely affect the Company’s business operations; adverse changes in laws or regulat
Slide 7: Non-GAAP measures and website information
Net Loss Attributable to Common Stockholders Per Share to the most directly comparable GAAP measure of net loss. Availability of Information on SEG’s Website and Social Media Channels Investors and others should note that SEG routinely announces material information to investors and the marketplace
Slide 8: Consolidated Balance Sheets
Seaport Entertainment Group Inc. Consolidated Balance Sheets (in thousands, except par value amounts) (Unaudited) September 30, 2026 December 31, 2025 ASSETS Buildings and equipment $ 528,327 $ 537,243 Less: accumulated depreciation (218,615) (225,662) Land 5,318 9,497 Net investment in real estate
Slide 9: Consolidated Statements of Operations
Seaport Entertainment Group Inc. Consolidated Statements of Operations (in thousands, except per share amounts) (Unaudited) Three months ended September 30, Nine months ended September 30, 2026 2025 2026 2025 REVENUES Hospitality revenue $ 7,889 $ 16,603 $ 20,017 $ 39,515 Entertainment revenue 19,69
Slide 10: Reconciliation of Net Loss to Non-GAAP Adjusted Net Loss
Seaport Entertainment Group Inc. Reconciliation of Net Loss to Non-GAAP Adjusted Net Loss Attributable to Common Stockholders (in thousands, except per share amounts) (Unaudited) Three months ended September 30, Nine months ended September 30, 2026 2025 2026 2025 Net loss $ (8,026) $ (32,864) $ (61,
Slide 11: Capitalization
Common stock outstanding 12,837 Period ending common stock price $22.89 Common equity market capitalization $293,839 Series A Preferred Equity outstanding 10 Per share liquidation preference of Series A Preferred Equity $1,000.00 Liquidation preference of Series A Preferred Equity outstanding $10,00
Slide 12: Debt Summary
Debt 12 Debt Otstandig ac Las Vegas Ballpark loan $38,054 December 2038 4.9% Fixed Fixe Rt Fixed rate debt $38,054 Leverag Face value of debt outstanding $38,054 Cash, restricted cash, and cash equivalents (110,313) Net debt ($72,259) Total capitalization $341,893 Cash, restricted cash, and cash equ
Slide 13: Capital Investments
Cap 13 Investment in Previously Occupied Space Q1 2026 Q2 Capital expenditures $43 $6,574 $6,191 $12,808 Tenant improvement allowance − − − − Leasing commissions − 323 1,200 1,523 Total $43 $6,897 $7,391 $14,331 Investment in Inherited Vacancy Q1 2026 Q2 2026 Capital expenditures $5,358 $7,112 $7,24
Slide 14: Portfolio Summary
Portfolio S 14 Note: As of September 30, 2026. 1 Seaport Neighborhood includes the following buildings: Pier 17, Fulton Market Building, Schermerhorn Row, One Seaport Plaza, Museum Block, Translux, 117 Beekman, John Street Service Building, and the Tin Building. The sale of 85 South Street, an eight
Slide 15: Seaport NYC Detail
Seaport 15 A Not Tenants/Con RENTABL Squa Rema v In O Leased/Pro O One Seaport Plaza Vacant Mixed-Use 24,460 24,460 − % − % Schermerhorn Row McNally Jackson, Fulton Stall Market, HIIT the Deck Boxing, Cork, Funny Face Bakery, Brooklyn DOP (Future Opening), Mure + Grand Mixed-Use 28,743 9,525 60% 67%
Slide 16: Seaport NYC Leasing or Programming Activity
Seaport NYC Leasing or p 16 Tenant/concept propert OPENI Expected O GITANO NYC Pier 17 Food & Beverage License to Lease Q2 2025 14,612 Sadie’s and Sadie’s Garden Bar Museum Block Food & Beverage Operating Q2 2026 7,041 Cork Schermerhorn Row Food & Beverage Lease Q2 2026 1,442 Balloon Museum Tin Buil
Slide 17: 2026 Statement of Operations
2026 Statemen Note: $ in thousands. Any differences a result of rounding. 17 Q1 2026 Q2 2026 Q3 2026 Q4 2026 2026 Hospitality revenue $5,108 $7,020 $7,889 $20,017 Entertainment revenue 4,498 19,639 19,696 43,833 Rental revenue 2,782 7,053 4,272 14,107 Other revenue 349 578 847 1,774 Total revenues $
Slide 18: 2025 Statement of Operations
2025 Statemen Note: $ in thousands. Any differences a result of rounding. 18 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Hospitality revenue $7,735 $15,177 $16,603 $39,515 Entertainment revenue 4,209 19,908 22,151 46,268 Rental revenue 3,789 4,232 5,614 13,635 Other revenue 336 484 682 1,502 Total revenues
Slide 19: Statement of Operations YoY Change
Statementof O 19 Q1 ’26 −’25 Q2 ’26 −’25 Q3 ’26 −’25 Q4 ’26−’25 2026 vs. 20 Hospitality revenue ($2,627) ($8,157) ($8,714) ($19,498) Entertainment revenue 289 (269) (2,455) (2,435) Rental revenue (1,007) 2,821 (1,342) 472 Other revenue 13 94 165 272 Total revenues ($3,332) ($5,511) ($12,346) ($21,18
Slide 20: Q3 2026 Segment Operating EBITDA
Q3 2026 SEGMENT OPERATING Note: $ in thousands. Any differences a result of rounding. 20 Hospital Landl Operations Total revenues $8,213 $19,932 $6,371 Hospitality costs (9,582) − − Entertainment costs − (17,474) − Operating costs − − (7,098) Total operating expenses (9,582) (17,474) (7,098) Operati
Slide 21: Q3 2025 Segment Operating EBITDA
Q3 2025 SEGMENT OPERATING 21 Hospital Landl Operations Total revenues $16,694 $22,524 $9,019 Hospitality costs (23,049) − − Entertainment costs − (20,532) − Operating costs − − (7,510) Total operating expenses (23,049) (20,532) (7,510) Operating EBITDA ($6,355) $1,992 $1,509 ($2,854) Inter-segment r
Slide 22: Q3 Segment Operating EBITDA YoY Change
Q3 SEGMENT OPERATINGEBITD Note: $ in thousands. Any differences a result of rounding. 22 Hospital Landl Ope Q3 2026 VS. Q3 2025 Total revenues ($8,481) ($2,592) ($2,648) Hospitality costs 13,467 − − Entertainment costs − 3,058 − Operating costs − − 412 Total operating expenses 13,467 3,058 412 Opera
Slide 23: Asset-Based Value Components
Asset-Bas 23 + Cash, Restricted Cash, & Cash Equivalents $110.3 $110.3 $110.3 $110.3 $110.3 Seaport Neighborhood Square Feet1,2 508 508 508 508 508 Hypothetical Per Square Foot Valuations $350.00 $500.00 $650.00 $800.00 $950.00 + Total Seaport Neighborhood $177.8 $254.0 $330.2 $406.4 $482.6 Las Vega
Slide 24: Contact Information
Contact 24 Corporate 199 Water Street New York, NY 10038 Inves (212) 732-8257 ir@seaportentertainment.com Transfe Fidelity Stock TransferSM (FST) (833) 500-1036 nb.fidelity.com NYS Ticker Symbol: SEG www.seaportentertainment.com
Slide 25: Safe Harbor
This presentation and accompanying statements contain forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical facts or relating to present facts or current conditions included in this presentation are forward-looking statements. Forw
Slide 26: Key Terms and References
Key terms References and terms used in this presentation that are in addition to the terms defined in the Safe Harbor section of this presentation, or not already defined in other areas of this presentation, include: This presentation was published on November 4, 2026. All information is as of, or f
Slide 27: Entertainment
ENTERTAINMENT
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