Seaport Entertainment Q2 net loss narrows 29% to $10.5M; adjusted net income turns positive

Seaport Entertainment Group Inc.

Net loss attributable to common stockholders improved 29.2% YoY to ($10.5)M, or ($0.82) per share.
Non-GAAP adjusted net income turned positive at $0.3M ($0.02/share), up 104.3% from ($7.4M) loss.
Total revenue fell 13.8% to $34.3M from $39.8M in Q2 2025.
Each business segment profitable for first time; Seaport occupancy at 89%; Nike lease termination yielded $3.7M.
YTD: sold 250 Water Street for $143M, net proceeds $76.1M; new leases for Balloon Museum and Public Service.

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