Seaport Entertainment Q2 net loss narrows to $14.8M; revenue up 18% YoY

Seaport Entertainment Group Inc.

2025-Q2 EPS reported -$3.68 revenue$55,870,000

Net loss of $14.8M ($1.16/sh) vs $35.0M loss ($6.34/sh) in Q2 2024; adjusted net loss $7.4M ($0.58/sh).
Revenue $39.8M, up 18.2% YoY, driven by consolidation of Tin Building and growth across Seaport.
Exploring strategic alternatives for 250 Water Street; signed new leases with Willett's NYC and Cork Wine Bar.
Nike exercised early termination of Pier 17 office lease; received half of termination payment in Q2.
Corporate restructuring with Jean-Georges completed; Tin Building and Fulton converted to license agreements.

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