Quarterly ResultAug 5, 2026, 05:04 PM
Seaport Entertainment Q2 Net Loss $(10.11)M; Sells 250 Water St for $143M
AI Summary
Seaport Entertainment Group Inc. reported a net loss of $(10.11) million for the second quarter of 2026, an improvement from $(14.42) million in the prior-year quarter, despite total revenues decreasing to $34.29 million from $39.80 million. For the six months ended June 30, 2026, the company's net loss widened to $(53.86) million. A significant event during the period was the completion of the sale of 250 Water Street for $143.0 million, which substantially boosted cash from investing activities.
Key Highlights
- Q2 2026 net loss improved to $(10.11) million from $(14.42) million YoY.
- Total revenues for Q2 2026 decreased to $34.29 million from $39.80 million YoY.
- Six-month net loss widened to $(53.86) million from $(45.96) million YoY.
- Completed the sale of 250 Water Street for $143.0 million on February 6, 2026.
- Cash and cash equivalents increased to $117.80 million from $77.81 million.
- Rental revenue for Q2 2026 increased to $7.05 million from $4.23 million YoY.
- Hospitality revenue for Q2 2026 decreased to $7.02 million from $15.18 million YoY.
Price Impact
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