Seaport Entertainment Group Inc. (NYSE: SEG)

Seaport Entertainment Group Inc. owns, operates, and develops a portfolio of entertainment and real estate assets focused on delivering integrated experiences through restaurants, entertainment venues, sports teams, retail, and hospitality in New York City and Las Vegas.

The company generates revenue from ticket sales, concessions, merchandise, and sponsorships at its sports and entertainment venues; from food and beverage sales at its restaurant concepts; and from lease income generated by its real estate holdings.

The company operates through the following segments: Hospitality, Entertainment, and Landlord Operations.

• Hospitality: This segment includes ownership interests in food and beverage operating businesses, sponsorship agreements related to these businesses, fine dining and casual dining restaurants such as The Fulton, Mister Dips, Carne Mare and Gitano, cocktail bars, nightlife venues, and the unconsolidated Lawn Club venture, as well as a 25% interest in Jean-Georges Restaurants.

• Entertainment: This segment comprises the Las Vegas Aviators minor league baseball team, the Las Vegas Ballpark, the company's interest in the Fashion Show Mall Air Rights, events and concerts hosted at The Rooftop at Pier 17, and related sponsorship agreements.

• Landlord Operations: This segment encompasses the ownership and operation of physical real estate assets in the Seaport district, including Pier 17, the Tin Building, the Fulton Market Building, cobblestone retail spaces, 250 Water Street, and 85 South Street, generating lease income from tenants.

Seaport Entertainment holds a distinctive position in the industry as one of few publicly traded firms that combine real estate ownership with entertainment-focused operating assets, giving it flexibility to invest in both areas; its competitive advantages stem from prime locations in lower Manhattan and Las Vegas, strong brand recognition, and the ability to create unique, destination‑level experiences that differentiate it from traditional real estate owners and pure-play entertainment venues.

The company serves a diverse customer base that includes tourists, local residents, sports fans, concertgoers, diners, retail shoppers, and office tenants seeking space in its mixed‑use properties.