Seaport Entertainment

Seaport Entertainment Group posted for the first time in Q2 2026 both a positive operating EBITDA of $4.5 million and adjusted earnings of $0.02 per share, on revenue of $34.2 million. Drivers were lease terminations, lower overhead and stronger event activity; adjusted net income was $320,000. The company remains in a net loss position despite the improvements, plans additional investments of $50–70 million through mid‑2028 and expects further operating growth from re‑leasing and new concepts. » More on de.investing.com

Seaport Entertainment reported Q1 2026 EPS of -$1.41, missing the analyst estimate of -$1.20 (negative surprise 17.5%). Revenue fell 21% to $12.74 million, while adjusted non‑GAAP net income and the operating EBITDA loss each improved by 21%. Management cites strategic measures such as site closures, new restaurant openings and a solid liquidity position. The stock rose 3.01% in premarket trading to $23.59. » More on de.investing.com

Seaport Entertainment Group dismissed KPMG as its independent auditor effective April 1 and appointed Grant Thornton as the new auditor for the fiscal year ending December 31, 2026. KPMG’s reports for 2024 and 2025 contained no disclaimers or qualifications, and there were no disagreements between the company and KPMG for the periods audited. Separately, the company reported an adjusted non-GAAP net loss per share of $1.37 for Q4 2025, missing expectations, while revenue rose 7% to $29.5 million. » More on de.investing.com