Seaport Entertainment

SEG took an “administrative step” to “complete the process” of a plan it announced in January to “internalize food and beverage operations at many of our wholly-owned and joint venture-owned restaurants.”» Mehr auf nypost.com

NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE American: SEG) (“Seaport Entertainment Group,” “SEG,” “we,” “our," or the “Company”) announced today that the Company has been approved for uplisting to the New York Stock Exchange (“NYSE”) from the NYSE American LLC (the “NYSE American”). As a result of this uplisting, the Company's common stock will cease trading on the NYSE American after market close on June 27, 2025, and will commence trading on the NYSE effective at the ope.» Mehr auf businesswire.com

SEG's planned sale of Manhattan's Financial District 250 Water Street could unlock significant value for shareholders, eliminating project risk, debt, and costly interest expenses. The Manhattan site is uniquely attractive, with full approvals, 421a tax benefits, and strong demand for housing in Manhattan set to drive a premium sale price. A sale at $220 million would represent $17.33 per share, nearly matching SEG's market cap and highlighting current undervaluation.» Mehr auf seekingalpha.com