Seaport Entertainment Group (SEG) Investor presentation summary

Business overview and strategy

• Focuses on developing integrated hospitality, entertainment, retail, and cultural experiences that foster community engagement in premier urban markets.

• Operates through key business pillars: hospitality, retail, entertainment, events, and arts & culture.

• Leverages unique real estate assets and strategic partnerships to create scalable, high-quality offerings.

• Pursues growth by divesting non-core assets, launching new concepts, and expanding guest engagement.

• Maintains disciplined execution and a flexible balance sheet to support growth and adaptability.

Asset portfolio and operations

• Major assets include the Seaport neighborhood in NYC, Las Vegas Ballpark, Las Vegas Aviators Triple-A team, and a 25% stake in Jean-Georges Restaurants.

• Seaport in Lower Manhattan is a mixed-use waterfront destination with 450,000 rentable square feet, blending dining, entertainment, and cultural venues.

• Las Vegas Ballpark is a 10,000-seat stadium in Downtown Summerlin, home to the Aviators and a hub for events.

• Holds 80% interest in air rights above Fashion Show Mall on the Las Vegas Strip, offering long-term development potential.

Recent milestones and financial performance

• Completed spin-off from Howard Hughes Holdings and listed on NYSE American in August 2024, uplisted to NYSE and added to Russell 2000 in June 2025.

• Improved non-GAAP adjusted earnings per share by 19% in 2024 and 64% in 2025 year-over-year.

• Raised $175 million through a rights offering in October 2024 and sold the 250 Water Street project in February 2026.

• Executed agreements to lease/program over 217,000 square feet at the Seaport since the spin-off.