Seaport Entertainment Group Inc.
Consolidated Balance Sheets
(in thousands, except par value amounts)
(Unaudited)
March
31, 2026
December
31, 2025
ASSETS
Buildings and equipment $ 514,821 $ 537,243
Less: accumulated depreciation (223,599) (225,662)
Land 9,497 9,497
Net investment in real estate 300,719 321,078
Assets held for sale — 137,441
Investments in unconsolidated ventures 17,061 16,676
Cash and cash equivalents 114,828 77,808
Restricted cash 29,867 9,586
Accounts receivable, net 6,886 7,149
Deferred expenses, net 9,781 3,539
Operating lease right-of-use assets, net 44,657 45,102
Other assets, net 18,006 31,743
Total assets $ 541,805 $ 650,122
LIABILITIES
Mortgages payable, net $ 38,361 $ 38,348
Mortgages payable related to assets held for sale — 61,300
Operating lease obligations 56,605 56,527
Accounts payable and other liabilities 24,009 27,540
Total liabilities 118,975 183,715
EQUITY
Preferred stock, $0.01 par value, 20,000 shares authorized, none issued or outstanding — —
Common stock, $0.01 par value, 480,000 shares authorized, 12,806 issued and outstanding as of
March 31, 2026, and 12,777 issued and outstanding issued or outstanding as of December 31,
2025
129 128
Additional paid in capital 625,306 624,781
Accumulated deficit (212,505) (168,402)
Total Stockholders’ equity 412,930 456,507
Noncontrolling interest in subsidiary 9,900 9,900
Total equity 422,830 466,407
Total liabilities and equity $ 541,805 $ 650,122
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