revenue $34.3M, net income -$10.5M. Seaport Entertainment sells 250 Water Street, closes Tin Building restaurant; revenue falls 13.8%

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Sold 250 Water Street development site for $143.0M in February 2026, paying off its mortgage and cutting total mortgage debt from $101.4M to $38.1M.

  MD&A: 250 Water Street sale verify on EDGAR →
• high

  Closed Tin Building by Jean-Georges and Malibu Farms, causing Hospitality revenue to drop 54% to $7.1M; new Balloon Museum lease signed for the space.

  MD&A: Hospitality restructuring verify on EDGAR →
• high

  Net loss narrowed 29.2% to -$10.5M, with diluted EPS improving 29.3% to -$0.82, as operating loss shrank 31%.

  Key Financials view on EDGAR →