Seaport’s 2025 Year‑End Highlights and Future Moves

Key Highlights

• Seaport District: 153,000 sq ft leased or programmed, 90 % occupancy
• Balloon Museum: Five‑year lease secured with Lux Entertainment; opening summer 2026
• Water Street Sale: $143 million, $76 million in cash; debt largely cleared
• Stock Buy‑Back: Up to $50 million authorized, no shares repurchased yet
• Cobblestones Lease: Ten‑year arts & hospitality concept, launch early 2027
• Sadie’s Restaurant: Neighborhood spot opening spring 2026 with outdoor seating
• Pier 17 Expansion: 41,000 sq ft event space over three floors; up to 1,500 guests
• Financials: Q4 2025 net loss $36.9 M (↓11 % YoY); full year net loss $116.7 M (↓24 %)
• Leadership: Matt Partridge promoted to President & CEO; Lenah Elaiwat becomes CFO
• Exchange Move: From NYSE American to main NYSE; added to Russell 2000 & Microcap
• Upcoming Call: March 5, live audio webcast for investors

Strategic Vision

The firm continues to fuse entertainment with real‑estate, delivering unique experiences that attract both visitors and tenants. Future initiatives include rebranding the Tin Building into a globally recognized museum, solidifying its status as a cultural hub.