Seaport Entertainment Group Inc. shares fall 1.76% after-hours after announcing the sale of Water Street Development.

Seaport Entertainment Group Inc. declined 1.76% in after-hours trading. The company announced that it is focused on delivering experiences for its surrounding residents, customers, and tenants across its three operating segments: Landlord Operations, Hospitality, and Sponsorships, Events, and Entertainment. Its portfolio encompasses a range of leisure and recreational activities, including live concerts, fine dining, professional sports, and high-end and experiential retail. The company is focused on realizing value for shareholders primarily through dedicated management of existing assets, expansion of partnerships, strategic acquisitions, and completion of development and redevelopment projects. Its assets are primarily concentrated in New York City and Las Vegas, including the Seaport in Lower Manhattan.