Matt Partridge appointed as new CEO of Seaport Entertainment Group

NEW YORK - Seaport Entertainment Group Inc. (NYSE:SEG) announced Wednesday the appointment of Matt Partridge as President and Chief Executive Officer, succeeding Anton Nikodemus who will remain with the company as a Special Advisor until November 3, 2025. According to InvestingPro data, SEG currently trades at $78.12, with analysts setting price targets between $80 and $85.

The company also named Chief Accounting Officer Lenah Elaiwat as Interim Chief Financial Officer and Treasurer. Additionally, Michael Crawford, currently Lead Independent Director, will become Chairman of the Board. SEG demonstrates strong financial health, with InvestingPro analysis showing a "GREAT" overall financial score of 3.2 out of 5, particularly excelling in growth and relative value metrics.

Partridge, who previously served as SEG’s Chief Financial Officer, will also join the company’s Board of Directors. In his previous role, he helped position SEG as a newly independent public company following its spinoff from Howard Hughes Holdings Inc. (NYSE:HHH).

"I am grateful for Anton’s leadership in the initial phase of the Company’s development," Partridge said in a press release statement.

Nikodemus led SEG through its transition to a hospitality and entertainment-focused company after the spinoff from Howard Hughes Holdings.

"Standing up a public company, evaluating our differentiated portfolio of assets, adding tremendous talent across the organization, and positioning the Company for long-term success was a collaborative effort among a very talented team," Nikodemus said.

Crawford credited Nikodemus for guiding the company through its successful spinoff and launching the repositioning of the company’s portfolio of assets, particularly at the Seaport.

According to the announcement, Partridge’s leadership begins as the company focuses on maximizing the potential of its assets, including the turnaround of its properties and operations in the Seaport.

Seaport Entertainment Group describes itself as a company focused on delivering experiences through restaurant, entertainment, sports, retail and hospitality offerings integrated into real estate.

In other recent news, Howard Hughes Holdings Inc. reported second-quarter 2025 earnings that fell short of analyst expectations. The company announced an earnings per share (EPS) of -$0.22, significantly missing the anticipated $1.04, reflecting a 121.15% decline. Revenue also did not meet forecasts, coming in at $260.88 million against the expected $289.31 million, marking a 9.83% shortfall. In a separate development, Howard Hughes Communities revealed that its luxury condo sales reached a record $1.2 billion. This includes over $280 million in penthouse sales, with a single residence selling for more than $40 million. The two new luxury residential towers, ’Ilima Ward Village and Melia Ward Village, have achieved pre-sold levels of 41% and 52% respectively as of September 1. These recent developments highlight contrasting performance areas within the company’s operations.

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