Is Six Flags Entertainment on the verge of a major shake-up?
If an activist investor gets its way, the amusement park giant could transform into a completely new type of company. The news sent Six Flags shares soaring 4% on Friday — far outpacing the S&P 500’s modest 0.6% gain that day.
Turning Parks into Profit
The activist behind the push, Land & Buildings Investment Management, released a letter to Six Flags outlining a bold plan: monetize the company’s vast land holdings. Options include spinning off the properties into a real estate investment trust (REIT) or selling them outright.
This isn’t the first time Land & Buildings has urged Six Flags to unlock the value of its real estate. In the letter, the activist suggested that executing such a move could send the stock up 50%, based on prior presentations.
The potential upside, according to Land & Buildings, is even bigger today. With Six Flags trading near all-time lows, separating the real estate could deliver a 75% gain based on 2026 consensus estimates. If EBITDA recovers to $1.1 billion — the company’s original 2025 guidance — gains could soar as high as 130%.
Small Stake, Big Influence
Land & Buildings holds a roughly 2% stake in Six Flags — small, but typical for activist investors. These investors specialize in influencing the decision-makers and rallying other shareholders behind their ideas. While the plan to “unlock” real estate value is gaining attention, whether it translates into real change remains to be seen.
Should You Buy Six Flags Now?
Before rushing to invest, it’s worth noting that Motley Fool’s Stock Advisor team didn’t include Six Flags in its latest list of the 10 best stocks to buy. Their picks historically crushed the market: investing $1,000 in Netflix in 2004 would now be worth $651,593, and $1,000 in Nvidia in 2005 would have grown to over $1 million.
Stock Advisor’s average return of 1,058% far outpaces the S&P 500’s 188%, showing the value of carefully chosen investments.
While Six Flags is making headlines and generating excitement, investors may want to weigh the risks — and keep an eye on whether the activist’s plans actually come to life.
Author Profile
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The writer is a real estate journalist specializing in all types of New York City properties, including luxury residences, commercial spaces, and homes.
He also writes humorous articles about real estate, investors, and realtors.
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