← SAUL CENTERS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $45.3m |
$48.3m
+6.58%
|
$50.6m
+4.76%
|
$51.7m
+2.31%
|
$40.4m
-21.93%
|
$48.4m
+19.83%
|
$50.2m
+3.73%
|
$52.7m
+4.97%
|
$50.6m
-3.87%
|
$37.5m
-25.94%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $32.9m |
$35.9m
+9.05%
|
$36.0m
+0.23%
|
$36.3m
+0.80%
|
$29.2m
-19.49%
|
$37.2m
+27.43%
|
$39.0m
+4.85%
|
$41.5m
+6.40%
|
$39.5m
-4.92%
|
$26.3m
-33.30%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $56.7m | $60.7m | $63.1m | $64.2m | $50.3m | $61.6m | $65.4m | $69.0m | $67.7m | $49.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $11.4m | $12.4m | $12.5m | $12.5m | $9.9m | $13.3m | $15.2m | — | — | — | — | |
| Depreciation, Depletion and Amortization | $44.4m | $45.7m | $45.9m | $46.3m | $51.1m | $50.3m | $49.0m | $48.4m | $50.5m | $58.8m | — | |
| Amortization of Debt Issuance Costs and Discounts | $1.3m | $1.4m | $1.6m | $1.5m | $1.6m | $1.7m | $2.0m | $2.2m | $2.4m | $3.0m | — | |
| Share-based Payment Arrangement, Noncash Expense | $1.6m | $1.7m | $1.8m | $1.9m | $1.4m | $1.6m | $1.5m | $1.4m | $1.7m | $2.0m | $2.3m | |
| Share-based Payment Arrangement, Expense | $1.3m | $1.4m | $1.6m | $1.6m | $1.2m | $1.3m | $1.3m | $1.2m | $700k | $500k | $2.3m | |
| Asset Impairment Charge | — | — | — | — | — | — | ($88k) | $534k | $859k | $1.7m | $1.7m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $5.4m | $1.7m | $4.6m | ($10.8m) | ($9.0m) | |
| Change In Receivables | — | — | — | — | — | — | $2.4m | ($243k) | $4.2m | ($11.6m) | ($12.0m) | |
| Increase (Decrease) in Other Operating Assets | $6.4m | ($1.4m) | ($3.7m) | ($894k) | ($361k) | $2.8m | ($4.5m) | ($453k) | ($742k) | ($474k) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $4.5m | $453k | $742k | $474k | $2.2m | |
| Net Cash Provided by (Used in) Operating Activities | $89.1m |
$103.5m
+16.12%
|
$110.3m
+6.66%
|
$115.4m
+4.57%
|
$78.4m
-32.07%
|
$118.4m
+51.03%
|
$121.2m
+2.34%
|
$117.7m
-2.83%
|
$121.2m
+2.97%
|
$99.8m
-17.68%
|
$102.9m
+3.09%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $91.0m | $120.0m | $128.7m | $135.7m | $56.2m | $55.9m | $116.9m | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $0 | $278k | $0 | $0 | — | $181k | $120k | ($120k) | |
| Net Cash Provided by (Used in) Investing Activities | ($86.3m) | ($113.3m) | ($128.7m) | ($135.7m) | ($56.2m) | ($55.9m) | ($116.9m) | ($203.7m) | ($188.7m) | ($95.8m) | ($57.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($648k) | $0 | $0 | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $354.8m | $257.9m | $464.0m | $276.3m | $404.3m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $354.8m | $257.9m | $464.0m | $276.3m | $404.3m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($271.1m) | ($90.3m) | ($317.6m) | ($203.2m) | ($360.2m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $83.7m | $167.6m | $146.4m | $73.1m | $44.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $83.7m | $167.6m | $146.4m | $73.1m | $44.1m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $1.5m | $58.0m | $112.0m | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($271.1m) | ($90.3m) | ($317.6m) | ($203.2m) | ($360.2m) | |
| Short Term Debt Issuance | — | — | — | — | — | $46.0m | $155.0m | $160.0m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | ($44.5m) | ($97.0m) | ($48.0m) | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $39.5m | $44.6m | $46.3m | $48.6m | $49.4m | $51.0m | $55.5m | $56.7m | $56.9m | $57.1m | ($68.6m) | |
| Proceeds from Issuance of Common Stock | $21.6m | $22.8m | $30.5m | $25.0m | $8.3m | $14.4m | $8.2m | $2.2m | $2.4m | $3.2m | $4.9m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($55.5m) | ($56.7m) | ($56.9m) | ($57.1m) | ($57.4m) | |
| Common Stock Issuance | — | — | — | — | — | — | $8.2m | $2.2m | $2.4m | $3.2m | $4.9m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $8.2m | $2.2m | $2.4m | $3.2m | $4.9m | |
| Dividends Payable | $18.0m | $18.5m | $19.2m | $19.3m | $19.4m | $21.7m | $22.5m | $22.9m | $23.5m | $24.2m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($66.7m) | ($67.9m) | ($68.1m) | ($68.3m) | ($68.6m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($11.2m) | ($11.2m) | ($11.2m) | ($11.2m) | ($11.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($30.7m) | ($20.8m) | ($11.3m) | ($13.5m) | ($11.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($4.5m) |
$12.4m
+376.67%
|
$22.0m
+76.67%
|
$19.6m
-10.80%
|
($9.3m)
-147.25%
|
($74.8m)
-707.11%
|
($5.6m)
+92.54%
|
$81.1m
+1553.60%
|
$69.4m
-14.41%
|
($5.5m)
-107.98%
|
($30.7m)
-453.92%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.7m) | $2.6m | $3.7m | ($673k) | $13.0m | ($12.3m) | ($1.3m) | ($4.9m) | $1.9m | ($1.6m) | $20.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $14.6m | $13.3m | $8.4m | $10.3m | $5.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $13.9m | $26.9m | $14.6m | $13.3m | $8.4m | $10.3m | $8.7m | $20.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $44.1m | $45.7m | $43.6m | $40.4m | $45.0m | $44.6m | $40.7m | $46.1m | $51.6m | $67.9m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Properties | $1.0m | $0 | $509k | $0 | $278k | $0 | $0 | — | $181k | — | — | |
| General and Administrative Expense | $17.5m | $18.2m | $18.5m | $20.8m | $19.1m | $20.3m | $22.4m | $23.5m | $25.1m | $26.9m | — | |
| Operating Expenses | — | — | — | $166.9m | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | $799k | $800k | $824k | $871k | $848k | $877k | — | |
| Operating Lease, Lease Income | — | — | — | $223.4m | $220.3m | $234.5m | $240.8m | $249.1m | $261.2m | $284.4m | — | |
| Provision for Loan, Lease, and Other Losses | $1.5m | $906k | $685k | $1.2m | $5.2m | $812k | ($88k) | $534k | $859k | $1.7m | — | |
| Real Estate Tax Expense | $24.7m | $27.0m | — | $28.0m | $29.6m | $28.7m | $28.6m | $29.6m | $30.3m | $32.4m | — | |
| Operating Cash Flow | $89.1m |
$103.5m
+16.12%
|
$110.3m
+6.66%
|
$115.4m
+4.57%
|
$78.4m
-32.07%
|
$118.4m
+51.03%
|
$121.2m
+2.34%
|
$117.7m
-2.83%
|
$121.2m
+2.97%
|
$99.8m
-17.68%
|
$102.9m
+3.09%
|
|
| Cash Flow From Continuing Operating Activities | $89.1m | $103.5m | $110.3m | $115.4m | $78.4m | $118.4m | $121.2m | $117.7m | $121.2m | $99.8m | $102.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($5.6m) | $81.1m | $69.4m | ($5.5m) | ($30.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($116.9m) | ($203.7m) | ($188.7m) | ($95.8m) | ($57.3m) | |
| Change In Account Payable | — | — | — | — | — | — | $524k | $1.9m | ($691k) | $474k | ($279k) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.3m) | ($4.9m) | $1.9m | ($1.6m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($2.0m) | ($421k) | $285k | ($193k) | $1.1m | |
| Change In Payable | — | — | — | — | — | — | $524k | $1.9m | ($691k) | $474k | ($279k) | |
| Changes In Cash | — | — | — | — | — | — | ($1.3m) | ($4.9m) | $1.9m | ($1.6m) | $14.9m | |
| End Cash Position | — | — | — | — | — | — | $13.3m | $8.4m | $10.3m | $8.7m | $20.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($5.6m) |
$81.1m
+1553.60%
|
$69.4m
-14.41%
|
($5.5m)
-107.98%
|
($30.7m)
-453.92%
|
|
| Free Cash Flow | — | — | — | — | — | — | $121.2m | $117.7m | $121.2m | $99.8m | $102.9m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $0 | $0 | ($181k) | ($120k) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($116.9m) | ($203.7m) | ($188.7m) | ($95.8m) | ($57.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($101.1m) | ($177.5m) | ($151.7m) | ($52.8m) | ($25.7m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($15.8m) | ($26.2m) | ($37.0m) | ($43.0m) | ($31.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | $648k | — | ($181k) | ($120k) | ($120k) | |
| Other Non Cash Items | — | — | — | — | — | — | $48.2m | $45.1m | $46.6m | $57.8m | — | |
| Purchase Of Business | — | — | — | — | — | — | ($101.1m) | ($177.5m) | ($151.7m) | ($52.8m) | ($25.7m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($15.8m) | ($26.2m) | ($37.2m) | ($43.1m) | ($31.6m) | |
| Sale Of Investment Properties | — | — | — | — | — | — | $0 | $0 | $181k | $120k | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $1.5m | $1.4m | $1.7m | $2.0m | $2.3m |