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
Operating Revenue $217.1m
$227.3m +4.71%
$227.2m -0.03%
$231.5m +1.90%
$225.2m -2.73%
$239.2m +6.22%
$240.8m +0.67%
$249.1m +3.41%
$261.2m +4.87%
$284.4m +8.88%
$302.2m +6.27%
Total Revenue $217.1m
$227.2m +4.67%
$227.2m +0.01%
$231.5m +1.90%
$225.2m -2.73%
$239.2m +6.22%
$245.9m +2.77%
$257.2m +4.62%
$268.8m +4.53%
$289.8m +7.81%
$302.2m +4.26%
Cost of Revenue $53.7m
$55.6m +3.52%
$55.6m -0.03%
$57.9m +4.24%
$58.4m +0.84%
$61.6m +5.50%
$64.5m +4.70%
$67.1m +4.06%
$72.1m +7.33%
$84.5m +17.23%
$89.9m +6.39%
Gross Profit $163.4m
$171.6m +5.05%
$171.6m +0.02%
$173.6m +1.14%
$166.8m -3.92%
$177.6m +6.48%
$181.3m +2.11%
$190.1m +4.81%
$196.8m +3.53%
$205.4m +4.36%
$212.3m +3.39%
General and Administrative Expense $17.5m $18.2m $18.5m $20.8m $19.1m $20.3m $22.4m $23.5m $25.1m $26.9m $27.8m
Operating Lease, Lease Income $221.7m $223.4m $220.3m $234.5m $249.1m $261.2m
Operating Lease, Expense $806k $799k $800k $871k $848k
Operating Expenses $164.7m $179.8m
Other Operating Income $5.5m $8.2m $4.9m $4.7m $8.2m $7.7m
EBIT $107.4m $116.2m $119.2m $117.0m $119.2m
Operating Income $55.7m
$60.6m +8.77%
$61.6m
$110.0m +78.39%
$118.2m +7.46%
$121.2m +2.57%
$119.6m -1.30%
$122.4m +2.34%
Operating Income (Loss) $55.7m
$60.6m +8.77%
$203.8m $122.4m
Total Operating Income As Reported $61.6m $65.4m $122.4m
Interest Expense $45.0m $42.1m $46.7m $45.4m $42.0m $49.4m $53.9m $67.7m $73.5m
Interest Expense, Debt $46.9m $49.3m $49.7m $52.0m $51.7m $50.6m $43.9m $66.7m $74.4m $70.5m $73.5m
Interest Income, Operating $272k $248k $140k $7k $295k $159k $236k
Other Income $80k
Real Estate Tax Expense $24.7m $27.4m $28.0m $29.6m $28.7m $29.6m $30.3m
Net Income $56.7m
$60.7m +6.96%
$63.1m +3.94%
$64.2m +1.80%
$50.3m -21.62%
$61.6m +22.52%
$50.2m -18.58%
$52.7m +4.97%
$50.6m -3.87%
$37.5m -25.94%
$23.7m -36.90%
Net Income Common Stockholders $56.7m
$60.7m +6.96%
$63.1m +3.94%
$64.2m +1.80%
$50.3m -21.62%
$61.6m +22.52%
$39.0m -36.74%
$41.5m +6.40%
$39.5m -4.92%
$26.3m -33.30%
$23.7m -10.06%
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%
$39.0m -19.40%
$52.7m +35.10%
$50.6m -3.87%
$26.3m -48.04%
$23.7m -10.06%
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%
$23.7m -10.06%
Net Income (Loss) Attributable to Noncontrolling Interest $11.4m $12.4m $12.5m $12.5m $9.9m $13.3m $15.2m $16.3m $17.1m $11.7m $23.7m
Preferred Stock Dividends, Income Statement Impact $12.4m $12.4m $12.3m $12.2m $11.2m $11.2m ($11.2m) $11.2m $11.2m ($11.2m) $11.2m
Earnings Per Share, Basic $1.53 $1.64 $1.61 $1.58 $1.25 $1.57 $1.63 $1.73 $1.64 $1.09 $0.97
Earnings Per Share, Diluted $1.52 $1.63 $1.60 $1.57 $1.25 $1.57 $1.63 $1.73 $1.63 $1.09 $0.97
Weighted Average Number of Shares Outstanding, Basic 21.5m 21.9m 22.4m 23.0m 23.4m 23.7m 24.1m 24.1m 24.3m
Weighted Average Number of Shares Outstanding, Diluted 21.6m 22.0m 22.4m 23.1m 23.4m 23.7m 24.1m 24.1m 24.3m
Additional Financial Items
Cost of Property Repairs and Maintenance $11.8m $11.6m $11.9m $12.5m $11.1m $13.5m $15.5m $18.8m
Direct Costs of Leased and Rented Property or Equipment $27.5m $28.2m $29.9m $28.9m $32.9m $37.5m $41.7m
Operating Insurance and Claims Costs, Production $360k $288k $408k $400k $428k $398k $563k $449k