BFS - NYSE

Saul Centers, Inc.

BFS·NYSE

$35.45

-0.23%

Real EstateREIT - Retail

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties. Approximately 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$869.54M

EPS1.5500

P/E Ratio22.87

Earnings Date08/06/2026

291.56M

Revenue

3Y+19.0%

5Y+29.0%

10Y+34.0%

37.51M

Net Income

-26%

3Y-25.0%

5Y-7.0%

10Y-17.0%

99.80M

Operating Cash Flow

-18%

3Y-18.0%

5Y+27.0%

10Y+12.0%

Saul Centers, Inc. Profit Bridge

BFS · NYSE

Revenue & Cost of Sales

Revenue291.56M

Cost of Goods Sold (202.05M)

Gross Profit89.52M

Operating Expenses

Operating Expenses (-30.13M)

Operating Income119.65M

Other Income & Taxes

Interest Expense (70.55M)

Other Income/Expense-70.43M

Pretax Income49.22M

Income Tax (0.00)

Net Income37.51M

Net Income

37.51M

Profitability Analysis

Gross Margin

30.7%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

41.0%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

12.9%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

Saul Centers, Inc. Income Statement

BFS • NYSE

Saul Centers, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	291.6M	268.8M	257.2M	245.9M	239.2M	225.2M	231.5M	227.9M	227.3M	217.1M	209.1M	207.1M	197.9M	190.1M	174.4M	163.5M	161.1M	160.3M	150.6M	138M
GROSS PROFIT
Cost of Revenue	(202M)	(72.1M)	(67.1M)	(64.5M)	(61.6M)	(58.4M)	(57.9M)	(55.6M)	(54.7M)	(52.2M)	(50.2M)	(48.8M)	(47M)	(46.1M)	(45.3M)	(42.3M)	(40.1M)	(0.0)	(0.0)	(12.5M)
Gross Profit	89.5M	196.8M	190.1M	181.3M	177.6M	166.8M	173.6M	172.3M	172.6M	164.9M	158.8M	158.3M	150.9M	144M	129M	121.2M	121M	160.3M	150.6M	125.5M
OPERATING INCOME
Operating Expenses	-30.1M	(75.6M)	(23.5M)	(115.9M)	(115.9M)	(116.5M)	(20.8M)	(18.9M)	(19.1M)	(19M)	(17.3M)	(58.8M)	(15.9M)	(15.4M)	(49.7M)	(42.4M)	(41.2M)	(114M)	(105.2M)	(97.5M)
Selling, General & Administrative	(26.9M)	(25.1M)	(23.5M)	(22.4M)	(20.3M)	(19.1M)	(20.8M)	(18.5M)	(18.2M)	(17.5M)	(16.4M)	(17M)	(15M)	(14.3M)	(14.3M)	(14M)	(13M)	(12.3M)	(11.7M)	(10.1M)
Research & Development	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(3.9M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Operating Income	119.6M	121.2M	166.6M	65.4M	61.6M	50.3M	64.2M	62.6M	60.6M	55.7M	52.9M	51.9M	35.3M	36.2M	33.9M	43.8M	45.1M	46.4M	45.5M	40.5M
PRE-TAX INCOME
Interest Expense	(70.5M)	(53.7M)	(47.2M)	(43.9M)	(45.4M)	(0.0)	(41.8M)	(45M)	(47.2M)	(45.7M)	(45.2M)	(44.7M)	(46.6M)	(49.5M)	(45.5M)	(35M)	(34.7M)	(34.3M)	(278K)	(32.5M)
Net Interest Income	-70.5M	-53.7M	-46.9M	-43.9M	-45.4M	140K	-41.8M	-44.8M	-47.1M	-45.7M	-45.2M	-46M	-46.6M	-49.5M	-45.3M	-34.8M	-34.7M	-34.3M	-33.9M	0.0
Other Expenses	-57.1M	(50.5M)	(0.0)	(93.6M)	(95.7M)	(97.4M)	(0.0)	(413K)	(906K)	(1.5M)	(915K)	(41.9M)	-2.9M	(1.2M)	(35.4M)	(28.5M)	(28.3M)	(101.7M)	(93.5M)	(87.4M)
Total Other Income Expenses Net	-70.4M	-53.5M	-97.6M	0.0	0.0	0.0	0.0	-44.5M	-92.8M	1M	1K	6.1M	-427K	-49.3M	-3.6M	-3.9M	-1.8M	-46.4M	139K	0.0
Income Before Tax	49.2M	67.7M	69M	65.4M	61.6M	50.3M	64.2M	63.1M	60.7M	56.7M	52.9M	58M	34.8M	35.4M	30.3M	78.8M	79.8M	17.9M	45.7M	32.7M
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-33.9M	-33.4M	(0.0)	(0.0)	(0.0)	(0.0)	-34.7M	(10.8M)	(11.2M)	(10.3M)	-57.4M	(8.5M)	-7.8M
Net Income	37.5M	50.6M	52.7M	50.2M	48.4M	40.4M	51.7M	50.6M	48.3M	45.3M	42.5M	46.9M	30.9M	33.4M	26.7M	36.8M	36.7M	39.7M	36.7M	32.7M

SEC Filings

BFS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 11, 2026	May 08, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 23, 2026	May 08, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 26, 2025	November 25, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 06, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 06, 2025	November 06, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 07, 2025	August 07, 2025	2025	View Filing

Showing 1 to 10 of 345 filings

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