
<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from financial
statements, schedules and other disclosure contained in Form 10-Q for the period
ended June 30, 1999 of Saul Centers, Inc. and is qualified in its entirety by
reference to such financial statements, schedules and other disclosure.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<CASH>                                            2001
<SECURITIES>                                         0
<RECEIVABLES>                                     4796
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         352,574
<DEPRECIATION>                                 107,102
<TOTAL-ASSETS>                                 279,211
<CURRENT-LIABILITIES>                                0
<BONDS>                                        294,211
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           131
<OTHER-SE>                                     (34,398)
<TOTAL-LIABILITY-AND-EQUITY>                   279,211
<SALES>                                              0
<TOTAL-REVENUES>                                35,984
<CGS>                                                0
<TOTAL-COSTS>                                    9,624
<OTHER-EXPENSES>                                 3,160
<LOSS-PROVISION>                                   125
<INTEREST-EXPENSE>                              11,306
<INCOME-PRETAX>                                  9,972
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              9,972
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     6,084
<EPS-BASIC>                                       0.47
<EPS-DILUTED>                                     0.47


</TABLE>
