-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 I+DhTbxnOPE90kqPFucDs+KJd9NrFf173jmZE/FXDAKKbPKgIYCtul78C1LLHgvC
 VSSJ9JgsLopMIYKn0aUPhg==

<SEC-DOCUMENT>0001193125-05-036234.txt : 20050224
<SEC-HEADER>0001193125-05-036234.hdr.sgml : 20050224
<ACCEPTANCE-DATETIME>20050224170508
ACCESSION NUMBER:		0001193125-05-036234
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20050223
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050224
DATE AS OF CHANGE:		20050224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAUL CENTERS INC
		CENTRAL INDEX KEY:			0000907254
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521833074
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12254
		FILM NUMBER:		05638014

	BUSINESS ADDRESS:	
		STREET 1:		8401 CONNECTICUT AVE
		CITY:			CHEVY CHASE
		STATE:			MD
		ZIP:			20815
		BUSINESS PHONE:		3019866207

	MAIL ADDRESS:	
		STREET 1:		8401 CONNECTICUT AVE
		CITY:			CHEVY CHASE
		STATE:			MD
		ZIP:			20815
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8K
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>EXHIBIT 99.1
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g50392image001.jpg
<DESCRIPTION>GRAPHIC
</DOCUMENT>
</SUBMISSION>