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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Business Segments |
SAUL CENTERS, INC. Notes to Consolidated Financial Statements
(In thousands) | Shopping |  | Mixed-Use |  | Corporate |  | Consolidated
As of or for the year ended December 31, 2013 | Centers |  | Properties |  | and Other |  | Totals
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 145,219 |  |  | $ | 52,609 |  |  | $ | 69 |  |  | $ | 197,897 |
Expenses | (30,729 | ) |  | (17,213 | ) |  | — |  |  | (47,942 | )
Income from real estate | 114,490 |  |  | 35,396 |  |  | 69 |  |  | 149,955 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (46,589 | ) |  | (46,589 | )
General and administrative | — |  |  | — |  |  | (14,951 | ) |  | (14,951 | )
Subtotal | 114,490 |  |  | 35,396 |  |  | (61,471 | ) |  | 88,415 |
Depreciation and amortization of deferred leasing costs | (27,340 | ) |  | (21,790 | ) |  | — |  |  | (49,130 | )
Acquisition related costs | (106 | ) |  | — |  |  | — |  |  | (106 | )
Predevelopment expenses | — |  |  | (3,910 | ) |  | — |  |  | (3,910 | )
Change in fair value of derivatives | — |  |  | — |  |  | (7 | ) |  | (7 | )
Loss on early extinguishment of debt | — |  |  | — |  |  | (497 | ) |  | (497 | )
Gain on casualty settlement | 77 |  |  | — |  |  | — |  |  | 77 |
Net income (loss) | $ | 87,121 |  |  | $ | 9,696 |  |  | $ | (61,975 | ) |  | $ | 34,842 |
Capital investment | $ | 18,232 |  |  | $ | 8,207 |  |  | $ | — |  |  | $ | 26,439 |
Total assets | $ | 888,109 |  |  | $ | 293,512 |  |  | $ | 17,054 |  |  | $ | 1,198,675 |
As of or for the year ended December 31, 2012 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 137,647 |  |  | $ | 52,309 |  |  | $ | 136 |  |  | $ | 190,092 |
Expenses | (30,139 | ) |  | (17,131 | ) |  | — |  |  | (47,270 | )
Income from real estate | 107,508 |  |  | 35,178 |  |  | 136 |  |  | 142,822 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (49,544 | ) |  | (49,544 | )
General and administrative | — |  |  | — |  |  | (14,274 | ) |  | (14,274 | )
Subtotal | 107,508 |  |  | 35,178 |  |  | (63,682 | ) |  | 79,004 |
Depreciation and amortization of deferred leasing costs | (25,667 | ) |  | (14,445 | ) |  | — |  |  | (40,112 | )
Acquisition related costs | (1,129 | ) |  | — |  |  | — |  |  | (1,129 | )
Predevelopment expenses | — |  |  | (2,667 | ) |  | — |  |  | (2,667 | )
Change in fair value of derivatives | — |  |  | — |  |  | 36 |  |  | 36 |
Gain on sales of properties | 4,510 |  |  | — |  |  | — |  |  | 4,510 |
Loss from operations of property sold | (81 | ) |  | — |  |  | — |  |  | (81 | )
Gain on casualty settlement | 219 |  |  | — |  |  | — |  |  | 219 |
Net income (loss) | $ | 85,360 |  |  | $ | 18,066 |  |  | $ | (63,646 | ) |  | $ | 39,780 |
Capital investment | $ | 46,353 |  |  | $ | 8,290 |  |  | $ | — |  |  | $ | 54,643 |
Total assets | $ | 894,027 |  |  | $ | 301,355 |  |  | $ | 11,927 |  |  | $ | 1,207,309 |
As of or for the year ended December 31, 2011 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 127,767 |  |  | $ | 46,035 |  |  | $ | 76 |  |  | $ | 173,878 |
Expenses | (30,372 | ) |  | (14,658 | ) |  | — |  |  | (45,030 | )
Income from real estate | 97,395 |  |  | 31,377 |  |  | 76 |  |  | 128,848 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (45,324 | ) |  | (45,324 | )
General and administrative | — |  |  | — |  |  | (14,256 | ) |  | (14,256 | )
Subtotal | 97,395 |  |  | 31,377 |  |  | (59,504 | ) |  | 69,268 |
Depreciation and amortization of deferred leasing costs | (23,077 | ) |  | (12,221 | ) |  | — |  |  | (35,298 | )
Acquisition related costs | (2,534 | ) |  | — |  |  | — |  |  | (2,534 | )
Change in fair value of derivatives | — |  |  | — |  |  | (1,332 | ) |  | (1,332 | )
Gain on casualty settlement | 245 |  |  | — |  |  | — |  |  | 245 |
Loss from operations of property sold | (55 | ) |  | — |  |  | — |  |  | (55 | )
Net income (loss) | $ | 71,974 |  |  | $ | 19,156 |  |  | $ | (60,836 | ) |  | $ | 30,294 |
Capital investment | $ | 177,958 |  |  | $ | 24,546 |  |  | $ | — |  |  | $ | 202,504 |
Total assets | $ | 871,409 |  |  | $ | 308,053 |  |  | $ | 13,107 |  |  | $ | 1,192,569 |

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