<SEC-DOCUMENT>0001193125-14-401047-index.html : 20141106
<SEC-HEADER>0001193125-14-401047.hdr.sgml : 20141106
<ACCEPTANCE-DATETIME>20141106161610
ACCESSION NUMBER:		0001193125-14-401047
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20141106
DATE AS OF CHANGE:		20141106

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:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-185595
		FILM NUMBER:		141200881

	BUSINESS ADDRESS:	
		STREET 1:		7501 WISCONSIN AVENUE
		STREET 2:		SUITE 1500
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		3019866207

	MAIL ADDRESS:	
		STREET 1:		7501 WISCONSIN AVENUE
		STREET 2:		SUITE 1500
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>d817341d424b5.htm
<DESCRIPTION>424B5
<TEXT>
Document 1 - file: d817341d424b5.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g817341g10c44.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g817341g10c44.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g817341g41v63.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g817341g41v63.jpg

</DOCUMENT>
</SEC-DOCUMENT>