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v2.4.1.9

Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Revenue |  |
Base rent | $ 41,479 us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue | $ 40,563 us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
Expense recoveries | 8,732 us-gaap_TenantReimbursements | 8,789 us-gaap_TenantReimbursements
Percentage rent | 438 us-gaap_PercentageRent | 452 us-gaap_PercentageRent
Other | 1,439 us-gaap_OtherRealEstateRevenue | 3,143 us-gaap_OtherRealEstateRevenue
Total revenue | 52,088 us-gaap_Revenues | 52,947 us-gaap_Revenues
Operating expenses |  |
Property operating expenses | 7,616 us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment | 7,585 us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
Provision for credit losses | 246 us-gaap_ProvisionForLoanAndLeaseLosses | 203 us-gaap_ProvisionForLoanAndLeaseLosses
Real estate taxes | 5,901 us-gaap_RealEstateTaxExpense | 5,453 us-gaap_RealEstateTaxExpense
Interest expense and amortization of deferred debt costs | 11,406 bfs_NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees | 11,467 bfs_NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
Depreciation and amortization of deferred leasing costs | 10,440 us-gaap_DepreciationDepletionAndAmortization | 10,180 us-gaap_DepreciationDepletionAndAmortization
General and administrative | 3,771 us-gaap_GeneralAndAdministrativeExpense | 4,680 us-gaap_GeneralAndAdministrativeExpense
Acquisition related costs | 21 us-gaap_BusinessCombinationAcquisitionRelatedCosts | 163 us-gaap_BusinessCombinationAcquisitionRelatedCosts
Predevelopment expenses | 0 bfs_OtherOperatingExpenses | 503 bfs_OtherOperatingExpenses
Total operating expenses | 39,401 us-gaap_CostsAndExpenses | 40,234 us-gaap_CostsAndExpenses
Operating income | 12,687 us-gaap_OperatingIncomeLoss | 12,713 us-gaap_OperatingIncomeLoss
Change in fair value of derivatives | (6)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet | (2)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Net Income | 12,681 us-gaap_ProfitLoss | 12,711 us-gaap_ProfitLoss
Noncontrolling interests |  |
Income attributable to noncontrolling interests | (2,474)us-gaap_IncomeLossAttributableToNoncontrollingInterest | (2,424)us-gaap_IncomeLossAttributableToNoncontrollingInterest
Net income attributable to Saul Centers, Inc. | 10,207 us-gaap_NetIncomeLoss | 10,287 us-gaap_NetIncomeLoss
Preferred stock dividends | (3,094)us-gaap_PreferredStockDividendsIncomeStatementImpact | (3,206)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income attributable to common stockholders | $ 7,113 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 7,081 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Per share net income attributable to common stockholders |  |
Basic and diluted (in usd per share) | $ 0.34 us-gaap_EarningsPerShareBasicAndDiluted | $ 0.34 us-gaap_EarningsPerShareBasicAndDiluted
Dividends declared per common share outstanding (in usd per share) | $ 0.43 us-gaap_CommonStockDividendsPerShareDeclared | $ 0.40 us-gaap_CommonStockDividendsPerShareDeclared

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