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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2015
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, 2015 | Centers |  | Properties |  | and Other |  | Totals
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 156,110 |  |  | $ | 52,916 |  |  | $ | 51 |  |  | $ | 209,077 |
Expenses | (33,877 | ) |  | (17,266 | ) |  | — |  |  | (51,143 | )
Income from real estate | 122,233 |  |  | 35,650 |  |  | 51 |  |  | 157,934 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (45,165 | ) |  | (45,165 | )
General and administrative | — |  |  | — |  |  | (16,353 | ) |  | (16,353 | )
Subtotal | 122,233 |  |  | 35,650 |  |  | (61,467 | ) |  | 96,416 |
Depreciation and amortization of deferred leasing costs | (30,171 | ) |  | (13,099 | ) |  | — |  |  | (43,270 | )
Acquisition related costs | (84 | ) |  | — |  |  | — |  |  | (84 | )
Predevelopment expenses | (57 | ) |  | (75 | ) |  | — |  |  | (132 | )
Change in fair value of derivatives | — |  |  | — |  |  | (10 | ) |  | (10 | )
Gain on sale of property | 11 |  |  | — |  |  | — |  |  | 11 |
Net income (loss) | $ | 91,932 |  |  | $ | 22,476 |  |  | $ | (61,477 | ) |  | $ | 52,931 |
Capital investment | $ | 17,159 |  |  | $ | 52,460 |  |  | $ | — |  |  | $ | 69,619 |
Total assets | $ | 936,542 |  |  | $ | 356,400 |  |  | $ | 11,203 |  |  | $ | 1,304,145 |
As of or for the year ended December 31, 2014 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 154,385 |  |  | $ | 52,632 |  |  | $ | 75 |  |  | $ | 207,092 |
Expenses | (33,781 | ) |  | (15,732 | ) |  | — |  |  | (49,513 | )
Income from real estate | 120,604 |  |  | 36,900 |  |  | 75 |  |  | 157,579 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (46,034 | ) |  | (46,034 | )
General and administrative | — |  |  | — |  |  | (16,961 | ) |  | (16,961 | )
Subtotal | 120,604 |  |  | 36,900 |  |  | (62,920 | ) |  | 94,584 |
Depreciation and amortization of deferred leasing costs | (28,082 | ) |  | (13,121 | ) |  | — |  |  | (41,203 | )
Acquisition related costs | (949 | ) |  | — |  |  | — |  |  | (949 | )
Predevelopment expenses | — |  |  | (503 | ) |  | — |  |  | (503 | )
Change in fair value of derivatives | — |  |  | — |  |  | (10 | ) |  | (10 | )
Gain on sale of property | 6,069 |  |  | — |  |  | — |  |  | 6,069 |
Net income (loss) | $ | 97,642 |  |  | $ | 23,276 |  |  | $ | (62,930 | ) |  | $ | 57,988 |
Capital investment | $ | 66,508 |  |  | $ | 23,760 |  |  | $ | — |  |  | $ | 90,268 |
Total assets | $ | 946,819 |  |  | $ | 307,901 |  |  | $ | 12,267 |  |  | $ | 1,266,987 |
SAUL CENTERS, INC. Notes to Consolidated Financial Statements (continued)
(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 | )
Loss on early extinguishment of debt | — |  |  | — |  |  | (497 | ) |  | (497 | )
Gain on casualty settlement | 77 |  |  | — |  |  | — |  |  | 77 |
Change in fair value of derivatives | — |  |  | — |  |  | (7 | ) |  | (7 | )
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 |

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