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Business Segments (Tables)
 12 Months Ended
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