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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue      
Base rent $ 168,303 $ 164,599 $ 159,898
Expense recoveries 32,911 32,132 30,949
Percentage rent 1,608 1,492 1,575
Other 6,255 8,869 5,475
Total revenue 209,077 207,092 197,897
Operating expenses      
Property operating expenses 26,565 26,479 24,559
Provision for credit losses 915 680 968
Real estate taxes 23,663 22,354 22,415
Interest expense and amortization of deferred debt costs 45,165 46,034 46,589
Depreciation and amortization of deferred leasing costs 43,270 41,203 49,130
General and administrative 16,353 16,961 14,951
Acquisition related costs 84 949 106
Predevelopment expenses 132 503 3,910
Total operating expenses 156,147 155,163 162,628
Operating income 52,930 51,929 35,269
Change in fair value of derivatives (10) (10) (7)
Loss on early extinguishment of debt 0 0 (497)
Gains on sales of properties 11 6,069 0
Gain on casualty settlement 0 0 77
Net Income (loss) 52,931 57,988 34,842
Income attributable to noncontrolling interests (10,463) (11,045) (3,970)
Net income attributable to Saul Centers, Inc. 42,468 46,943 30,872
Preferred stock redemption 0 (1,480) (5,228)
Preferred dividends (12,375) (13,361) (13,983)
Net income available to common stockholders $ 30,093 $ 32,102 $ 11,661
Per share net income available to common stockholders      
Basic (in dollars per share) $ 1.42 $ 1.55 $ 0.57
Diluted (in dollars per share) $ 1.42 $ 1.54 $ 0.57