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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue      
Base rent $ 172,381 $ 168,303 $ 164,599
Expense recoveries 34,269 32,911 32,132
Percentage rent 1,379 1,608 1,492
Other 9,041 6,255 8,869
Total revenue 217,070 209,077 207,092
Operating expenses      
Property operating expenses 27,527 26,565 26,479
Provision for credit losses 1,494 915 680
Real estate taxes 24,680 23,663 22,354
Interest expense and amortization of deferred debt costs 45,683 45,165 46,034
Depreciation and amortization of deferred leasing costs 44,417 43,270 41,203
General and administrative 17,496 16,353 16,961
Acquisition related costs 60 84 949
Predevelopment expenses 0 132 503
Total operating expenses 161,357 156,147 155,163
Operating income 55,713 52,930 51,929
Change in fair value of derivatives (6) (10) (10)
Gains on sales of properties 1,013 11 6,069
Net income (loss) 56,720 52,931 57,988
Income attributable to noncontrolling interests (11,441) (10,463) (11,045)
Net income attributable to Saul Centers, Inc. 45,279 42,468 46,943
Preferred stock redemption 0 0 (1,480)
Preferred dividends (12,375) (12,375) (13,361)
Net income available to common stockholders $ 32,904 $ 30,093 $ 32,102
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.53 $ 1.42 $ 1.55
Diluted (in usd per share) $ 1.52 $ 1.42 $ 1.54