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v3.8.0.1

Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Revenue |  |  |  |
Base rent | $ 45,385 | $ 43,151 | $ 135,436 | $ 128,338
Expense recoveries | 9,447 | 8,561 | 26,378 | 26,011
Percentage rent | 67 | 57 | 968 | 1,016
Other | 1,338 | 1,464 | 7,828 | 7,504
Total revenue | 56,237 | 53,233 | 170,610 | 162,869
Operating expenses |  |  |  |
Property operating expenses | 7,418 | 6,685 | 20,543 | 20,740
Provision for credit losses | 52 | 391 | 602 | 1,207
Real estate taxes | 6,834 | 6,195 | 20,124 | 18,266
Interest expense and amortization of deferred debt costs | 11,821 | 11,524 | 35,585 | 34,268
Depreciation and amortization of deferred leasing costs | 11,363 | 11,626 | 34,396 | 33,478
General and administrative | 4,363 | 4,033 | 13,178 | 12,500
Acquisition related costs | 0 | 57 | 0 | 57
Total operating expenses | 41,851 | 40,511 | 124,428 | 120,516
Operating income | 14,386 | 12,722 | 46,182 | 42,353
Change in fair value of derivatives | (1) | 1 | (2) | (9)
Net income (loss) | 14,385 | 12,723 | 46,180 | 42,344
Noncontrolling interests |  |  |  |
Income attributable to noncontrolling interests | (2,902) | (2,484) | (9,483) | (8,530)
Net income attributable to Saul Centers, Inc. | 11,483 | 10,239 | 36,697 | 33,814
Preferred stock dividends | (3,093) | (3,093) | (9,281) | (9,281)
Net income attributable to common stockholders | $ 8,390 | $ 7,146 | $ 27,416 | $ 24,533
Per share net income attributable to common stockholders |  |  |  |
Basic and diluted (in usd per share) | $ 0.38 | $ 0.33 | $ 1.25 | $ 1.14
Dividends declared per common share outstanding (in usd per share) | $ 0.51 | $ 0.47 | $ 1.53 | $ 1.41

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