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v3.8.0.1

Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Revenue |  |
Base rent | $ 45,867 | $ 44,476
Expense recoveries | 8,771 | 8,594
Percentage rent | 418 | 382
Other | 1,440 | 5,014
Total revenue | 56,496 | 58,466
Operating expenses |  |
Property operating expenses | 7,123 | 6,652
Provision for credit losses | 286 | 343
Real estate taxes | 6,845 | 6,590
Interest expense and amortization of deferred debt costs | 11,526 | 11,864
Depreciation and amortization of deferred leasing costs | 11,349 | 11,342
General and administrative | 4,420 | 4,301
Total operating expenses | 41,549 | 41,092
Operating income | 14,947 | 17,374
Change in fair value of derivatives | 0 | 0
Net income (loss) | 14,947 | 17,374
Noncontrolling interests |  |
Income attributable to noncontrolling interests | (2,359) | (3,670)
Net income attributable to Saul Centers, Inc. | 12,588 | 13,704
Extinguishment of issuance costs upon redemption of preferred shares | (2,328) | 0
Preferred stock dividends | (3,403) | (3,094)
Net income available to common stockholders | $ 6,857 | $ 10,610
Per share net income available to common stockholders |  |
Basic and diluted (in usd per share) | $ 0.31 | $ 0.49
Dividends declared per common share outstanding (in usd per share) | $ 0.52 | $ 0.51

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