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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