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v3.10.0.1

Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Property revenue |  |  |  |
Base rent | $ 45,943 | $ 45,575 | $ 91,810 | $ 90,051
Expense recoveries | 8,601 | 8,337 | 17,373 | 16,931
Percentage rent | 249 | 519 | 667 | 901
Other | 1,431 | 1,466 | 2,769 | 6,467
Total property revenue | 56,224 | 55,897 | 112,619 | 114,350
Property expenses |  |  |  |
Property operating expenses | 6,732 | 6,473 | 13,856 | 13,125
Provision for credit losses | 143 | 207 | 429 | 550
Real estate taxes | 6,778 | 6,700 | 13,622 | 13,290
Operating income | 15,405 | 14,422 | 30,350 | 31,796
Other revenue | 69 | 10 | 170 | 23
Other expenses |  |  |  |
Interest expense and amortization of deferred debt costs | 11,237 | 11,900 | 22,764 | 23,764
Depreciation and amortization of deferred leasing costs | 11,351 | 11,691 | 22,700 | 23,033
General and administrative | 4,647 | 4,514 | 9,068 | 8,815
Change in fair value of derivatives | (12) | (1) | (12) | (1)
Gain on sale of property | 509 | 0 | 509 | 0
Net income (loss) | 15,902 | 14,421 | 30,847 | 31,795
Noncontrolling interests |  |  |  |
Income attributable to noncontrolling interests | (3,359) | (2,911) | (5,718) | (6,581)
Net income attributable to Saul Centers, Inc. | 12,543 | 11,510 | 25,129 | 25,214
Extinguishment of issuance costs upon redemption of preferred shares | 0 | 0 | (2,328) | 0
Preferred stock dividends | (2,953) | (3,094) | (6,356) | (6,188)
Net income available to common stockholders | $ 9,590 | $ 8,416 | $ 16,445 | $ 19,026
Per share net income available to common stockholders |  |  |  |
Basic and diluted (in usd per share) | $ 0.43 | $ 0.38 | $ 0.74 | $ 0.87
Dividends declared per common share outstanding (in usd per share) | $ 0.52 | $ 0.51 | $ 1.04 | $ 1.02
Property expenses |  |  |  |
Property expenses |  |  |  |
Operating expenses | $ 13,653 | $ 13,380 | $ 27,907 | $ 26,965
Operating income | 42,571 | 42,517 | 84,712 | 87,385
Other expenses |  |  |  |
Property expenses |  |  |  |
Operating expenses | $ 27,235 | $ 28,105 | $ 54,532 | $ 55,612

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