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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Real estate investments    
Land $ 484,428 $ 450,256
Buildings and equipment 1,268,120 1,261,830
Construction in progress 161,625 91,114
Real estate investments 1,914,173 1,803,200
Accumulated depreciation (516,568) (488,166)
Real estate investments, net 1,397,605 1,315,034
Cash and cash equivalents 9,771 10,908
Accounts receivable and accrued income, net 55,541 54,057
Deferred leasing costs, net 28,057 27,255
Prepaid expenses, net 9,015 5,248
Other assets 6,149 9,950
Total assets 1,506,138 1,422,452
Liabilities    
Notes payable 861,897 897,888
Revolving credit facility payable 75,200 60,734
Term loan facility payable 74,568 0
Construction loan payable 1,247 0
Dividends and distributions payable 18,722 18,520
Accounts payable, accrued expenses and other liabilities 31,958 23,123
Deferred income 25,747 29,084
Total liabilities 1,089,339 1,029,349
Equity    
Common stock, $0.01 par value, 40,000,000 shares authorized, 22,512,320 and 22,123,128 shares issued and outstanding, respectively 225 221
Additional paid-in capital 373,036 352,590
Distributions in excess of accumulated earnings (205,872) (197,710)
Accumulated other comprehensive loss (156) (696)
Total Saul Centers, Inc. equity 347,233 334,405
Noncontrolling interest 69,566 58,698
Total equity 416,799 393,103
Total liabilities and equity 1,506,138 1,422,452
Series C Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 42,000 and 72,000 shares issued and outstanding, Series D Cumulative Redeemable, 30,000 and 0 shares issued and outstanding respectively 105,000 $ 180,000
Series D Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 42,000 and 72,000 shares issued and outstanding, Series D Cumulative Redeemable, 30,000 and 0 shares issued and outstanding respectively $ 75,000