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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Property revenue        
Base rent $ 46,189 $ 45,385 $ 137,999 $ 135,436
Percentage rent 119 67 786 968
Total property revenue 57,011 56,228 169,630 170,579
Property expenses        
Operating income 16,692 14,386 47,043 46,182
Other revenue 48 9 218 31
Other expenses        
Interest expense and amortization of deferred debt costs 11,022 11,821 33,786 35,585
Depreciation and amortization of deferred leasing costs 11,256 11,363 33,956 34,396
General and administrative 4,141 4,363 13,208 13,178
Change in fair value of derivatives 10 (1) (2) (2)
Gain on sale of property 0 0 509 0
Net income (loss) 16,702 14,385 47,550 46,180
Noncontrolling interests        
Income attributable to noncontrolling interests (3,547) (2,902) (9,265) (9,483)
Net income attributable to Saul Centers, Inc. 13,155 11,483 38,285 36,697
Extinguishment of issuance costs upon redemption of preferred shares 0 0 (2,328) 0
Preferred stock dividends (2,953) (3,093) (9,309) (9,281)
Net income available to common stockholders $ 10,202 $ 8,390 $ 26,648 $ 27,416
Per share net income available to common stockholders        
Basic and diluted (in usd per share) $ 0.45 $ 0.38 $ 1.19 $ 1.25
Dividends declared per common share outstanding (in usd per share) $ 0.52 $ 0.51 $ 1.56 $ 1.53
Property revenue, Expense recoveries        
Property revenue        
Expense recoveries $ 9,209 $ 9,447 $ 26,582 $ 26,378
Property revenue, Other        
Property revenue        
Other 1,494 1,329 4,263 7,797
Property expenses        
Property expenses        
Property operating expenses 6,910 7,418 20,766 20,543
Provision for credit losses 101 52 530 602
Real estate taxes 6,937 6,834 20,559 20,124
Operating expenses 13,948 14,304 41,855 41,269
Operating income 43,063 41,924 127,775 129,310
Other expenses        
Property expenses        
Operating expenses $ 26,419 $ 27,547 $ 80,950 $ 83,159