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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Real estate investments    
Land $ 488,918 $ 450,256
Buildings and equipment 1,273,275 1,261,830
Construction in progress 185,972 91,114
Total Purchase Price 1,948,165 1,803,200
Accumulated depreciation (525,518) (488,166)
Book Value 1,422,647 1,315,034
Cash and cash equivalents 14,578 10,908
Accounts receivable and accrued income, net 53,876 54,057
Deferred leasing costs, net 28,083 27,255
Prepaid expenses, net 5,175 5,248
Other assets 3,130 9,950
Total assets 1,527,489 1,422,452
Liabilities    
Mortgage notes payable 880,271 897,888
Term loan facility payable 74,591 0
Revolving credit facility payable 45,329 60,734
Construction loan payable 21,655 0
Dividends and distributions payable 19,153 18,520
Accounts payable, accrued expenses and other liabilities 32,419 23,123
Deferred income 28,851 29,084
Total liabilities 1,102,269 1,029,349
Equity    
Common stock, $0.01 par value, 40,000,000 shares authorized, 22,739,207 and 22,123,128 shares issued and outstanding, respectively 227 221
Additional paid-in capital 384,533 352,590
Distributions in excess of accumulated earnings (208,593) (197,710)
Accumulated other comprehensive loss (255) (696)
Total Saul Centers, Inc. equity 355,912 334,405
Noncontrolling interests 69,308 58,698
Total equity 425,220 393,103
Total liabilities and equity 1,527,489 1,422,452
Series C Cumulative 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 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 $ 75,000 $ 0