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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Business Segments
SAUL CENTERS, INC.
Notes to Consolidated Financial Statements
(In thousands)
Shopping
 
Mixed-Use
 
Corporate
 
Consolidated
As of or for the year ended December 31, 2018
Centers
 
Properties
 
and Other
 
Totals
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
164,671

 
$
63,233

 
$
—

 
$
227,904

Expenses
(34,970
)
 
(21,293
)
 
—

 
(56,263
)
Income from real estate
129,701

 
41,940

 
—

 
171,641

Other revenue
—

 
—

 
272

 
272

Interest expense and amortization of deferred debt costs
—

 
—

 
(45,040
)
 
(45,040
)
General and administrative
—

 
—

 
(18,459
)
 
(18,459
)
Depreciation and amortization of deferred leasing costs
(29,251
)
 
(16,610
)
 
—

 
(45,861
)
Change in fair value of derivatives
—

 
—

 
(3
)
 
(3
)
Gain on sale of property
509

 
—

 
—

 
509

Net income (loss)
$
100,959

 
$
25,330

 
$
(63,230
)
 
$
63,059

Capital investment
$
13,485

 
$
115,165

 
$
—

 
$
128,650

Total assets
$
971,321

 
$
537,500

 
$
18,668

 
$
1,527,489

 
 
 
 
 
 
 
 
As of or for the year ended December 31, 2017
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
165,853

 
$
61,352

 
$
—

 
$
227,205

Expenses
(34,675
)
 
(20,917
)
 
—

 
(55,592
)
Income from real estate
131,178

 
40,435

 
—

 
171,613

Other revenue
—

 
—

 
80

 
80

Interest expense and amortization of deferred debt costs
—

 
—

 
(47,225
)
 
(47,225
)
General and administrative
—

 
—

 
(18,176
)
 
(18,176
)
Depreciation and amortization of deferred leasing costs
(29,977
)
 
(15,717
)
 
—

 
(45,694
)
Change in fair value of derivatives
—

 
—

 
70

 
70

Net income (loss)
$
101,201

 
$
24,718

 
$
(65,251
)
 
$
60,668

Capital investment
$
90,896

 
$
29,098

 
$
—

 
$
119,994

Total assets
$
974,061

 
$
438,283

 
$
10,108

 
$
1,422,452

 
 
 
 
 
 
 
 
As of or for the year ended December 31, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
160,179

 
$
56,840

 
$
—

 
$
217,019

Expenses
(34,931
)
 
(18,770
)
 
—

 
(53,701
)
Income from real estate
125,248

 
38,070

 
—

 
163,318

Other revenue
—

 
—

 
51

 
51

Interest expense and amortization of deferred debt costs
—

 
—

 
(45,683
)
 
(45,683
)
General and administrative
—

 
—

 
(17,496
)
 
(17,496
)
Depreciation and amortization of deferred leasing costs
(29,964
)
 
(14,453
)
 
—

 
(44,417
)
Acquisition related costs
(60
)
 
—

 
—

 
(60
)
Change in fair value of derivatives
—

 
—

 
(6
)
 
(6
)
Gain on sale of property
—

 
1,013

 
—

 
1,013

Net income (loss)
$
95,224

 
$
24,630

 
$
(63,134
)
 
$
56,720

Capital investment
$
64,044

 
$
27,001

 
$
—

 
$
91,045

Total assets
$
976,545

 
$
358,419

 
$
8,061

 
$
1,343,025