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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Property revenue      
Base rent $ 184,684 $ 181,141 $ 172,381
Expense recoveries 35,500 35,300 34,300
Percentage rent 994 1,458 1,379
Total property revenue 227,904 227,205 217,019
Property expenses      
Operating income 62,553 60,598 55,713
Other revenue 272 80 51
Interest expense and amortization of deferred debt costs 45,040 47,225 45,683
Depreciation and amortization of deferred leasing costs 45,861 45,694 44,417
General and administrative 18,459 18,176 17,496
Acquisition related costs 0 0 60
Change in fair value of derivatives (3) 70 (6)
Gains on sale of property 509 0 1,013
Net income (loss) 63,059 60,668 56,720
Income attributable to noncontrolling interests (12,505) (12,411) (11,441)
Net income attributable to Saul Centers, Inc. 50,554 48,257 45,279
Extinguishment of issuance costs upon redemption of preferred shares (2,328) 0 0
Preferred stock dividends (12,262) (12,375) (12,375)
Net income available to common stockholders $ 35,964 $ 35,882 $ 32,904
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.61 $ 1.64 $ 1.53
Diluted (in usd per share) $ 1.60 $ 1.63 $ 1.52
Expense recoveries      
Property revenue      
Expense recoveries $ 35,537 $ 35,347 $ 34,269
Other      
Property revenue      
Other 6,689 9,259 8,990
Property expenses      
Property expenses      
Property operating expenses 28,202 27,689 27,527
Provision for credit losses 685 906 1,494
Real estate taxes 27,376 26,997 24,680
Total property expenses 56,263 55,592 53,701
Operating income 171,641 171,613 163,318
Total other expenses      
Property expenses      
Total property expenses $ 109,360 $ 111,095 $ 107,656