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v3.19.3

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Revenue |  |  |  |
Rental revenue | $ 55,487 | $ 55,733 | $ 168,242 | $ 165,693
Other | 1,565 | 1,177 | 6,701 | 3,407
Total revenue | 57,052 | 56,910 | 174,943 | 169,100
Expenses |  |  |  |
Property operating expenses | 7,525 | 6,910 | 22,641 | 20,766
Real estate taxes | 7,114 | 6,937 | 21,081 | 20,559
Interest expense, net and amortization of deferred debt costs | 10,325 | 10,974 | 32,185 | 33,568
Depreciation and amortization of deferred leasing costs | 12,018 | 11,256 | 35,185 | 33,956
General and administrative | 4,742 | 4,141 | 14,696 | 13,208
Total expenses | 41,724 | 40,218 | 125,788 | 122,057
Change in fair value of derivatives | 0 | 10 | 0 | (2)
Gain on sale of property | 0 | 0 | 0 | 509
Net Income | 15,328 | 16,702 | 49,155 | 47,550
Noncontrolling interests |  |  |  |
Income attributable to noncontrolling interests | (3,102) | (3,547) | (10,250) | (9,265)
Net income attributable to Saul Centers, Inc. | 12,226 | 13,155 | 38,905 | 38,285
Extinguishment of issuance costs upon redemption of preferred shares | 0 | 0 | 0 | (2,328)
Preferred stock dividends | (3,210) | (2,953) | (9,116) | (9,309)
Net income available to common stockholders | $ 9,016 | $ 10,202 | $ 29,789 | $ 26,648
Per share net income available to common stockholders |  |  |  |
Basic and diluted (in usd per share) | $ 0.39 | $ 0.45 | $ 1.30 | $ 1.19
Dividends declared per common share outstanding (in usd per share) | $ 0.53 | $ 0.52 | $ 1.59 | $ 1.56

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