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v3.20.4

Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of 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, 2020 | Centers |  | Properties |  | and Other |  | Totals
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 161,854 |  |  | $ | 63,353 |  |  | $ | — |  |  | $ | 225,207 |
Expenses | (35,198) |  |  | (23,219) |  |  | — |  |  | (58,417) |
Income from real estate | 126,656 |  |  | 40,134 |  |  | — |  |  | 166,790 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (46,519) |  |  | (46,519) |
General and administrative | — |  |  | — |  |  | (19,107) |  |  | (19,107) |
Depreciation and amortization of deferred leasing costs | (30,891) |  |  | (20,235) |  |  | — |  |  | (51,126) |
Gain on sale of property | 278 |  |  | — |  |  | — |  |  | 278 |
Net income (loss) | $ | 96,043 |  |  | $ | 19,899 |  |  | $ | (65,626) |  |  | $ | 50,316 |
Capital investment | $ | 15,203 |  |  | $ | 40,965 |  |  | $ | — |  |  | $ | 56,168 |
Total assets | $ | 975,195 |  |  | $ | 643,503 |  |  | $ | 26,874 |  |  | $ | 1,645,572 |
As of or for the year ended December 31, 2019 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 167,888 |  |  | $ | 63,637 |  |  | $ | — |  |  | $ | 231,525 |
Expenses | (36,119) |  |  | (21,814) |  |  | — |  |  | (57,933) |
Income from real estate | 131,769 |  |  | 41,823 |  |  | — |  |  | 173,592 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (41,834) |  |  | (41,834) |
General and administrative | — |  |  | — |  |  | (20,793) |  |  | (20,793) |
Depreciation and amortization of deferred leasing costs | (29,112) |  |  | (17,221) |  |  | — |  |  | (46,333) |
Change in fair value of derivatives | — |  |  | — |  |  | (436) |  |  | (436) |
Net income (loss) | $ | 102,657 |  |  | $ | 24,602 |  |  | $ | (63,063) |  |  | $ | 64,196 |
Capital investment | $ | 33,968 |  |  | $ | 101,695 |  |  | $ | — |  |  | $ | 135,663 |
Total assets | $ | 980,096 |  |  | $ | 625,183 |  |  | $ | 13,061 |  |  | $ | 1,618,340 |
As of or for the year ended December 31, 2018 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 164,344 |  |  | $ | 62,875 |  |  | $ | — |  |  | $ | 227,219 |
Expenses | (34,643) |  |  | (20,935) |  |  | — |  |  | (55,578) |
Income from real estate | 129,701 |  |  | 41,940 |  |  | — |  |  | 171,641 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (44,768) |  |  | (44,768) |
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 |

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