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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Rental revenue $ 220,281 $ 223,352 $ 221,734
Other 4,926 8,173 5,485
Total revenue 225,207 231,525 227,219
Expenses      
Property operating expenses 28,857 29,946 28,202
Real estate taxes 29,560 27,987 27,376
Interest expense, net and amortization of deferred debt costs 46,519 41,834 44,768
Depreciation and amortization of deferred leasing costs 51,126 46,333 45,861
General and administrative 19,107 20,793 18,459
Total expenses 175,169 166,893 164,666
Change in fair value of derivatives 0 (436) (3)
Gains on sales of properties 278 0 509
Net income (loss) 50,316 64,196 63,059
Income attributable to noncontrolling interests (9,934) (12,473) (12,505)
Net income attributable to Saul Centers, Inc. 40,382 51,723 50,554
Preferred stock dividends (11,194) (12,235) (12,262)
Extinguishment of issuance costs upon redemption of preferred shares 0 (3,235) (2,328)
Net income available to common stockholders $ 29,188 $ 36,253 $ 35,964
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.25 $ 1.58 $ 1.61
Diluted (in usd per share) $ 1.25 $ 1.57 $ 1.60