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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Real estate investments    
Land $ 513,074 $ 511,482
Buildings and equipment 1,555,731 1,543,837
Construction in progress 151,699 69,477
Total purchase price 2,220,504 2,124,796
Accumulated depreciation (617,984) (607,706)
Real estate investments, net 1,602,520 1,517,090
Cash and cash equivalents 14,554 26,856
Accounts receivable and accrued income, net 62,645 64,917
Deferred leasing costs, net 26,169 26,872
Finance lease right-of-use asset 19,362 0
Other assets 9,006 9,837
Total assets 1,734,256 1,645,572
Liabilities    
Notes payable 814,268 827,603
Construction loan payable 146,551 144,607
Revolving credit facility payable 103,548 103,913
Term loan facility payable 74,816 74,791
Accounts payable, accrued expenses and other liabilities 27,464 24,384
Deferred income 24,812 23,293
Dividends and distributions payable 19,510 19,448
Finance lease liability 19,425 0
Total liabilities 1,230,394 1,218,039
Equity    
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,573,804 and 23,476,626 shares issued and outstanding, respectively 236 235
Additional paid-in capital 423,787 420,625
Partnership units in escrow 79,300 0
Distributions in excess of accumulated earnings (246,559) (241,535)
Total Saul Centers, Inc. equity 441,764 364,325
Noncontrolling interests 62,098 63,208
Total equity 503,862 427,533
Total liabilities and equity 1,734,256 1,645,572
Series D Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized: Series D Cumulative Redeemable, 33,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 shares issued and outstanding respectively 75,000 75,000
Series E Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized: Series D Cumulative Redeemable, 33,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 shares issued and outstanding respectively $ 110,000 $ 110,000