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Business Segments
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTSThe Company has two reportable business segments: Shopping Centers and Mixed-Use Properties. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates performance based upon income and cash flows from real estate for the combined properties in each segment. All of our properties within each segment generate similar types of revenues and expenses related to tenant rent, reimbursements and operating expenses. Although services are provided to a range of tenants, the types of services provided to them are similar within each segment. The properties in each portfolio have similar economic characteristics and the nature of the products and services provided to our tenants and the method to distribute such services are consistent throughout the portfolio. Certain reclassifications have been made to prior year information to conform to the 2021 presentation.
SAUL CENTERS, INC.
Notes to Consolidated Financial Statements
(In thousands)ShoppingMixed-UseCorporateConsolidated
As of or for the year ended December 31, 2021CentersPropertiesand OtherTotals
Real estate rental operations:
Revenue$169,681 $69,544 $— $239,225 
Expenses(35,784)(25,844)— (61,628)
Income from real estate133,897 43,700 — 177,597 
Interest expense, net and amortization of deferred debt costs— — (45,424)(45,424)
General and administrative— — (20,252)(20,252)
Depreciation and amortization of deferred leasing costs(28,843)(21,429)— (50,272)
Net income (loss)$105,054 $22,271 $(65,676)$61,649 
Capital investment$12,639 $43,233 $— $55,872 
Total assets$946,993 $777,709 $22,059 $1,746,761 
As of or for the year ended December 31, 2020    
Real estate rental operations:
Revenue$161,854 $63,353 $— $225,207 
Expenses(35,198)(23,219)— (58,417)
Income from real estate126,656 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 property278 — — 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 estate131,769 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 $24,602 24602000$(63,063)$64,196 
Capital investment$33,968 $101,695 $— $135,663 
Total assets$980,096 $625,183 $13,061 $1,618,340