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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate investments    
Land $ 511,529 $ 511,529
Buildings and equipment 1,573,896 1,566,686
Construction in progress 260,141 205,911
Total purchase price 2,345,566 2,284,126
Accumulated depreciation (671,754) (650,113)
Real estate investments, net 1,673,812 1,634,013
Cash and cash equivalents 11,167 14,594
Accounts receivable and accrued income, net 55,543 58,659
Deferred leasing costs, net 22,770 24,005
Other assets 19,194 15,490
Total assets 1,782,486 1,746,761
Liabilities    
Notes payable, net 888,404 941,456
Revolving credit facility payable, net 177,554 103,167
Term loan facility payable, net 99,307 99,233
Accounts payable, accrued expenses and other liabilities 42,002 25,558
Deferred income 22,751 25,188
Dividends and distributions payable 22,437 21,672
Total liabilities 1,252,455 1,216,274
Equity    
Common stock, $0.01 par value, 42,000,000 shares authorized, 23,987,778 and 23,840,471 shares issued and outstanding, respectively 240 238
Additional paid-in capital 444,496 436,609
Partnership units in escrow 39,650 39,650
Distributions in excess of accumulated earnings (263,444) (256,448)
Total Saul Centers, Inc. equity 405,942 405,049
Noncontrolling interests 124,089 125,438
Total equity 530,031 530,487
Total liabilities and equity 1,782,486 1,746,761
Series D Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized: Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 shares issued and outstanding 75,000 75,000
Series E Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized: Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 shares issued and outstanding $ 110,000 $ 110,000