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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate investments    
Land $ 511,529 $ 511,529
Buildings and equipment 1,583,705 1,576,924
Construction in progress 365,612 319,683
Total purchase price 2,460,846 2,408,136
Accumulated depreciation (698,597) (688,475)
Real estate investments, net 1,762,249 1,719,661
Cash and cash equivalents 11,812 13,279
Accounts receivable and accrued income, net 52,614 56,323
Deferred leasing costs, net 22,855 22,388
Other assets 18,475 21,651
Total assets 1,868,005 1,833,302
Liabilities    
Notes payable, net 959,395 961,577
Revolving credit facility payable, net 192,134 161,941
Term loan facility payable, net 99,419 99,382
Accounts payable, accrued expenses and other liabilities 55,790 42,978
Deferred income 22,970 23,169
Dividends and distributions payable 22,462 22,453
Total liabilities 1,352,170 1,311,500
Equity    
Common stock, $0.01 par value, 40,000,000 shares authorized, 24,029,935 and 24,016,009 shares issued and outstanding, respectively 240 240
Additional paid-in capital 447,134 446,301
Partnership units in escrow 39,650 39,650
Distributions in excess of accumulated earnings (277,020) (273,559)
Accumulated other comprehensive income 1,402 2,852
Total Saul Centers, Inc. equity 396,406 400,484
Noncontrolling interests 119,429 121,318
Total equity 515,835 521,802
Total liabilities and equity 1,868,005 1,833,302
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