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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Business Segments |
SAUL CENTERS, INC. Notes to Consolidated Financial Statements |
(In thousands) | Shopping |  | Mixed-Use |  | Corporate |  | Consolidated |
As of or for the year ended December 31, 2023 | Centers |  | Properties |  | and Other |  | Totals |
Real estate rental operations: |  |  |  |  |  |  |  |
Revenue | $ | 179,350 |  |  | $ | 77,857 |  |  | $ | — |  |  | $ | 257,207 |  |
Expenses | (38,484) |  |  | (28,655) |  |  | — |  |  | (67,139) |  |
Income from real estate | 140,866 |  |  | 49,202 |  |  | — |  |  | 190,068 |  |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (49,153) |  |  | (49,153) |  |
Depreciation and amortization of deferred leasing costs | (28,526) |  |  | (19,904) |  |  | — |  |  | (48,430) |  |
General and administrative | — |  |  | — |  |  | (23,459) |  |  | (23,459) |  |
Net income (loss) | $ | 112,340 |  |  | $ | 29,298 |  |  | $ | (72,612) |  |  | $ | 69,026 |  |
Capital investment | $ | 16,491 |  |  | $ | 187,190 |  |  | $ | — |  |  | $ | 203,681 |  |
Total assets | $ | 918,089 |  |  | $ | 1,057,332 |  |  | $ | 18,716 |  |  | $ | 1,994,137 |  |
As of or for the year ended December 31, 2022 |  |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |  |
Revenue | $ | 172,055 |  |  | $ | 73,805 |  |  | $ | — |  |  | $ | 245,860 |  |
Expenses | (36,895) |  |  | (27,627) |  |  | — |  |  | (64,522) |  |
Income from real estate | 135,160 |  |  | 46,178 |  |  | — |  |  | 181,338 |  |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (43,937) |  |  | (43,937) |  |
Depreciation and amortization of deferred leasing costs | (28,359) |  |  | (20,610) |  |  | — |  |  | (48,969) |  |
General and administrative | — |  |  | — |  |  | (22,392) |  |  | (22,392) |  |
Loss on early extinguishment of debt | — |  |  | — |  |  | (648) |  |  | (648) |  |
Net income (loss) | $ | 106,801 |  |  | $ | 25,568 |  |  | $ | (66,977) |  |  | $ | 65,392 |  |
Capital investment | $ | 8,412 |  |  | $ | 108,476 |  |  | $ | — |  |  | $ | 116,888 |  |
Total assets | $ | 928,071 |  |  | $ | 885,500 |  |  | $ | 19,731 |  |  | $ | 1,833,302 |  |
As of or for the year ended December 31, 2021 |  |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |  |
Revenue | $ | 169,681 |  |  | $ | 69,544 |  |  | $ | — |  |  | $ | 239,225 |  |
Expenses | (35,784) |  |  | (25,844) |  |  | — |  |  | (61,628) |  |
Income from real estate | 133,897 |  |  | 43,700 |  |  | — |  |  | 177,597 |  |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (45,424) |  |  | (45,424) |  |
Depreciation and amortization of deferred leasing costs | (28,843) |  |  | (21,429) |  |  | — |  |  | (50,272) |  |
General and administrative | — |  |  | — |  |  | (20,252) |  |  | (20,252) |  |
Net income (loss) | $ | 105,054 |  |  | $ | 22,271 |  |  | $ | (65,676) |  |  | $ | 61,649 |  |
Capital investment | $ | 12,673 |  |  | $ | 43,245 |  |  | $ | — |  |  | $ | 55,918 |  |
Total assets | $ | 946,993 |  |  | $ | 777,709 |  |  | $ | 22,059 |  |  | $ | 1,746,761 |  |

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