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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Limited Partner
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Total Saul Centers, Inc.
Total Saul Centers, Inc.
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Total Saul Centers, Inc.
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Preferred Stock
Common Stock
Additional Paid-in Capital
Partnership Units in Escrow
Distributions in Excess of Accumulated Earnings
Distributions in Excess of Accumulated Earnings
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Distributions in Excess of Accumulated Earnings
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Accumulated Other Comprehensive Income
Noncontrolling Interests
Noncontrolling Interests
Limited Partner
Beginning Balance at Dec. 31, 2022 $ 521,802       $ 400,484     $ 185,000 $ 240 $ 446,301 $ 39,650 $ (273,559)     $ 2,852 $ 121,318  
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 543       543         543              
Shares due to share grants, exercise of stock options and issuance of directors’ deferred stock 290       290         290              
Net income 17,663       13,502             13,502       4,161  
Change in unrealized gain on cash flow hedge (2,014)       (1,450)                   (1,450) (564)  
Distributions payable preferred stock:                                  
Preferred stock distributions     $ (1,148) $ (1,650)   $ (1,148) $ (1,650)           $ (1,148) $ (1,650)      
Distributions payable, common stock and partnership units (19,651)       (14,165)             (14,165)       (5,486)  
Ending Balance at Mar. 31, 2023 515,835       396,406     185,000 240 447,134 39,650 (277,020)     1,402 119,429  
Beginning Balance at Dec. 31, 2023 504,429       348,389     185,000 241 449,959 0 (288,825)     2,014 156,040  
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 603 $ 11,741     603         603             $ 11,741
Shares due to share grants, exercise of stock options and issuance of directors’ deferred stock 219       219         219              
Net income 18,263       13,630             13,630       4,633  
Change in unrealized gain on cash flow hedge 1,804       1,264                   1,264 540  
Distributions payable preferred stock:                                  
Preferred stock distributions     $ (1,148) $ (1,650)   $ (1,148) $ (1,650)           $ (1,148) $ (1,650)      
Distributions payable, common stock and partnership units (20,330)       (14,220)             (14,220)       (6,110)  
Ending Balance at Mar. 31, 2024 $ 513,931       $ 347,087     $ 185,000 $ 241 $ 450,781 $ 0 $ (292,213)     $ 3,278 $ 166,844