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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate investments    
Land $ 501,787 $ 511,529
Buildings and equipment 1,604,330 1,595,023
Construction in progress 615,166 514,553
Real estate investments 2,721,283 2,621,105
Accumulated depreciation (748,750) (729,470)
Total real estate investments, net 1,972,533 1,891,635
Cash and cash equivalents 6,863 8,407
Accounts receivable and accrued income, net 53,328 56,032
Deferred leasing costs, net 25,834 23,728
Other assets 13,039 14,335
Total assets 2,071,597 1,994,137
Liabilities    
Mortgage notes payable, net 966,132 935,451
Revolving credit facility payable, net 235,102 274,715
Term loan facility payable, net 99,605 99,530
Construction loans payable, net 141,765 77,305
Accounts payable, accrued expenses and other liabilities 72,317 57,022
Deferred income 20,416 22,748
Dividends and distributions payable 23,240 22,937
Total liabilities 1,558,577 1,489,708
Equity    
Common stock, $0.01 par value, 50,000,000 and 40,000,000 shares authorized, respectively, 24,256,492 and 24,082,887 shares issued and outstanding, respectively 241 241
Additional paid-in capital 451,845 449,959
Distributions in excess of accumulated earnings (294,852) (288,825)
Accumulated other comprehensive income 3,434 2,014
Total Saul Centers, Inc. equity 345,668 348,389
Noncontrolling interests 167,352 156,040
Total equity 513,020 504,429
Total liabilities and equity 2,071,597 1,994,137
Series D Cumulative Redeemable, 30,000 shares issued and outstanding    
Equity    
Preferred stock, 1,000,000 shares authorized: 75,000 75,000
Series E Cumulative Redeemable, 44,000 shares issued and outstanding    
Equity    
Preferred stock, 1,000,000 shares authorized: $ 110,000 $ 110,000