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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Rental revenue $ 63,695 $ 62,002 $ 128,994 $ 123,830
Other 3,248 1,707 4,641 2,928
Total revenue 66,943 63,709 133,635 126,758
Expenses        
Property operating expenses 9,656 8,997 20,201 17,783
Real estate taxes 7,608 7,453 15,232 14,948
Interest expense, net and amortization of deferred debt costs 12,267 12,278 24,715 24,099
Depreciation and amortization of deferred leasing costs 12,001 12,114 24,030 24,130
General and administrative 6,102 5,678 11,885 10,946
Total expenses 47,634 46,520 96,063 91,906
Gain on disposition of property 181 0 181 0
Net Income 19,490 17,189 37,753 34,852
Noncontrolling interests        
Income attributable to noncontrolling interests (5,042) (4,027) (9,675) (8,188)
Net income attributable to Saul Centers, Inc. 14,448 13,162 28,078 26,664
Preferred stock dividends (2,799) (2,799) (5,597) (5,597)
Net income available to common stockholders $ 11,649 $ 10,363 $ 22,481 $ 21,067
Per share net income available to common stockholders        
Basic (in USD per share) $ 0.48 $ 0.43 $ 0.93 $ 0.88
Diluted (in USD per share) $ 0.48 $ 0.43 $ 0.93 $ 0.88