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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate investments    
Land $ 501,787 $ 511,529
Buildings and equipment 1,608,995 1,595,023
Construction in progress 653,176 514,553
Real estate investments 2,763,958 2,621,105
Accumulated depreciation (758,105) (729,470)
Total real estate investments, net 2,005,853 1,891,635
Cash and cash equivalents 7,197 8,407
Accounts receivable and accrued income, net 59,824 56,032
Deferred leasing costs, net 25,474 23,728
Other assets 14,676 14,335
Total assets 2,113,024 1,994,137
Liabilities    
Mortgage notes payable, net 1,027,386 935,451
Revolving credit facility payable, net 187,296 274,715
Term loan facility payable, net 99,642 99,530
Construction loans payable, net 178,558 77,305
Accounts payable, accrued expenses and other liabilities 59,211 57,022
Deferred income 28,889 22,748
Dividends and distributions payable 23,358 22,937
Total liabilities 1,604,340 1,489,708
Equity    
Common stock, $0.01 par value, 50,000,000 and 40,000,000 shares authorized, respectively, 24,279,719 and 24,082,887 shares issued and outstanding, respectively 241 241
Additional paid-in capital 453,074 449,959
Distributions in excess of accumulated earnings (297,498) (288,825)
Accumulated other comprehensive income 1,029 2,014
Total Saul Centers, Inc. equity 341,846 348,389
Noncontrolling interests 166,838 156,040
Total equity 508,684 504,429
Total liabilities and equity 2,113,024 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