XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Rental revenue $ 65,550 $ 62,369 $ 194,544 $ 186,199
Other 1,738 1,397 6,379 4,325
Total revenue 67,288 63,766 200,923 190,524
Expenses        
Property operating expenses 10,111 9,720 30,312 27,502
Real estate taxes 7,620 7,641 22,852 22,589
Interest expense, net and amortization of deferred debt costs 12,213 12,419 36,928 36,518
Depreciation and amortization of deferred leasing costs 12,072 12,096 36,102 36,227
General and administrative 5,680 5,179 17,565 16,125
Total expenses 47,696 47,055 143,759 138,961
Gain on disposition of property 0 0 181 0
Net Income 19,592 16,711 57,345 51,563
Noncontrolling interests        
Income attributable to noncontrolling interests (5,111) (3,892) (14,786) (12,080)
Net income attributable to Saul Centers, Inc. 14,481 12,819 42,559 39,483
Preferred stock dividends (2,798) (2,798) (8,395) (8,395)
Net income available to common stockholders $ 11,683 $ 10,021 $ 34,164 $ 31,088
Per share net income available to common stockholders        
Basic (in USD per share) $ 0.48 $ 0.42 $ 1.42 $ 1.29
Diluted (in USD per share) $ 0.48 $ 0.42 $ 1.42 $ 1.29