XML 26 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Rental revenue $ 261,178 $ 249,057 $ 240,837
Other 7,669 8,150 5,023
Total revenue 268,847 257,207 245,860
Expenses      
Property operating expenses 41,719 37,489 35,934
Real estate taxes 30,342 29,650 28,588
Interest expense, net and amortization of deferred debt costs 53,696 49,153 43,937
Depreciation and amortization of deferred leasing costs 50,502 48,430 48,969
General and administrative 25,066 23,459 22,392
Loss on early extinguishment of debt 0 0 648
Total expenses 201,325 188,181 180,468
Gain on disposition of property 181 0 0
Net income (loss) 67,703 69,026 65,392
Income attributable to noncontrolling interests (17,054) (16,337) (15,198)
Net income attributable to Saul Centers, Inc. 50,649 52,689 50,194
Preferred stock dividends (11,194) (11,194) (11,194)
Net income available to common stockholders $ 39,455 $ 41,495 $ 39,000
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.64 $ 1.73 $ 1.63
Diluted (in usd per share) $ 1.63 $ 1.73 $ 1.63