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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate investments    
Land $ 562,857 $ 562,047
Buildings and equipment 1,916,504 1,903,907
Construction in progress 337,446 326,193
Real estate investments 2,816,807 2,792,147
Accumulated depreciation (779,214) (767,842)
Total real estate investments, net 2,037,593 2,024,305
Cash and cash equivalents 6,492 10,299
Accounts receivable and accrued income, net 50,674 50,949
Deferred leasing costs, net 26,119 25,907
Other assets 10,608 14,944
Total assets 2,131,486 2,126,404
Liabilities    
Mortgage notes payable, net 1,039,328 1,047,832
Revolving credit facility payable, net 195,683 186,489
Term loan facility payable, net 99,716 99,679
Construction loans payable, net 209,872 198,616
Accounts payable, accrued expenses and other liabilities 51,407 46,162
Deferred income 20,161 23,033
Dividends and distributions payable 23,583 23,469
Total liabilities 1,639,750 1,625,280
Equity    
Common stock, $0.01 par value, 50,000,000 shares authorized, 24,318,414 and 24,302,576 shares issued and outstanding, respectively 243 243
Additional paid-in capital 455,112 454,086
Distributions in excess of accumulated earnings (313,879) (306,541)
Accumulated other comprehensive income 1,891 2,966
Total Saul Centers, Inc. equity 328,367 335,754
Noncontrolling interests 163,369 165,370
Total equity 491,736 501,124
Total liabilities and equity $ 2,131,486 $ 2,126,404
Common stock, shares authorized 50,000,000,000 50,000,000,000
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