XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Limited Partner
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Total Saul Centers, Inc.
Total Saul Centers, Inc.
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Total Saul Centers, Inc.
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Preferred stock
Common stock
Additional paid-in capital
Retained Earnings
Retained Earnings
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Retained Earnings
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Accumulated other comprehensive income
Noncontrolling interests
Noncontrolling interests
Limited Partner
Beginning balance (in shares) at Dec. 31, 2023               74,000,000                
Beginning balance (in shares) at Dec. 31, 2023                 24,082,887,000              
Beginning Balance at Dec. 31, 2023 $ 504,429       $ 348,389     $ 185,000 $ 241 $ 449,959 $ (288,825)     $ 2,014 $ 156,040  
Issuance of shares of common stock:                                
Pursuant to dividend reinvestment plan (in shares) 16,007,000                              
Pursuant to dividend reinvestment plan $ 603 $ 11,741     603         603           $ 11,741
Due to directors' deferred compensation plan (in shares)                 183,000              
Due to directors' deferred compensation plan 7       7         7            
Share-based compensation expense 212       212         212            
Net income 18,263       13,630           13,630       4,633  
Change in unrealized gain on cash flow hedge 1,804       1,264                 1,264 540  
Distributions payable preferred stock:                                
Preferred stock distributions     $ (1,148) $ (1,650)   $ (1,148) $ (1,650)         $ (1,148) $ (1,650)      
Distributions payable, common stock and partnership units (20,330)       (14,220)           (14,220)       (6,110)  
Ending balance (in shares) at Mar. 31, 2024                 24,099,077,000              
Ending balance (in shares) at Mar. 31, 2024               74,000,000                
Ending Balance at Mar. 31, 2024 513,931       347,087     $ 185,000 $ 241 450,781 (292,213)     3,278 166,844  
Beginning balance (in shares) at Dec. 31, 2023               74,000,000                
Beginning balance (in shares) at Dec. 31, 2023                 24,082,887,000              
Beginning Balance at Dec. 31, 2023 $ 504,429       348,389     $ 185,000 $ 241 449,959 (288,825)     2,014 156,040  
Issuance of shares of common stock:                                
Due to exercise of stock options (in shares) 4,375,000                              
Net income $ 37,753                              
Change in unrealized gain on cash flow hedge 2,027                              
Ending balance (in shares) at Jun. 30, 2024                 24,256,492,000              
Ending balance (in shares) at Jun. 30, 2024               74,000,000                
Ending Balance at Jun. 30, 2024 513,020       345,668     $ 185,000 $ 241 451,845 (294,852)     3,434 167,352  
Beginning balance (in shares) at Mar. 31, 2024               74,000,000                
Beginning balance (in shares) at Mar. 31, 2024                 24,099,077,000              
Beginning Balance at Mar. 31, 2024 513,931       347,087     $ 185,000 $ 241 450,781 (292,213)     3,278 166,844  
Issuance of shares of common stock:                                
Pursuant to dividend reinvestment plan (in shares)   15,099,000                            
Pursuant to dividend reinvestment plan $ 559 $ 1,534     559         559           1,534
Due to exercise of stock options (in shares) 4,375,000                              
Due to exercise of stock options $ 148       148         148            
Due to directors' deferred compensation plan (in shares)                 2,941,000              
Due to directors' deferred compensation plan $ 36       36         36            
Due to restricted stock awards (in shares) 135,000,000                              
Due to restricted stock awards $ 0                              
Share-based compensation expense 321       321         321            
Net income 19,490       14,448           14,448       5,042  
Change in unrealized gain on cash flow hedge 224       156                 156 68  
Distributions payable preferred stock:                                
Preferred stock distributions     $ (1,149) $ (1,650)   (1,149) (1,650)         (1,149) (1,650)      
Distributions payable, common stock and partnership units (20,424)       (14,288)           (14,288)       (6,136)  
Ending balance (in shares) at Jun. 30, 2024                 24,256,492,000              
Ending balance (in shares) at Jun. 30, 2024               74,000,000                
Ending Balance at Jun. 30, 2024 $ 513,020       345,668     $ 185,000 $ 241 451,845 (294,852)     3,434 167,352  
Beginning balance (in shares) at Dec. 31, 2024     30,000 44,000       74,000,000                
Beginning balance (in shares) at Dec. 31, 2024 24,302,576               24,302,576              
Beginning Balance at Dec. 31, 2024 $ 501,124       335,754     $ 185,000 $ 243 454,086 (306,541)     2,966 165,370  
Issuance of shares of common stock:                                
Pursuant to dividend reinvestment plan (in shares)                 16,904              
Pursuant to dividend reinvestment plan 598 1,629     598         598           1,629
Due to directors' deferred compensation plan (in shares)                 934              
Due to directors' deferred compensation plan 36       36         36            
Due to restricted stock awards (forfeitures) (in shares)                 (2,000)              
Share-based compensation expense 392       392         392            
Net income 12,848       9,799           9,799       3,049  
Change in unrealized gain on cash flow hedge (1,543)       (1,075)                 (1,075) (468)  
Distributions payable preferred stock:                                
Preferred stock distributions     $ (1,148) $ (1,650)   (1,148) (1,650)         (1,148) (1,650)      
Distributions payable, common stock and partnership units (20,550)       (14,339)           (14,339)       (6,211)  
Ending balance (in shares) at Mar. 31, 2025                 24,318,414              
Ending balance (in shares) at Mar. 31, 2025               74,000,000                
Ending Balance at Mar. 31, 2025 $ 491,736       328,367     $ 185,000 $ 243 455,112 (313,879)     1,891 163,369  
Beginning balance (in shares) at Dec. 31, 2024     30,000 44,000       74,000,000                
Beginning balance (in shares) at Dec. 31, 2024 24,302,576               24,302,576              
Beginning Balance at Dec. 31, 2024 $ 501,124       335,754     $ 185,000 $ 243 454,086 (306,541)     2,966 165,370  
Issuance of shares of common stock:                                
Due to exercise of stock options (in shares) 0                              
Net income $ 27,029                              
Change in unrealized gain on cash flow hedge $ (2,439)                              
Ending balance (in shares) at Jun. 30, 2025 24,471,554               24,471,554              
Ending balance (in shares) at Jun. 30, 2025     30,000 44,000       74,000,000                
Ending Balance at Jun. 30, 2025 $ 488,274       322,378     $ 185,000 $ 245 456,120 (320,255)     1,268 165,896  
Beginning balance (in shares) at Mar. 31, 2025               74,000,000                
Beginning balance (in shares) at Mar. 31, 2025                 24,318,414              
Beginning Balance at Mar. 31, 2025 $ 491,736       328,367     $ 185,000 $ 243 455,112 (313,879)     1,891 163,369  
Issuance of shares of common stock:                                
Pursuant to dividend reinvestment plan (in shares) 19,040                              
Pursuant to dividend reinvestment plan $ 597 $ 5,656     597         597           $ 5,656
Due to exercise of stock options (in shares) 0                              
Due to directors' deferred compensation plan (in shares)                 1,005              
Due to directors' deferred compensation plan $ 36       36         36            
Due to restricted stock awards (in shares)                 135,636              
Due to restricted stock awards 1       1       $ 2 (1)            
Share-based compensation expense 443       443         443            
Shares redeemed to satisfy withholdings on vested share-based compensation (in shares)                 (2,541)              
Shares redeemed to satisfy withholdings on vested share-based compensation (67)       (67)         (67)            
Net income 14,181       10,720           10,720       3,461  
Change in unrealized gain on cash flow hedge (896)       (623)                 (623) (273)  
Distributions payable preferred stock:                                
Preferred stock distributions     $ (1,149) $ (1,650)   $ (1,149) $ (1,650)         $ (1,149) $ (1,650)      
Distributions payable, common stock and partnership units $ (20,614)       (14,297)           (14,297)       (6,317)  
Ending balance (in shares) at Jun. 30, 2025 24,471,554               24,471,554              
Ending balance (in shares) at Jun. 30, 2025     30,000 44,000       74,000,000                
Ending Balance at Jun. 30, 2025 $ 488,274       $ 322,378     $ 185,000 $ 245 $ 456,120 $ (320,255)     $ 1,268 $ 165,896