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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Rental revenue $ 70,679 $ 65,550 $ 210,652 $ 194,544
Other 1,325 1,738 4,042 6,379
Total revenue 72,004 67,288 214,694 200,923
Expenses        
Property operating expenses 12,024 10,111 37,190 30,312
Real estate taxes 8,154 7,620 24,154 22,852
Interest expense, net and amortization of deferred debt costs 17,066 12,213 50,633 36,928
Depreciation and amortization of deferred leasing costs 14,106 12,072 42,727 36,102
General and administrative 6,658 5,680 19,085 17,565
Total expenses 58,008 47,696 173,789 143,759
Gain on disposition of property 0 0 120 181
Net income 13,996 19,592 41,025 57,345
Noncontrolling interests        
Income attributable to noncontrolling interests (3,507) (5,111) (10,017) (14,786)
Net income attributable to Saul Centers, Inc. 10,489 14,481 31,008 42,559
Preferred stock dividends (2,798) (2,798) (8,395) (8,395)
Net income available to common stockholders $ 7,691 $ 11,683 $ 22,613 $ 34,164
Per share net income available to common stockholders        
Basic (in USD per share) $ 0.32 $ 0.48 $ 0.93 $ 1.42
Diluted (in USD per share) $ 0.32 $ 0.48 $ 0.93 $ 1.42