SAUL CENTERS, INC.

BFS · XNYS

CIK 907254fmd_0R605Y4ER0SGTYCYDB8DR4MSYQFinance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate

Coverage: Jan 01, 2009 to Sep 30, 2026, 68 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	217	226	227	232	225	239	246	257	269	290
Rental revenue	–	218	222	223	220	235	241	249	261	284
Property operating expenses	28	28	28	30	29	33	36	37	42	52
Cost of revenue	54	55	56	58	58	62	65	67	–	–
Provision for credit losses	1	1	1	1	5	1	(0)	1	1	2
Real estate taxes	25	27	27	28	30	29	29	30	30	32
Gross profit	163	172	172	174	167	178	181	190	–	–
Depreciation and amortization	44	46	46	46	51	50	49	48	51	59
Gain on sale of real estate	1	0	1	0	0	0	0	–	0	–
Total operating expenses	–	166	165	167	–	–	–	–	–	–
Impairment of real estate	–	–	–	–	0	0	0	–	–	–
Funds from operations (NAREIT definition, derived)	89	94	96	98	91	99	99	101	101	96
Operating income	56	61	63	7	–	–	181	189	204	195
Interest expense	47	47	45	42	47	45	44	49	54	71
Net income from continuing operations	–	–	–	–	–	–	–	–	–	–
Net income	45	48	51	52	40	48	50	53	51	38
Net income to common shareholders	33	36	36	36	29	37	39	41	39	26