BFS

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Saul Centers (NYSE:BFS) recently reported operating results that included the opening of Hampden House, a mixed-use residential and retail property. The launch of Hampden House brought initial start-up costs that affected reported net income for the period. Excluding Hampden House, the company reported improvements in base rents and credit losses across its portfolio. For you as an investor, the key development is that NYSE:BFS is not just reporting another quarter; it is expanding its platform with Hampden House. The project adds a new residential and retail asset to a portfolio that has historically focused on income from operating properties. At the same time, the company pointed to changes in base rents and credit losses that give more color on how its existing centers are performing. Hampden House required upfront spending, so its early impact shows up as a drag on net income rather than a clean lift to results. Over time, investors may watch how occupancy, rent levels, and credit performance at this project compare with the rest of the portfolio. The current update gives you an early look at how Saul Centers is executing on this expansion while managing its ongoing operations. Stay updated on the most important news stories for Saul Centers by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Saul Centers. 📰 Beyond the headline: 2 risks and 3 things going right for Saul Centers that every investor should see. The opening of Hampden House sits at the center of this quarter’s story for Saul Centers. Total revenue was US$78.26 million compared to US$71.86 million a year ago, while net income was US$9.12 million compared to US$9.8 million. Funds from operations, a key REIT metric, came in at US$25.2 million. For you, the key question is how much of the pressure on net income relates to start up costs at Hampden House versus the underlying health of the shopping center and residential portfolio. ⚠️ Profit margins of 9.1% are lower than the 14.7% reported last year, which means earnings are absorbing higher costs even as revenue is higher. ⚠️ Interest payments are not well covered by earnings, so higher financing costs or weaker cash generation could limit f...

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Saul Centers Inc. (BFS) on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $25.2 million, or 71 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $6.3 million, or 26 cents per share. The real estate investment trust involved mostly in shopping malls posted revenue of $78.3 million in the period. The company's shares have increased almost 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.24, an increase of slightly more than 4% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFS at https://www.zacks.com/ap/BFS

BETHESDA, Md., May 7, 2026 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company"), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended March 31, 2026 ("2026 Quarter"). Total revenue for the 2026 Quarter increased to $78.3 million from $71.9 million for the quarter ended March 31, 2025 ("2025 Quarter"). Net income decreased to $12.0 million for the 2026 Quarter from $12.8 million for the 2025 Quarter. On October 1, 2025, the Company opened Hampden House, comprised of 366 apartment units and approximately 10,100 square feet of retail space adjacent to the Bethesda Metro Station in Bethesda, Maryland. As of May 4, 2026, 167 of the 366 (45.6%) residential units were leased and occupied. Visual Comfort & Co. opened for business on March 9, 2026. As of May 4, 2026, including Visual Comfort & Co., approximately 8,600 square feet of the approximately 10,100 (85.1%) square feet of retail space have been leased and the remaining tenant build-out is in progress. Concurrent with the opening of Hampden House on October 1, 2025, interest, real estate taxes, depreciation and all other costs associated with the residential portion and the majority of the retail portion of the property began to be charged to expense, while revenue continues to grow as occupancy increases. As a result, compared to the 2025 Quarter, net income for the 2026 Quarter was adversely impacted by $4.8 million, of which $2.8 million was a reduction in capitalized interest, due to the initial operations of Hampden House. Exclusive of Hampden House, net income increased by $4.0 million primarily due to (a) higher residential base rent of $2.1 million, (b) higher commercial base rent of $1.5 million and (c) lower credit losses on operating lease receivables, net, of $0.3 million. Net income available to common stockholders decreased to $6.3 million, or $0.26 per basic and diluted share, for the 2026 Quarter from $7.0 million, or $0.29 per basic and diluted share, for the 2025 Quarter. Compared to the 2025 Quarter, net income available to common stockholders for the 2026 Quarter was adversely impacted by $1.7 million, or $0.07 per basic and diluted share, due to the initial operations of Hampden House. Same property revenue increased $5.1 million, or 7.4%, and same property net operating income increased $4.3 million, or 9.0%, for the 2026 Quarter com...

BETHESDA, Md., March 16, 2026 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on April 30, 2026, to holders of record on April 15, 2026. The common dividend is unchanged from the amount paid in the previous quarter and the amount paid in the prior year's comparable quarter. The Company also declared quarterly dividends on (a) its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositary share and (b) its 6.000% Series E Cumulative Redeemable Preferred Stock, in the amount of $0.3750000 per depositary share. The preferred dividends will be paid on April 15, 2026, to holders of record on April 1, 2026. Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 62 properties, which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area. More information about Saul Centers is available on the Company's website at www.saulcenters.com. Safe Harbor Statement Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in our Annual Report on Form 10-K for the year ended December 31, 2025, and include the following: (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable ter...

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Saul Centers Inc. (BFS) on Friday reported a key measure of profitability in its fourth quarter. The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $21.5 million, or 61 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $3.7 million, or 15 cents per share. The real estate investment trust involved mostly in shopping malls posted revenue of $75.1 million in the period. For the year, the company reported funds from operations of $96.7 million, or $2.76 per share. Revenue was reported as $289.8 million. The company's shares have risen 8% since the beginning of the year. In the final minutes of trading on Friday, shares hit $34.08, a drop of 7.5% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFS at https://www.zacks.com/ap/BFS

BETHESDA, Md., Feb. 27, 2026 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company"), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended December 31, 2025 ("2025 Quarter"). Total revenue for the 2025 Quarter increased to $75.1 million from $67.9 million for the quarter ended December 31, 2024 ("2024 Quarter"). Net income decreased to $8.2 million for the 2025 Quarter from $10.4 million for the 2024 Quarter. On October 1, 2025, the Company opened Hampden House, comprised of 366 apartment units and 10,100 square feet of retail space adjacent to the Bethesda Metro Station in Bethesda, Maryland. As of February 23, 2026, 130 of the 366 (35.5%) residential units were leased and occupied. Concurrent with the opening of Hampden House on October 1, 2025, interest, real estate taxes, depreciation and all other costs associated with the residential portion and the majority of the retail portion of the property began to be charged to expense, while revenue continues to grow as occupancy increases. As a result, compared to the 2024 Quarter, net income for the 2025 Quarter was adversely impacted by $5.1 million, of which $2.8 million was a reduction in capitalized interest, due to the initial operations of Hampden House. Net income for Twinbrook Quarter Phase I increased $2.0 million from the 2024 Quarter to the 2025 Quarter. Exclusive of Twinbrook Quarter Phase I and Hampden House, net income increased by $0.9 million primarily due to (a) higher commercial base rent of $2.3 million and (b) higher residential base rent of $0.3 million partially offset by (c) lower property operating expense recoveries, net of expenses, of $1.1 million, (d) higher credit losses on operating lease receivables, net, of $0.3 million and (e) higher general and administrative cost of $0.3 million. Net income available to common stockholders decreased to $3.7 million, or $0.15 per basic and diluted share, for the 2025 Quarter from $5.3 million, or $0.22 per basic and diluted share, for the 2024 Quarter. Compared to the 2024 Quarter, net income available to common stockholders for the 2025 Quarter was adversely impacted by $2.6 million, or $0.10 per basic and diluted share, due to the initial operations of Hampden House. Same property revenue decreased $3.6 million, or 4.7%, and same property net operating income decreased $6.3 million, or 11...

BETHESDA, Md., Dec. 4, 2025 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on January 30, 2026, to holders of record on January 15, 2026. The common dividend is unchanged from the amount paid in the previous quarter and the amount paid in the prior year's comparable quarter. The Company also declared quarterly dividends on (a) its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositary share and (b) its 6.000% Series E Cumulative Redeemable Preferred Stock, in the amount of $0.3750000 per depositary share. The preferred dividends will be paid on January 15, 2026, to holders of record on January 2, 2026. Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 62 properties, which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area. More information about Saul Centers is available on the Company's website at www.saulcenters.com. Safe Harbor Statement Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in (i) our Annual Report on Form 10-K for the year ended December 31, 2024, and (ii) our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, and include the following: (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the...

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Saul Centers Inc. (BFS) on Thursday reported a key measure of profitability in its third quarter. The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $25.3 million, or 72 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $7.7 million, or 32 cents per share. The real estate investment trust involved mostly in shopping malls posted revenue of $72 million in the period. The company's shares have fallen 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.88, a fall of 27% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFS at https://www.zacks.com/ap/BFS

BETHESDA, Md., Nov. 6, 2025 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company"), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended September 30, 2025 ("2025 Quarter"). Total revenue for the 2025 Quarter increased to $72.0 million from $67.3 million for the quarter ended September 30, 2024 ("2024 Quarter"). Net income decreased to $14.0 million for the 2025 Quarter from $19.6 million for the 2024 Quarter. During the 2025 Quarter, the Company continued to lease residential units and work on retail spaces at Twinbrook Quarter Phase I. As of November 3, 2025, 431 of the 452 (95.4%) residential units were leased and occupied. Concurrent with the initial delivery of Twinbrook Quarter Phase I on October 1, 2024, interest, real estate taxes, depreciation and all other costs associated with the residential portion and the majority of the retail portion of the property began to be charged to expense, while revenue continues to grow as occupancy increases. As a result, compared to the 2024 Quarter, net income for the 2025 Quarter was adversely impacted by $4.7 million, of which $4.6 million was a reduction in capitalized interest, due to the initial operations of Twinbrook Quarter Phase I. Exclusive of Twinbrook Quarter Phase I, net income decreased by $0.9 million primarily due to (a) higher general and administrative costs of $0.8 million, (b) lower lease termination fees of $0.6 million, (c) higher credit losses on operating lease receivables, net, of $0.4 million, (d) lower expense recoveries, net of expenses, of $0.3 million, and (e) higher interest expense, net and amortization of deferred debt costs, of $0.2 million, partially offset by (f) higher commercial base rent of $1.1 million and (g) higher residential base rent of $0.3 million. Net income available to common stockholders decreased to $7.7 million, or $0.32 per basic and diluted share, for the 2025 Quarter from $11.7 million, or $0.48 per basic and diluted share, for the 2024 Quarter. As compared to the 2024 Quarter, net income available to common stockholders for the 2025 Quarter was adversely impacted by $2.4 million, or $0.10 per basic and diluted share, due to the initial operations of Twinbrook Quarter Phase I. Same property revenue decreased $0.2 million, or 0.3%, and same property net operating income decreased $1.0 million, or 2.0%, for...

BETHESDA, Md., Sept. 23, 2025 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on October 31, 2025, to holders of record on October 15, 2025. The common dividend is unchanged from the amount paid in the previous quarter and the amount paid in the prior year's comparable quarter. The Company also declared quarterly dividends on (a) its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositary share and (b) its 6.000% Series E Cumulative Redeemable Preferred Stock, in the amount of $0.3750000 per depositary share. The preferred dividends will be paid on October 15, 2025, to holders of record on October 1, 2025. Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 62 properties, which includes (a) 58 community and neighborhood shopping centers and mixed-use properties with approximately 10.2 million square feet of leasable area and (b) four land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area. More information about Saul Centers is available on the Company's website at www.saulcenters.com. Safe Harbor Statement Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in (i) our Annual Report on Form 10-K for the year ended December 31, 2024, and (ii) our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, and include the following: (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the ina...

BETHESDA, Md., Aug. 7, 2025 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended June 30, 2025 ("2025 Quarter"). Total revenue for the 2025 Quarter increased to $70.8 million from $66.9 million for the quarter ended June 30, 2024 ("2024 Quarter"). Net income decreased to $14.2 million for the 2025 Quarter from $19.5 million for the 2024 Quarter. During the 2025 Quarter, the Company continued to lease residential units and work on retail spaces at Twinbrook Quarter Phase I. On June 25, 2025, Wegmans commenced operations, and as of August 4, 2025, 389 of the 452 (86.1%) residential units were leased and occupied. Concurrent with the initial delivery of Twinbrook Quarter Phase I on October 1, 2024, interest, real estate taxes, depreciation and all other costs associated with the residential portion and the majority of the retail portion of the property began to be charged to expense, while revenue continues to grow as occupancy increases. As a result, compared to the 2024 Quarter, net income for the 2025 Quarter was adversely impacted by $5.4 million, of which $3.5 million was a reduction in capitalized interest, due to the initial operations of Twinbrook Quarter Phase I. Net income available to common stockholders decreased to $7.9 million, or $0.33 per basic and diluted share, for the 2025 Quarter from $11.6 million, or $0.48 per basic and diluted share, for the 2024 Quarter. As compared to the 2024 Quarter, net income available to common stockholders for the 2025 Quarter was adversely impacted by $2.9 million, or $0.12 per basic and diluted share, due to the initial operations of Twinbrook Quarter Phase I. Same property revenue decreased $1.5 million, or 2.2%, and same property net operating income decreased $2.2 million, or 4.3%, for the 2025 Quarter compared to the 2024 Quarter. The $1.5 million decrease in same property revenue for the 2025 Quarter compared to the 2024 Quarter was primarily due to (a) lower lease termination fees of $2.0 million partially offset by (b) higher expense recoveries of $0.3 million. Shopping Center same property net operating income for the 2025 Quarter totaled $35.3 million, a decrease of $2.1 million compared to the 2024 Quarter. Shopping Center same property net operating income decreased primarily due to to lower lease termination...

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Saul Centers Inc. (BFS) on Thursday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $25.4 million, or 73 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $7.9 million, or 33 cents per share. The real estate investment trust involved mostly in shopping malls posted revenue of $70.8 million in the period. The company's shares have fallen 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.72, a decrease of 13% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFS at https://www.zacks.com/ap/BFS