Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties. Approximately 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.
IPO Year: 1993
Exchange: NYSE
Website: saulcenters.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | $43.50 | Buy | B. Riley Securities |
| 1/4/2023 | Outperform → Mkt Perform | Raymond James | |
| 8/9/2022 | $53.00 | Buy → Neutral | B. Riley Securities |
| 11/9/2021 | $51.00 → $56.00 | Outperform | Raymond James |
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10-Q - SAUL CENTERS, INC. (0000907254) (Filer)
8-K - SAUL CENTERS, INC. (0000907254) (Filer)
10-Q - SAUL CENTERS, INC. (0000907254) (Filer)
8-K - SAUL CENTERS, INC. (0000907254) (Filer)
8-K - SAUL CENTERS, INC. (0000907254) (Filer)
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10-Q - SAUL CENTERS, INC. (0000907254) (Filer)
8-K - SAUL CENTERS, INC. (0000907254) (Filer)
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BETHESDA, Md., Nov. 7, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended September 30, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $67.3 million from $63.8 million for the quarter ended September 30, 2023 ("2023 Quarter"). Net income increased to $19.6 million for the 2024 Quarter from $16.7 million for the 2023 Quarter primarily due to (a) higher base rent of $2.2 million, (b) higher lease termination fees of $0.6 million, (c) higher expense recoveries, net of expenses, of $0.2 million and (d) higher percentage rent of $0.1 million, partially offset by (e) higher
BETHESDA, Md., Sept. 19, 2024 /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, 2024, to holders of record on October 15, 2024. 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, 2024,
BETHESDA, Md., Aug. 1, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended June 30, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $66.9 million from $63.7 million for the quarter ended June 30, 2023 ("2023 Quarter"). Net income increased to $19.5 million for the 2024 Quarter from $17.2 million for the 2023 Quarter primarily due to (a) higher lease termination fees of $1.6 million, (b) higher commercial base rent of $0.8 million and (c) higher residential base rent of $0.3 million, partially offset by (d) a lease termination fee paid to a tenant of $0.3 million. Net in
BETHESDA, Md., June 20, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on July 31, 2024, to holders of record on July 15, 2024. 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 July 15, 2024, to holders
BETHESDA, Md., May 2, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended March 31, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $66.7 million from $63.0 million for the quarter ended March 31, 2023 ("2023 Quarter"). Net income increased to $18.3 million for the 2024 Quarter from $17.7 million for the 2023 Quarter primarily due to (a) higher commercial base rent of $1.4 million and (b) higher residential base rent of $0.3 million, partially offset by (c) higher interest expense, net and amortization of deferred debt costs of $0.6 million and (d) higher general and ad
BETHESDA, Md., March 14, 2024 /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, 2024, to holders of record on April 15, 2024. 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, 2024, to hold
BETHESDA, Md., Feb. 29, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended December 31, 2023 ("2023 Quarter"). Total revenue for the 2023 Quarter increased to $66.7 million from $62.3 million for the quarter ended December 31, 2022 ("2022 Quarter"). Net income increased to $17.5 million for the 2023 Quarter from $15.4 million for the 2022 Quarter. Net income for the 2023 Quarter increased compared to the 2022 Quarter due to (a) higher termination fees of $2.4 million and (b) higher base rent of $1.4 million, partially offset by (c) higher interest expense, net and amortization of deferre
BETHESDA, Md., Jan. 19, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2023 dividends. During 2023, the Company declared and paid four quarterly dividends on its Common Stock totaling $2.36 per share. For tax purposes, 74.2% of the dividends ($1.75 per common share) are characterized as ordinary income, while 25.8% of the dividends ($0.61 per common share) are characterized as return of capital. The information will be reported to shareholders on Form 1099-DIV and the ordinary income portion will be reported as section 199A dividends. During 2023, the Company declared and paid the following d
BETHESDA, Md., Dec. 7, 2023 /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 31, 2024, to holders of record on January 16, 2024. 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 16, 2024, to
BETHESDA, Md., Sept. 21, 2023 /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, 2023, to holders of record on October 16, 2023. 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 16, 2023,
BETHESDA, Md., Nov. 7, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended September 30, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $67.3 million from $63.8 million for the quarter ended September 30, 2023 ("2023 Quarter"). Net income increased to $19.6 million for the 2024 Quarter from $16.7 million for the 2023 Quarter primarily due to (a) higher base rent of $2.2 million, (b) higher lease termination fees of $0.6 million, (c) higher expense recoveries, net of expenses, of $0.2 million and (d) higher percentage rent of $0.1 million, partially offset by (e) higher
BETHESDA, Md., Sept. 19, 2024 /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, 2024, to holders of record on October 15, 2024. 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, 2024,
BETHESDA, Md., Aug. 1, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended June 30, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $66.9 million from $63.7 million for the quarter ended June 30, 2023 ("2023 Quarter"). Net income increased to $19.5 million for the 2024 Quarter from $17.2 million for the 2023 Quarter primarily due to (a) higher lease termination fees of $1.6 million, (b) higher commercial base rent of $0.8 million and (c) higher residential base rent of $0.3 million, partially offset by (d) a lease termination fee paid to a tenant of $0.3 million. Net in
BETHESDA, Md., June 20, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on July 31, 2024, to holders of record on July 15, 2024. 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 July 15, 2024, to holders
BETHESDA, Md., May 2, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended March 31, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $66.7 million from $63.0 million for the quarter ended March 31, 2023 ("2023 Quarter"). Net income increased to $18.3 million for the 2024 Quarter from $17.7 million for the 2023 Quarter primarily due to (a) higher commercial base rent of $1.4 million and (b) higher residential base rent of $0.3 million, partially offset by (c) higher interest expense, net and amortization of deferred debt costs of $0.6 million and (d) higher general and ad
BETHESDA, Md., March 14, 2024 /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, 2024, to holders of record on April 15, 2024. 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, 2024, to hold
BETHESDA, Md., Feb. 29, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended December 31, 2023 ("2023 Quarter"). Total revenue for the 2023 Quarter increased to $66.7 million from $62.3 million for the quarter ended December 31, 2022 ("2022 Quarter"). Net income increased to $17.5 million for the 2023 Quarter from $15.4 million for the 2022 Quarter. Net income for the 2023 Quarter increased compared to the 2022 Quarter due to (a) higher termination fees of $2.4 million and (b) higher base rent of $1.4 million, partially offset by (c) higher interest expense, net and amortization of deferre
BETHESDA, Md., Jan. 19, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2023 dividends. During 2023, the Company declared and paid four quarterly dividends on its Common Stock totaling $2.36 per share. For tax purposes, 74.2% of the dividends ($1.75 per common share) are characterized as ordinary income, while 25.8% of the dividends ($0.61 per common share) are characterized as return of capital. The information will be reported to shareholders on Form 1099-DIV and the ordinary income portion will be reported as section 199A dividends. During 2023, the Company declared and paid the following d
BETHESDA, Md., Dec. 7, 2023 /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 31, 2024, to holders of record on January 16, 2024. 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 16, 2024, to
BETHESDA, Md., Sept. 21, 2023 /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, 2023, to holders of record on October 16, 2023. 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 16, 2023,
B. Riley Securities resumed coverage of Saul Centers with a rating of Buy and set a new price target of $43.50
Raymond James downgraded Saul Centers from Outperform to Mkt Perform
B. Riley Securities downgraded Saul Centers from Buy to Neutral and set a new price target of $53.00
Raymond James reiterated coverage of Saul Centers with a rating of Outperform and set a new price target of $56.00 from $51.00 previously
Raymond James reiterated coverage of Saul Centers with a rating of Outperform and set a new price target of $51.00 from $46.00 previously
Raymond James initiated coverage of Saul Centers with a rating of Outperform and set a new price target of $46.00
Raymond James initiated coverage of Saul Centers with a rating of Outperform
B. Riley upgraded Saul Centers from Neutral to Buy and set a new price target of $50.00 from $32.00 previously
B. Riley Securities upgraded Saul Centers from Neutral to Buy and set a new price target of $50.00 from $32.00 previously
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Saul Centers (NYSE:BFS) reported quarterly earnings of $0.79 per share. This is a 9.72 percent increase over earnings of $0.72 per share from the same period last year. The company reported $66.68 million in sales this quarter. This is a 6.97 percent increase over sales of $62.34 million the same period last year.
B. Riley Securities analyst Craig Kucera maintains Saul Centers (NYSE:BFS) with a Neutral and raises the price target from $38 to $41.
Friday's session saw 100 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows: BioNTech (NASDAQ:BNTX) was the largest, in terms of market cap, to set a new 52-week low. Vyant Bio (NASDAQ:VYNT) was the smallest, in terms of market cap, to set a new 52-week low. Soligenix (NASDAQ:SNGX)'s stock came under the most pressure, trading down 47.37% to reach a new 52-week low. Barings BDC (NYSE:BBDC) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. On Friday, the following stocks broke to new 52-week lows: BioNTech (NASDAQ:BNTX) stock achieved a new 52-week low on Friday morning, hitting $1
Saul Centers (NYSE:BFS) reported quarterly earnings of $0.79 per share. This is a 1.25 percent decrease over earnings of $0.80 per share from the same period last year. The company reported $63.05 million in sales this quarter. This is a 1.46 percent increase over sales of $62.14 million the same period last year.
Tuesday's session saw 286 companies set new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was U.S. Bancorp (NYSE:USB). Windtree Therapeutics (NASDAQ:WINT) is the smallest company on a market cap basis to set a new 52-week low. cbdMD (AMEX:YCBD) made the largest move down on the session, with shares plummeting 4671.11% to reach its 52-week low. Chimerix (NASDAQ:CMRX)'s stock made the biggest reversal, trading up 0.0% shortly after dropping to a new 52-week low. Here is a list of stocks that set new 52-week lows on Tuesday: U.S. Bancorp (NYSE:USB) shares hit a yearly low of $32.15. The stock was down 1.66%
Saul Centers (NYSE:BFS) reported quarterly earnings of $0.72 per share. This is a 4 percent decrease over earnings of $0.75 per share from the same period last year. The company reported $62.34 million in sales this quarter. This is a 3.48 percent increase over sales of $60.24 million the same period last year.
Upgrades UBS upgraded the previous rating for Trane Technologies PLC (NYSE:TT) from Neutral to Buy. For the third quarter, Trane Technologies had an EPS of $2.27, compared to year-ago quarter EPS of $1.80. The stock has a 52-week-high of $201.65 and a 52-week-low of $120.64. At the end of the last trading period, Trane Technologies closed at $171.53. According to Roth Capital, the prior rating for Argo Blockchain PLC (NASDAQ:ARBK) was changed from Sell to Neutral. For the second quarter, Argo Blockchain had an EPS of $0.82, compared to year-ago quarter EPS of $0.03. According to B of A Securities, the prior rating for PowerSchool Holdings Inc (NYSE:PWSC) was changed from Neutral to Buy.
Raymond James analyst RJ Milligan downgrades Saul Centers (NYSE:BFS) from Outperform to Market Perform.
Retail stocks had mixed results during market hours Friday as early reports suggested the shopping holiday was off to a slower-than-normal start. Real estate investment trusts (REITs) with retail tenants, on the other hand, mostly traded higher Friday. Alpine Income Property Trust Inc (NYSE:PINE) gained 1.39% for the day, closing at $18.96 per share. The net lease REIT is a landlord for some major retailers like Walmart Inc (NYSE:WMT), Lowe's Companies Inc (NYSE:LOW) and Best Buy Co Inc (NYSE:BBY). Alpine is still down 7.8% for the year but has gained 4.45% in the last month. The company pays a dividend of $0.28 per share, which gives it a yield of 5.9%. Realty Income Corp (NYSE:O) ha