8-K Announcements
6Feb 27, 2026·SEC
Nov 26, 2025·SEC
Nov 6, 2025·SEC
Saul Centers, Inc. (BFS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Saul Centers, Inc. (BFS) stock price & volume — 10-year historical chart
Saul Centers, Inc. (BFS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Saul Centers, Inc. (BFS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 27, 2026 | $0.15vs $0.27-44.4% | $74Mvs $73M+0.8% |
| Q4 2025 | Nov 6, 2025 | $0.72vs $0.23+213.0% | $72Mvs $73M-1.6% |
| Q3 2025 | Aug 7, 2025 | $0.73vs $0.75-2.7% | $71Mvs $71M-0.8% |
| Q2 2025 | May 8, 2025 | $0.71vs $0.73-2.7% | $72Mvs $70M+3.0% |
Saul Centers, Inc. (BFS) competitors in Open-Air Shopping Centers — business model, growth, and fundamentals comparison
Saul Centers, Inc. (BFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Saul Centers, Inc. (BFS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 217.07M | 227.28M | 227.9M | 231.53M | 225.21M | 239.22M | 245.86M | 257.21M | 268.85M | 282.62M |
| Revenue Growth % | 3.82% | 4.71% | 0.27% | 1.59% | -2.73% | 6.22% | 2.77% | 4.62% | 4.53% | 5.46% |
| Property Operating Expenses | 52.21M | 54.69M | 55.58M | 57.93M | 58.42M | 61.63M | 64.52M | 67.14M | 72.06M | 68.22M |
| Net Operating Income (NOI) | 164.86M▲ 0% | 172.6M▲ 4.7% | 172.33M▼ 0.2% | 173.59M▲ 0.7% | 166.79M▼ 3.9% | 177.6M▲ 6.5% | 181.34M▲ 2.1% | 190.07M▲ 4.8% | 196.79M▲ 3.5% | 214.4M▲ 0% |
| NOI Margin % | 75.95% | 75.94% | 75.61% | 74.98% | 74.06% | 74.24% | 73.76% | 73.9% | 73.2% | 75.86% |
| Operating Expenses | 18.99M | 19.08M | 18.87M | 20.79M | 116.47M | 115.95M | 115.95M | 23.46M | 75.57M | 69.61M |
| G&A Expenses | 17.5M | 18.18M | 18.46M | 20.79M | 19.11M | 20.25M | 22.39M | 23.46M | 25.07M | 26.59M |
| EBITDA | 215.89M | 225.04M | 183.14M | 193.33M | 101.44M | 111.92M | 114.36M | 215.04M | 171.72M | 201.92M |
| EBITDA Margin % | 99.46% | 99.01% | 80.36% | 83.5% | 45.04% | 46.78% | 46.51% | 83.61% | 63.87% | 71.45% |
| Depreciation & Amortization | 160.18M | 164.44M | 120.59M | 40.53M | 51.13M | 50.27M | 48.97M | 48.43M | 50.5M | 57.13M |
| D&A / Revenue % | 73.79% | 72.35% | 52.91% | 17.51% | 22.7% | 21.01% | 19.92% | 18.83% | 18.78% | 20.21% |
| Operating Income | 55.71M▲ 0% | 60.6M▲ 8.8% | 62.55M▲ 3.2% | 152.8M▲ 144.3% | 50.32M▼ 67.1% | 61.65M▲ 22.5% | 65.39M▲ 6.1% | 166.61M▲ 154.8% | 121.22M▼ 27.2% | 144.79M▲ 0% |
| Operating Margin % | 25.67% | 26.66% | 27.45% | 66% | 22.34% | 25.77% | 26.6% | 64.78% | 45.09% | 51.23% |
| Interest Expense | 45.68M | 47.23M | 45.04M | 41.83M | 0 | 45.42M | 43.94M | 47.2M | 53.7M | 4M |
| Interest Coverage | 1.22x | 1.28x | 1.39x | 3.65x | - | 1.36x | 1.49x | 3.53x | 2.26x | - |
| Non-Operating Income | -45.35M | 46.94M | 1.1M | 46.33M | -45.09M | -43.72M | -42.03M | 48.43M | 0 | 30.69M |
| Pretax Income | 56.72M▲ 0% | 60.67M▲ 7.0% | 63.06M▲ 3.9% | 64.2M▲ 1.8% | 50.32M▼ 21.6% | 61.65M▲ 22.5% | 65.39M▲ 6.1% | 69.03M▲ 5.6% | 67.7M▼ 1.9% | 47.88M▲ 0% |
| Pretax Margin % | 26.13% | 26.69% | 27.67% | 27.73% | 22.34% | 25.77% | 26.6% | 26.84% | 25.18% | 16.94% |
| Income Tax | 0 | -33.35M | -33.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | -54.98% | -53.7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 45.28M▲ 0% | 48.26M▲ 6.6% | 50.55M▲ 4.8% | 51.72M▲ 2.3% | 40.38M▼ 21.9% | 48.39M▲ 19.8% | 50.19M▲ 3.7% | 52.69M▲ 5.0% | 50.65M▼ 3.9% | 39.1M▲ 0% |
| Net Margin % | 20.86% | 21.23% | 22.18% | 22.34% | 17.93% | 20.23% | 20.42% | 20.49% | 18.84% | 13.83% |
| Net Income Growth % | 6.62% | 6.58% | 4.76% | 2.31% | -21.93% | 19.83% | 3.73% | 4.97% | -3.87% | -29.89% |
| Funds From Operations (FFO) | 205.46M▲ 0% | 212.7M▲ 3.5% | 171.14M▼ 19.5% | 92.26M▼ 46.1% | 91.51M▼ 0.8% | 98.66M▲ 7.8% | 99.16M▲ 0.5% | 101.12M▲ 2.0% | 101.15M▲ 0.0% | 96.22M▲ 0% |
| FFO Margin % | 94.65% | 93.58% | 75.09% | 39.85% | 40.63% | 41.24% | 40.33% | 39.31% | 37.62% | 34.05% |
| FFO Growth % | 139.63% | 3.52% | -19.54% | -46.09% | -0.81% | 7.82% | 0.51% | 1.97% | 0.03% | -30.24% |
| FFO per Share | 9.51 | 9.66 | 7.63 | 4.00 | 3.92 | 4.17 | 4.14 | 4.20 | 4.19 | 3.97 |
| FFO Payout Ratio % | 19.21% | 20.96% | 27.06% | 52.64% | 53.97% | 51.65% | 55.99% | 56.09% | 56.25% | 59.34% |
| EPS (Diluted) | 1.52▲ 0% | 1.63▲ 7.2% | 2.25▲ 38.0% | 2.24▼ 0.4% | 1.25▼ 44.2% | 1.57▲ 25.6% | 1.63▲ 3.8% | 1.73▲ 6.1% | 1.63▼ 5.8% | 1.61▲ 0% |
| EPS Growth % | 7.04% | 7.24% | 38.04% | -0.44% | -44.2% | 25.6% | 3.82% | 6.13% | -5.78% | -35.2% |
| EPS (Basic) | 1.53 | 1.64 | 2.26 | 2.25 | 1.25 | 1.57 | 1.63 | 1.73 | 1.64 | - |
| Diluted Shares Outstanding | 21.61M | 22.01M | 22.43M | 23.05M | 23.36M | 23.66M | 23.97M | 24.05M | 24.14M | 24.22M |
Saul Centers, Inc. (BFS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.34B | 1.42B | 1.53B | 1.62B | 1.65B | 1.75B | 1.83B | 1.99B | 2.13B | 2.17B |
| Asset Growth % | 2.98% | 5.91% | 7.38% | 5.95% | 1.68% | 6.15% | 4.95% | 8.77% | 6.63% | 17.48% |
| Real Estate & Other Assets | 1.28B | -1.39B | 1.45B | 1.55B | 1.55B | 1.67B | 1.76B | 1.93B | 2.07B | 0 |
| PP&E (Net) | 1.24B | 1.32B | 1.42B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | -1000K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 66.41M | 70.21M | 73.63M | 71.58M | 91.77M | 73.25M | 69.6M | 64.44M | 61.25M | 70.75M |
| Cash & Equivalents | 8.32M | 10.91M | 14.58M | 13.9M | 26.86M | 14.59M | 13.28M | 8.41M | 10.3M | 11.79M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 0 | 0 | -5.64M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.4M | 0 | 656.1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 969.78M | 1.03B | 1.1B | 1.17B | 1.22B | 1.22B | 1.31B | 1.49B | 1.63B | 1.68B |
| Total Debt | 900.29M | 958.62M | 1.02B | 1.09B | 1.15B | 1.14B | 1.22B | 1.39B | 1.53B | 1.02B |
| Net Debt | 891.97M | 947.71M | 1.01B | 1.08B | 1.12B | 1.13B | 1.21B | 1.38B | 1.52B | 1.01B |
| Long-Term Debt | 900.29M | 947.01M | 1.02B | 1B | 1.05B | 1.04B | 1.06B | 1.11B | 1.35B | 0 |
| Short-Term Borrowings | 0 | 0 | 0 | 86.37M | 103.91M | 103.17M | 161.94M | 274.71M | 186.49M | 1.02B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 87.01M | 102.38M | 96.9M | 140.86M | 147.75M | 150.4M | 227.37M | 354.67M | 256.12M | 1.05B |
| Accounts Payable | 20.84M | 23.12M | 32.42M | 35.2M | 24.38M | 25.56M | 42.98M | 57.02M | 46.16M | 0 |
| Deferred Revenue | 30.7M | 29.08M | 28.85M | 29.31M | 23.29M | 25.19M | 23.17M | 22.75M | 23.03M | 23.67M |
| Other Liabilities | 2.93M | 15.01M | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 636.47M |
| Total Equity | 373.25M▲ 0% | 393.1M▲ 5.3% | 425.22M▲ 8.2% | 443.36M▲ 4.3% | 427.53M▼ 3.6% | 530.49M▲ 24.1% | 521.8M▼ 1.6% | 504.43M▼ 3.3% | 501.12M▼ 0.7% | 485.2M▲ 0% |
| Equity Growth % | 5.52% | 5.32% | 8.17% | 4.27% | -3.57% | 24.08% | -1.64% | -3.33% | -0.66% | -14.41% |
| Shareholders Equity | 318.5M | 334.4M | 355.91M | 374.98M | 364.32M | 405.05M | 400.48M | 348.39M | 335.75M | 316.63M |
| Minority Interest | 54.74M | 58.7M | 69.31M | 68.38M | 63.21M | 125.44M | 121.32M | 156.04M | 165.37M | 168.58M |
| Common Stock | 217K | 221K | 227K | 232K | 235K | 238K | 240K | 241K | 243K | 245K |
| Additional Paid-in Capital | 328.17M | 352.59M | 384.53M | 410.93M | 420.63M | 436.61M | 446.3M | 449.96M | 454.09M | 0 |
| Retained Earnings | -189.88M | -198.41M | -208.85M | -221.18M | -241.53M | -256.45M | -273.56M | -288.82M | -306.54M | 0 |
| Preferred Stock | 180M | 180M | 180M | 185M | 185M | 185M | 185M | 185M | 185M | 0 |
| Return on Assets (ROA) | 3.42% | 3.49% | 3.43% | 3.29% | 2.47% | 2.85% | 2.8% | 2.75% | 2.46% | 1.8% |
| Return on Equity (ROE) | 12.46% | 12.59% | 12.36% | 11.91% | 9.27% | 10.1% | 9.54% | 10.27% | 10.07% | 8.06% |
| Debt / Assets | 67.03% | 67.39% | 66.9% | 67.43% | 69.94% | 65.48% | 66.7% | 69.55% | 72.08% | 47.16% |
| Debt / Equity | 2.41x | 2.44x | 2.40x | 2.46x | 2.69x | 2.16x | 2.34x | 2.75x | 3.06x | 3.06x |
| Net Debt / EBITDA | 4.13x | 4.21x | 5.50x | 5.57x | 11.08x | 10.09x | 10.58x | 6.41x | 8.87x | 8.87x |
| Book Value per Share | 17.27 | 17.86 | 18.96 | 19.23 | 18.30 | 22.42 | 21.77 | 20.97 | 20.76 | 20.03 |
Saul Centers, Inc. (BFS) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 89.09M | 103.45M | 110.34M | 115.38M | 78.38M | 118.38M | 121.15M | 117.73M | 121.22M | 121.22M |
| Operating CF Growth % | 0.22% | 16.12% | 6.66% | 4.57% | -32.07% | 51.03% | 2.34% | -2.83% | 2.97% | -61.49% |
| Operating CF / Revenue % | 41.04% | 45.52% | 48.41% | 49.84% | 34.8% | 49.49% | 49.28% | 45.77% | 45.09% | 42.89% |
| Net Income | 56.72M | 60.67M | 63.06M | 64.2M | 50.32M | 61.65M | 65.39M | 52.69M | 50.65M | 39.1M |
| Depreciation & Amortization | 44.42M | 45.69M | 45.86M | 46.33M | 51.13M | 50.27M | 48.97M | 48.43M | 52.85M | 14.52M |
| Stock-Based Compensation | 1.6M | 1.67M | 1.77M | 1.86M | 1.44M | 1.56M | 1.52M | 1.42M | 1.72M | 1.82M |
| Other Non-Cash Items | 41.13M | 42.47M | 41.44M | 1.34M | 49.58M | 50.98M | -171K | 13.51M | 17.73M | 41.92M |
| Working Capital Changes | -10.85M | -2.2M | 3.9M | 1.66M | -22.95M | 4.19M | 5.44M | 1.67M | -1.74M | -3.27M |
| Cash from Investing | -86.27M | -113.31M | -128.65M | -135.66M | -56.17M | -55.87M | -116.89M | -203.68M | -188.73M | -117.83M |
| Acquisitions (Net) | -27.23M | -22.84M | -76.26M | -113.77M | -37.06M | -28.23M | -101.11M | -177.49M | 0 | -4M |
| Purchase of Investments | -91.05M | -119.99M | -129.98M | 0 | -56.54M | -55.87M | -116.89M | 0 | 0 | 0 |
| Sale of Investments | 1000K | 1000K | 1000K | 0 | 376K | 0 | 1000K | 0 | 0 | 0 |
| Other Investing | -59.04M | -90.46M | -52.39M | -21.89M | -19.11M | 28.23M | -34.79M | -26.2M | -188.73M | -37.91M |
| Cash from Financing | -4.5M | 12.44M | 21.98M | 19.61M | -9.26M | -74.77M | -5.58M | 81.08M | 69.4M | 16.04M |
| Dividends Paid | -51.85M | -56.95M | -58.71M | -60.96M | -60.58M | -62.16M | -66.72M | -67.92M | -68.09M | -68.29M |
| Common Dividends | -39.47M | -44.58M | -46.31M | -48.57M | -49.38M | -50.96M | -55.52M | -56.72M | -56.89M | -57.1M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 4M |
| Share Repurchases | 0 | 0 | -75.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -6.75M | -11.12M | -13.83M | -14.47M | -17.96M | -21.82M | -30.69M | -20.84M | -11.32M | -17.15M |
| Net Change in Cash | -1.68M▲ 0% | 2.59M▲ 253.8% | 3.67M▲ 41.9% | -673K▼ 118.3% | 12.95M▲ 2024.4% | -12.26M▼ 194.7% | -1.31M▲ 89.3% | -4.87M▼ 270.5% | 1.89M▲ 138.8% | 4.59M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 10M | 8.32M | 10.91M | 14.58M | 13.9M | 26.86M | 14.59M | 13.28M | 8.41M | 5.3M |
| Cash at End | 8.32M | 10.91M | 14.58M | 13.9M | 26.86M | 14.59M | 13.28M | 8.41M | 10.3M | 11.79M |
| Free Cash Flow | 89.09M▲ 0% | 103.45M▲ 16.1% | 110.34M▲ 6.7% | 115.38M▲ 4.6% | 134.55M▲ 16.6% | 118.38M▼ 12.0% | 140.16M▲ 18.4% | 117.73M▼ 16.0% | 121.22M▲ 3.0% | 106.39M▲ 0% |
| FCF Growth % | 0.22% | 16.12% | 6.66% | 4.57% | 16.61% | -12.02% | 18.39% | -16% | 2.97% | -14.98% |
| FCF / Revenue % | 41.04% | 45.52% | 48.41% | 49.84% | 59.75% | 49.49% | 57.01% | 45.77% | 45.09% | 37.64% |
Saul Centers, Inc. (BFS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 9.51 | 9.66 | 7.63 | 4 | 3.92 | 4.17 | 4.14 | 4.2 | 4.19 | 3.97 |
| FFO Payout Ratio | 19.21% | 20.96% | 27.06% | 52.64% | 53.97% | 51.65% | 55.99% | 56.09% | 56.25% | 59.34% |
| NOI Margin | 75.95% | 75.94% | 75.61% | 74.98% | 74.06% | 74.24% | 73.76% | 73.9% | 73.2% | 75.86% |
| Net Debt / EBITDA | 4.13x | 4.21x | 5.50x | 5.57x | 11.08x | 10.09x | 10.58x | 6.41x | 8.87x | 8.87x |
| Debt / Assets | 67.03% | 67.39% | 66.9% | 67.43% | 69.94% | 65.48% | 66.7% | 69.55% | 72.08% | 47.16% |
| Interest Coverage | 1.22x | 1.28x | 1.39x | 3.65x | - | 1.36x | 1.49x | 3.53x | 2.26x | - |
| Book Value / Share | 17.27 | 17.86 | 18.96 | 19.23 | 18.3 | 22.42 | 21.77 | 20.97 | 20.76 | 20.03 |
| Revenue Growth | 3.82% | 4.71% | 0.27% | 1.59% | -2.73% | 6.22% | 2.77% | 4.62% | 4.53% | 5.46% |
Saul Centers, Inc. (BFS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 27, 2026·SEC
Nov 26, 2025·SEC
Nov 6, 2025·SEC
Saul Centers, Inc. (BFS) stock FAQ — growth, dividends, profitability & financials explained
Saul Centers, Inc. (BFS) reported $282.6M in revenue for fiscal year 2024. This represents a 360% increase from $61.5M in 1995.
Saul Centers, Inc. (BFS) grew revenue by 4.5% over the past year. Growth has been modest.
Yes, Saul Centers, Inc. (BFS) is profitable, generating $39.1M in net income for fiscal year 2024 (18.8% net margin).
Yes, Saul Centers, Inc. (BFS) pays a dividend with a yield of 6.89%. This makes it attractive for income-focused investors.
Saul Centers, Inc. (BFS) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.
Saul Centers, Inc. (BFS) generated Funds From Operations (FFO) of $96.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Saul Centers, Inc. (BFS) offers a 6.89% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Saul Centers, Inc. (BFS) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates