8-K Announcements
6May 11, 2026·SEC
May 7, 2026·SEC
Feb 27, 2026·SEC
Saul Centers, Inc. (BFS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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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) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.71vs $0.13+446.2% | $77Mvs $75M+2.3% |
| Q1 2026 | 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% |
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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 227.28M | 227.9M | 231.53M | 225.21M | 239.22M | 245.86M | 257.21M | 268.85M | 291.56M | 296.25M |
Revenue Growth % | 4.71% | 0.27% | 1.59% | -2.73% | 6.22% | 2.77% | 4.62% | 4.53% | 8.45% | 8.11% |
Property Operating Expenses | 54.69M | 55.58M | 57.93M | 58.42M | 61.63M | 64.52M | 67.14M | 72.06M | 202.05M | 74.93M |
Net Operating Income (NOI) | 172.6M▲ 0% | 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% | 89.52M▼ 54.5% | 221.31M▲ 0% |
NOI Margin % | 75.94% | 75.61% | 74.98% | 74.06% | 74.24% | 73.76% | 73.9% | 73.2% | 30.7% | 74.71% |
Operating Expenses | 19.08M | 18.87M | 20.79M | 116.47M | 115.95M | 115.95M | 23.46M | 75.57M | -30.13M | 93.09M |
G&A Expenses | 18.18M | 18.46M | 20.79M | 19.11M | 20.25M | 22.39M | 23.46M | 25.07M | 26.93M | 27.37M |
EBITDA | 225.04M | 183.14M | 193.33M | 101.44M | 111.92M | 114.36M | 215.04M | 171.72M | 178.43M | 188.4M |
EBITDA Margin % | 99.01% | 80.36% | 83.5% | 45.04% | 46.78% | 46.51% | 83.61% | 63.87% | 61.2% | 63.6% |
Depreciation & Amortization | 164.44M | 120.59M | 40.53M | 51.13M | 50.27M | 48.97M | 48.43M | 50.5M | 58.78M | 60.18M |
D&A / Revenue % | 72.35% | 52.91% | 17.51% | 22.7% | 21.01% | 19.92% | 18.83% | 18.78% | 20.16% | 20.31% |
Operating Income | 60.6M▲ 0% | 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% | 119.65M▼ 1.3% | 128.22M▲ 0% |
Operating Margin % | 26.66% | 27.45% | 66% | 22.34% | 25.77% | 26.6% | 64.78% | 45.09% | 41.04% | 43.28% |
Interest Expense | 47.23M | 45.04M | 41.83M | 0 | 45.42M | 43.94M | 47.2M | 53.7M | 70.55M | 4M |
Interest Coverage | 2.26x | 2.36x | 2.54x | - | 2.32x | 2.44x | 2.50x | 2.26x | 1.70x | - |
Non-Operating Income | 46.94M | 1.1M | 46.33M | -45.09M | -43.72M | -42.03M | 48.43M | 0 | -120K | 30.92M |
Pretax Income | 60.67M▲ 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% | 49.22M▼ 27.3% | 44.91M▲ 0% |
Pretax Margin % | 26.69% | 27.67% | 27.73% | 22.34% | 25.77% | 26.6% | 26.84% | 25.18% | 16.88% | 15.16% |
Income Tax | -33.35M | -33.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | -54.98% | -53.7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 48.26M▲ 0% | 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% | 37.51M▼ 25.9% | 36.83M▲ 0% |
Net Margin % | 21.23% | 22.18% | 22.34% | 17.93% | 20.23% | 20.42% | 20.49% | 18.84% | 12.87% | 12.43% |
Net Income Growth % | 6.58% | 4.76% | 2.31% | -21.93% | 19.83% | 3.73% | 4.97% | -3.87% | -25.94% | -21.33% |
Funds From Operations (FFO) | 212.7M▲ 0% | 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% | 96.3M▼ 4.8% | 97.01M▲ 0% |
FFO Margin % | 93.58% | 75.09% | 39.85% | 40.63% | 41.24% | 40.33% | 39.31% | 37.62% | 33.03% | 32.75% |
FFO Growth % | 3.52% | -19.54% | -46.09% | -0.81% | 7.82% | 0.51% | 1.97% | 0.03% | -4.8% | -10.3% |
FFO per Share | 9.66 | 7.63 | 4.00 | 3.92 | 4.17 | 4.14 | 4.20 | 4.19 | 3.98 | 4.01 |
FFO Payout Ratio % | 20.96% | 27.06% | 52.64% | 53.97% | 51.65% | 55.99% | 56.09% | 56.25% | 59.35% | 44.22% |
EPS (Diluted) | 1.63▲ 0% | 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% | 1.55▼ 4.9% | 1.52▲ 0% |
EPS Growth % | 7.24% | 38.04% | -0.44% | -44.2% | 25.6% | 3.82% | 6.13% | -5.78% | -4.91% | 3.4% |
EPS (Basic) | 1.64 | 2.26 | 2.25 | 1.25 | 1.57 | 1.63 | 1.73 | 1.64 | 1.55 | - |
Diluted Shares Outstanding | 22.01M | 22.43M | 23.05M | 23.36M | 23.66M | 23.97M | 24.05M | 24.14M | 24.22M | 24.22M |
Saul Centers, Inc. (BFS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 1.42B | 1.53B | 1.62B | 1.65B | 1.75B | 1.83B | 1.99B | 2.13B | 2.16B | 2.16B |
Asset Growth % | 5.91% | 7.38% | 5.95% | 1.68% | 6.15% | 4.95% | 8.77% | 6.63% | 1.71% | 8.76% |
Real Estate & Other Assets | -1.39B | 1.45B | 1.55B | 1.55B | 1.67B | 1.76B | 1.93B | 2.07B | 2.09B | -2.05B |
PP&E (Net) | 1.32B | 1.42B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 700K |
Investment Securities | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
Total Current Assets | 70.21M | 73.63M | 71.58M | 91.77M | 73.25M | 69.6M | 64.44M | 61.25M | 69.54M | 70.58M |
Cash & Equivalents | 10.91M | 14.58M | 13.9M | 26.86M | 14.59M | 13.28M | 8.41M | 10.3M | 8.74M | 9.33M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 0 | 0 | 0 | -5.64M | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 656.1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 1.03B | 1.1B | 1.17B | 1.22B | 1.22B | 1.31B | 1.49B | 1.63B | 1.69B | 1.68B |
Total Debt | 958.62M | 1.02B | 1.09B | 1.15B | 1.14B | 1.22B | 1.39B | 1.53B | 1.6B | 1.06B |
Net Debt | 947.71M | 1.01B | 1.08B | 1.12B | 1.13B | 1.21B | 1.38B | 1.52B | 1.59B | 1.05B |
Long-Term Debt | 947.01M | 1.02B | 1B | 1.05B | 1.04B | 1.06B | 1.11B | 1.35B | 1.46B | 0 |
Short-Term Borrowings | 0 | 0 | 86.37M | 103.91M | 103.17M | 161.94M | 274.71M | 186.49M | 144.68M | 1.06B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 102.38M | 96.9M | 140.86M | 147.75M | 150.4M | 227.37M | 354.67M | 256.12M | 205.46M | 1.08B |
Accounts Payable | 23.12M | 32.42M | 35.2M | 24.38M | 25.56M | 42.98M | 57.02M | 46.16M | 36.62M | 0 |
Deferred Revenue | 29.08M | 28.85M | 29.31M | 23.29M | 25.19M | 23.17M | 22.75M | 23.03M | 22.84M | 20.2M |
Other Liabilities | 15.01M | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600.25M |
Total Equity | 393.1M▲ 0% | 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% | 477.26M▼ 4.8% | 473.47M▲ 0% |
Equity Growth % | 5.32% | 8.17% | 4.27% | -3.57% | 24.08% | -1.64% | -3.33% | -0.66% | -4.76% | -17.92% |
Shareholders Equity | 334.4M | 355.91M | 374.98M | 364.32M | 405.05M | 400.48M | 348.39M | 335.75M | 307.82M | 301.86M |
Minority Interest | 58.7M | 69.31M | 68.38M | 63.21M | 125.44M | 121.32M | 156.04M | 165.37M | 169.44M | 171.61M |
Common Stock | 221K | 227K | 232K | 235K | 238K | 240K | 241K | 243K | 245K | 246K |
Additional Paid-in Capital | 352.59M | 384.53M | 410.93M | 420.63M | 436.61M | 446.3M | 449.96M | 454.09M | 459.22M | 461.1M |
Retained Earnings | -198.41M | -208.85M | -221.18M | -241.53M | -256.45M | -273.56M | -288.82M | -306.54M | -337.71M | -345.86M |
Preferred Stock | 180M | 180M | 185M | 185M | 185M | 185M | 185M | 185M | 185M | 185M |
Return on Assets (ROA) | 3.49% | 3.43% | 3.29% | 2.47% | 2.85% | 2.8% | 2.75% | 2.46% | 1.75% | 1.71% |
Return on Equity (ROE) | 12.59% | 12.36% | 11.91% | 9.27% | 10.1% | 9.54% | 10.27% | 10.07% | 7.67% | 7.66% |
Debt / Assets | 67.39% | 66.9% | 67.43% | 69.94% | 65.48% | 66.7% | 69.55% | 72.08% | 74.07% | 49.28% |
Debt / Equity | 2.44x | 2.40x | 2.46x | 2.69x | 2.16x | 2.34x | 2.75x | 3.06x | 3.36x | 2.24x |
Net Debt / EBITDA | 4.21x | 5.50x | 5.57x | 11.08x | 10.09x | 10.58x | 6.41x | 8.87x | 8.93x | 5.59x |
Book Value per Share | 17.86 | 18.96 | 19.23 | 18.30 | 22.42 | 21.77 | 20.97 | 20.76 | 19.71 | 19.55 |
Saul Centers, Inc. (BFS) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 103.45M | 110.34M | 115.38M | 78.38M | 118.38M | 121.15M | 117.73M | 121.22M | 99.8M | 98.71M |
Operating CF Growth % | 16.12% | 6.66% | 4.57% | -32.07% | 51.03% | 2.34% | -2.83% | 2.97% | -17.68% | -65.8% |
Operating CF / Revenue % | 45.52% | 48.41% | 49.84% | 34.8% | 49.49% | 49.28% | 45.77% | 45.09% | 34.23% | 33.32% |
Net Income | 60.67M | 63.06M | 64.2M | 50.32M | 61.65M | 65.39M | 52.69M | 50.65M | 37.51M | 36.83M |
Depreciation & Amortization | 45.69M | 45.86M | 46.33M | 51.13M | 50.27M | 48.97M | 48.43M | 52.85M | 58.78M | 31.97M |
Stock-Based Compensation | 1.67M | 1.77M | 1.86M | 1.44M | 1.56M | 1.52M | 1.42M | 1.72M | 1.98M | 1.55M |
Other Non-Cash Items | 42.47M | 41.44M | 1.34M | 49.58M | 50.98M | -171K | 13.51M | 17.73M | 16.27M | 32.93M |
Working Capital Changes | -2.2M | 3.9M | 1.66M | -22.95M | 4.19M | 5.44M | 1.67M | -1.74M | -14.75M | -14.46M |
Cash from Investing | -113.31M | -128.65M | -135.66M | -56.17M | -55.87M | -116.89M | -203.68M | -188.73M | -95.81M | -78.34M |
Acquisitions (Net) | -22.84M | -76.26M | -113.77M | -37.06M | -28.23M | -101.11M | -177.49M | 0 | 0 | -36.95M |
Purchase of Investments | -119.99M | -129.98M | 0 | -56.54M | -55.87M | -116.89M | 0 | 0 | 0 | -28.71M |
Sale of Investments | 6.69M | 1.33M | 0 | 376K | 0 | 116.89M | 0 | 0 | 0 | 0 |
Other Investing | -90.46M | -52.39M | -21.89M | -19.11M | 28.23M | -34.79M | -26.2M | -188.73M | -95.81M | -12.67M |
Cash from Financing | 12.44M | 21.98M | 19.61M | -9.26M | -74.77M | -5.58M | 81.08M | 69.4M | -5.54M | -17.54M |
Dividends Paid | -56.95M | -58.71M | -60.96M | -60.58M | -62.16M | -66.72M | -67.92M | -68.09M | -68.34M | -51.29M |
Common Dividends | -44.58M | -46.31M | -48.57M | -49.38M | -50.96M | -55.52M | -56.72M | -56.89M | -57.15M | -42.89M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 2M |
Share Repurchases | 0 | -75.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -11.12M | -13.83M | -14.47M | -17.96M | -21.82M | -30.69M | -20.84M | -11.32M | -25.14M | -37.22M |
Net Change in Cash | 2.59M▲ 0% | 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% | -1.56M▼ 182.3% | 2.83M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 8.32M | 10.91M | 14.58M | 13.9M | 26.86M | 14.59M | 13.28M | 8.41M | 10.3M | 8.74M |
Cash at End | 10.91M | 14.58M | 13.9M | 26.86M | 14.59M | 13.28M | 8.41M | 10.3M | 8.74M | 9.33M |
Free Cash Flow | 103.45M▲ 0% | 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% | 99.8M▼ 17.7% | 98.71M▲ 0% |
FCF Growth % | 16.12% | 6.66% | 4.57% | 16.61% | -12.02% | 18.39% | -16% | 2.97% | -17.68% | -16.19% |
FCF / Revenue % | 45.52% | 48.41% | 49.84% | 59.75% | 49.49% | 57.01% | 45.77% | 45.09% | 34.23% | 33.32% |
Saul Centers, Inc. (BFS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 9.66 | 7.63 | 4 | 3.92 | 4.17 | 4.14 | 4.2 | 4.19 | 3.98 | 4.01 |
FFO Payout Ratio | 20.96% | 27.06% | 52.64% | 53.97% | 51.65% | 55.99% | 56.09% | 56.25% | 59.35% | 44.22% |
NOI Margin | 75.94% | 75.61% | 74.98% | 74.06% | 74.24% | 73.76% | 73.9% | 73.2% | 30.7% | 74.71% |
Net Debt / EBITDA | 4.21x | 5.50x | 5.57x | 11.08x | 10.09x | 10.58x | 6.41x | 8.87x | 8.93x | 5.59x |
Debt / Assets | 67.39% | 66.9% | 67.43% | 69.94% | 65.48% | 66.7% | 69.55% | 72.08% | 74.07% | 49.28% |
Interest Coverage | 2.26x | 2.36x | 2.54x | - | 2.32x | 2.44x | 2.50x | 2.26x | 1.70x | - |
Book Value / Share | 17.86 | 18.96 | 19.23 | 18.3 | 22.42 | 21.77 | 20.97 | 20.76 | 19.71 | 19.55 |
Revenue Growth | 4.71% | 0.27% | 1.59% | -2.73% | 6.22% | 2.77% | 4.62% | 4.53% | 8.45% | 8.11% |
Saul Centers, Inc. (BFS) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 11, 2026·SEC
May 7, 2026·SEC
Feb 27, 2026·SEC
Saul Centers, Inc. (BFS) stock FAQ — growth, dividends, profitability & financials explained
Saul Centers, Inc. (BFS) reported $296.2M in revenue for fiscal year 2025. This represents a 363% increase from $64.0M in 1996.
Saul Centers, Inc. (BFS) grew revenue by 8.5% over the past year. This is steady growth.
Yes, Saul Centers, Inc. (BFS) is profitable, generating $36.8M in net income for fiscal year 2025 (12.9% net margin).
Yes, Saul Centers, Inc. (BFS) pays a dividend with a yield of 6.55%. This makes it attractive for income-focused investors.
Saul Centers, Inc. (BFS) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.
Saul Centers, Inc. (BFS) generated Funds From Operations (FFO) of $97.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Saul Centers, Inc. (BFS) offers a 6.55% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.