Saul Centers, Inc. (BFS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BFS Revenue Growth
Revenue Breakdown (FY 2023)
BFS's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
BFS Revenue Analysis (2014–2025)
As of May 8, 2026, Saul Centers, Inc. (BFS) generated trailing twelve-month (TTM) revenue of $298.0 million, reflecting solid growth of +8.9% year-over-year. The most recent quarter (Q1 2026) recorded $78.3 million in revenue, up 1.8% sequentially.
Looking at the longer-term picture, BFS's 5-year compound annual growth rate (CAGR) stands at +5.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $291.6 million in 2025, representing a new all-time high.
Revenue diversification analysis shows BFS's business is primarily driven by Shopping Centers (70%), and Mixed Use Properties (30%). With over half of revenue concentrated in Shopping Centers, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including RPT (+177.3% YoY), WHLR (-4.9% YoY), and NXRT (-0.7% YoY), BFS has underperformed the peer group in terms of revenue growth. Compare BFS vs RPT →
BFS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BFSCurrent | $298M | +8.9% | +5.3% | 41.0% | |
 RPT | $53M | +177.3% | +13.1% | 73.7% | |
 WHLR | $100M | -4.9% | +10.5% | 36.4% | |
 NXRT | $251M | -0.7% | +4.2% | 11.1% | |
 UE | $472M | +7.3% | +7.4% | 26.8% | |
 SITC | $123M | -54.7% | -23.2% | -1.3% |
BFS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $291.6M | +8.5% | $89.5M | 30.7% | $119.6M | 41.0% |
| 2024 | $268.8M | +4.5% | $196.8M | 73.2% | $121.2M | 45.1% |
| 2023 | $257.2M | +4.6% | $190.1M | 73.9% | $166.6M | 64.8% |
| 2022 | $245.9M | +2.8% | $181.3M | 73.8% | $65.4M | 26.6% |
| 2021 | $239.2M | +6.2% | $177.6M | 74.2% | $61.6M | 25.8% |
| 2020 | $225.2M | -2.7% | $166.8M | 74.1% | $50.3M | 22.3% |
| 2019 | $231.5M | +1.6% | $173.6M | 75.0% | $152.8M | 66.0% |
| 2018 | $227.9M | +0.3% | $172.3M | 75.6% | $62.6M | 27.4% |
| 2017 | $227.3M | +4.7% | $172.6M | 75.9% | $60.6M | 26.7% |
| 2016 | $217.1M | +3.8% | $164.9M | 75.9% | $55.7M | 25.7% |
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Start ComparisonBFS — Frequently Asked Questions
Quick answers to the most common questions about buying BFS stock.
Is BFS's revenue growth accelerating or slowing?
BFS maintains +8.9% revenue growth, in line with its 5-year CAGR of +5.3%. TTM revenue stands at $298M. Growth rate remains consistent with historical average.
What is BFS's long-term revenue growth rate?
Saul Centers, Inc.'s 5-year revenue CAGR of +5.3% reflects the sustained expansion pattern. Current YoY growth of +8.9% is near this long-term average.
How is BFS's revenue distributed by segment?
BFS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.