Saul Centers, Inc. (BFS) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2023)
BFS's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
BFS Revenue Analysis (2013–2024)
As of March 1, 2026, Saul Centers, Inc. (BFS) generated trailing twelve-month (TTM) revenue of $282.6 million, reflecting solid growth of +7.0% year-over-year. The most recent quarter (Q3 2025) recorded $72.0 million in revenue, up 1.7% sequentially.
Looking at the longer-term picture, BFS's 5-year compound annual growth rate (CAGR) stands at +3.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $268.8 million in 2024, 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 KIM (+5.1% YoY), REG (+4.8% YoY), and BRX (+6.7% YoY), BFS has underperformed the peer group in terms of revenue growth. Compare BFS vs KIM →
Peer Comparison
Compare BFS's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BFSCurrent | $283M | +7.0% | +3.0% | 45.1% | |
| KIM | $2.0B | +5.1% | +11.9% | 30.9% | |
| REG | $1.5B | +4.8% | +5.2% | 64.4% | |
| BRX | $1.4B | +6.7% | +5.4% | 35.2% | |
| KRG | $848M | +0.7% | +26.0% | 23.1% | |
| PECO | $661M | +28.1% | +4.3% | 64.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
| 2015 | $209.1M | +1.0% | $158.8M | 76.0% | $52.9M | 25.3% |
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Start ComparisonFrequently Asked Questions
Is BFS's revenue growth accelerating or slowing?
BFS maintains +7.0% revenue growth, in line with its 5-year CAGR of +3.0%. TTM revenue stands at $283M. 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 +3.0% reflects the sustained expansion pattern. Current YoY growth of +7.0% 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 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.