XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Real estate investments    
Land $ 412,141 $ 354,967
Buildings and equipment 1,105,717 1,094,605
Construction in progress 21,305 9,867
Real estate investments 1,539,163 1,459,439
Accumulated depreciation (387,765) (364,663)
Real estate investments, net 1,151,398 1,094,776
Cash and cash equivalents 13,022 17,297
Accounts receivable and accrued income, net 47,008 43,884
Deferred leasing costs, net 26,751 26,052
Prepaid expenses, net 6,858 4,047
Deferred debt costs, net 10,192 9,675
Other assets 3,299 2,944
Total assets 1,258,528 1,198,675
Liabilities    
Notes payable 814,606 820,068
Revolving credit facility payable 30,000 0
Construction loan payable 1,859 0
Dividends and distributions payable 14,434 13,135
Accounts payable, accrued expenses and other liabilities 24,926 20,141
Deferred income 33,417 30,205
Total liabilities 919,242 883,549
Preferred stock, 1,000,000 shares authorized:    
Common stock, $0.01 par value, 40,000,000 shares authorized, 20,870,003 and 20,576,616 shares issued and outstanding, respectively 209 206
Additional paid-in capital 283,456 270,428
Accumulated deficit (170,673) (172,564)
Accumulated other comprehensive loss (1,595) (1,392)
Total Saul Centers, Inc. stockholders’ equity 291,397 276,678
Noncontrolling interest 47,889 38,448
Total stockholders’ equity 339,286 315,126
Total liabilities and stockholders’ equity 1,258,528 1,198,675
Series A Preferred Stock
   
Preferred stock, 1,000,000 shares authorized:    
Cumulative Redeemable Preferred stock 40,000 40,000
Series C Preferred Stock
   
Preferred stock, 1,000,000 shares authorized:    
Cumulative Redeemable Preferred stock $ 140,000 $ 140,000