Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate investments
Land	$ 424,840	$ 424,837
Buildings and equipment	1,114,635	1,114,357
Construction in progress	92,698	83,516
Real estate investments	1,632,173	1,622,710
Accumulated depreciation	(431,463)	(425,370)
Real estate investments, net	1,200,710	1,197,340
Cash and cash equivalents	15,352	10,003
Accounts receivable and accrued income, net	48,593	51,076
Deferred leasing costs, net	26,815	26,919
Prepaid expenses, net	3,401	4,663
Other assets	6,764	5,407
Total assets	1,301,635	1,295,408
Liabilities
Notes payable	790,324	796,169
Revolving credit facility payable	21,825	26,695
Construction loan payable	53,042	43,641
Dividends and distributions payable	16,570	15,380
Accounts payable, accrued expenses and other liabilities	30,893	27,687
Deferred income	30,959	32,109
Total liabilities	943,613	941,681
Stockholders’ equity
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 72,000 shares issued and outstanding	180,000	180,000
Common stock, $0.01 par value, 40,000,000 shares authorized, 21,335,346 and 21,266,239 shares issued and outstanding, respectively	213	213
Additional paid-in capital	308,574	305,008
Accumulated deficit	(180,264)	(180,091)
Accumulated other comprehensive loss	(2,313)	(1,802)
Total Saul Centers, Inc. stockholders’ equity	306,210	303,328
Noncontrolling interest	51,812	50,399
Total stockholders’ equity	358,022	353,727
Total liabilities and stockholders’ equity	$ 1,301,635	$ 1,295,408