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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Base rent $ 45,575 $ 42,580 $ 90,051 $ 85,187
Expense recoveries 8,337 7,892 16,931 17,450
Percentage rent 519 596 901 959
Other 1,476 1,642 6,490 6,040
Total revenue 55,907 52,710 114,373 109,636
Operating expenses        
Property operating expenses 6,473 6,060 13,125 14,055
Provision for credit losses 207 384 550 816
Real estate taxes 6,700 6,137 13,290 12,071
Interest expense and amortization of deferred debt costs 11,900 11,655 23,764 22,744
Depreciation and amortization of deferred leasing costs 11,691 10,817 23,033 21,852
General and administrative 4,514 4,407 8,815 8,467
Total operating expenses 41,485 39,460 82,577 80,005
Operating income 14,422 13,250 31,796 29,631
Change in fair value of derivatives (1) (3) (1) (10)
Net income (loss) 14,421 13,247 31,795 29,621
Noncontrolling interests        
Income attributable to noncontrolling interests (2,911) (2,620) (6,581) (6,046)
Net income attributable to Saul Centers, Inc. 11,510 10,627 25,214 23,575
Preferred stock dividends (3,094) (3,094) (6,188) (6,188)
Net income attributable to common stockholders $ 8,416 $ 7,533 $ 19,026 $ 17,387
Per share net income attributable to common stockholders        
Basic and diluted (in usd per share) $ 0.38 $ 0.35 $ 0.87 $ 0.81
Dividends declared per common share outstanding (in usd per share) $ 0.51 $ 0.47 $ 1.02 $ 0.94