Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Business Segments

SAUL CENTERS, INC. Notes to Consolidated Financial Statements
(In thousands)	Shopping			Mixed-Use			Corporate			Consolidated
As of or for the year ended December 31, 2017	Centers			Properties			and Other			Totals
Real estate rental operations:
Revenue	$	165,853		$	61,352		$	80		$	227,285
Expenses	(34,675		)	(20,917		)	—			(55,592		)
Income from real estate	131,178			40,435			80			171,693
Interest expense and amortization of deferred debt costs	—			—			(47,225		)	(47,225		)
General and administrative	—			—			(18,176		)	(18,176		)
Subtotal	131,178			40,435			(65,321		)	106,292
Depreciation and amortization of deferred leasing costs	(29,977		)	(15,717		)	—			(45,694		)
Change in fair value of derivatives	—			—			70			70
Net income (loss)	$	101,201		$	24,718		$	(65,251	)	$	60,668
Capital investment	$	90,896		$	29,098		$	—		$	119,994
Total assets	$	974,061		$	438,283		$	10,108		$	1,422,452
As of or for the year ended December 31, 2016
Real estate rental operations:
Revenue	$	160,179		$	56,840		$	51		$	217,070
Expenses	(34,931		)	(18,770		)	—			(53,701		)
Income from real estate	125,248			38,070			51			163,369
Interest expense and amortization of deferred debt costs	—			—			(45,683		)	(45,683		)
General and administrative	—			—			(17,496		)	(17,496		)
Subtotal	125,248			38,070			(63,128		)	100,190
Depreciation and amortization of deferred leasing costs	(29,964		)	(14,453		)	—			(44,417		)
Acquisition related costs	(60		)	—			—			(60		)
Change in fair value of derivatives	—			—			(6		)	(6		)
Gain on sale of property	—			1,013			—			1,013
Net income (loss)	$	95,224		$	24,630		$	(63,134	)	$	56,720
Capital investment	$	64,044		$	27,001		$	—		$	91,045
Total assets	$	976,545		$	358,419		$	8,061		$	1,343,025

SAUL CENTERS, INC. Notes to Consolidated Financial Statements (continued)
(In thousands)	Shopping			Mixed-Use			Corporate			Consolidated
As of or for the year ended December 31, 2015	Centers			Properties			and Other			Totals
Real estate rental operations:
Revenue	$	156,110		$	52,916		$	51		$	209,077
Expenses	(33,877		)	(17,266		)	—			(51,143		)
Income from real estate	122,233			35,650			51			157,934
Interest expense and amortization of deferred debt costs	—			—			(45,165		)	(45,165		)
General and administrative	—			—			(16,353		)	(16,353		)
Subtotal	122,233			35,650			(61,467		)	96,416
Depreciation and amortization of deferred leasing costs	(30,171		)	(13,099		)	—			(43,270		)
Acquisition related costs	(84		)	—			—			(84		)
Predevelopment expenses	(57		)	(75		)	—			(132		)
Change in fair value of derivatives	—			—			(10		)	(10		)
Gain on sale of property	11			—			—			11
Net income (loss)	$	91,932		$	22,476		$	(61,477	)	$	52,931
Capital investment	$	17,159		$	52,460		$	—		$	69,619
Total assets	$	931,256		$	354,254		$	9,898		$	1,295,408