Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real estate investments
Land	$ 488,942	$ 488,918
Buildings and equipment	1,275,927	1,273,275
Construction in progress	216,545	185,972
Total Purchase Price	1,981,414	1,948,165
Accumulated depreciation	(535,269)	(525,518)
Real estate investments, net	1,446,145	1,422,647
Cash and cash equivalents	11,456	14,578
Accounts receivable and accrued income, net	51,603	53,876
Deferred leasing costs, net	26,967	28,083
Prepaid expenses, net	4,064	5,175
Other assets	5,593	3,130
Total assets	1,545,828	1,527,489
Liabilities
Notes payable	873,143	880,271
Revolving credit facility payable	38,465	45,329
Term loan facility payable	74,616	74,591
Construction loan payable	36,897	21,655
Dividends and distributions payable	19,224	19,153
Accounts payable, accrued expenses and other liabilities	47,671	32,419
Deferred income	25,481	28,851
Total liabilities	1,115,497	1,102,269
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 22,860,039 and 22,739,207 shares issued and outstanding, respectively	229	227
Additional paid-in capital	391,122	384,533
Distributions in excess of accumulated earnings	(210,207)	(208,593)
Accumulated other comprehensive loss	(289)	(255)
Total Saul Centers, Inc. equity	360,855	355,912
Noncontrolling interest	69,476	69,308
Total equity	430,331	425,220
Total liabilities and equity	1,545,828	1,527,489
Series C Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 42,000 shares issued and outstanding, Series D Cumulative Redeemable, 30,000 shares issued and outstanding respectively	105,000	105,000
Series D Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 42,000 shares issued and outstanding, Series D Cumulative Redeemable, 30,000 shares issued and outstanding respectively	$ 75,000	$ 75,000