Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate investments
Land	$ 453,322	$ 488,918
Buildings and equipment	1,292,631	1,273,275
Construction in progress	335,644	185,972
Total Purchase Price	2,081,597	1,948,165
Accumulated depreciation	(563,474)	(525,518)
Book Value	1,518,123	1,422,647
Cash and cash equivalents	13,905	14,578
Accounts receivable and accrued income, net	52,311	53,876
Deferred leasing costs, net	24,083	28,083
Prepaid expenses, net	5,363	5,175
Other assets	4,555	3,130
Total assets	1,618,340	1,527,489
Liabilities
Mortgage notes payable	821,503	880,271
Term loan facility payable	74,691	74,591
Revolving credit facility payable	86,371	45,329
Construction loan payable	108,623	21,655
Dividends and distributions payable	19,291	19,153
Accounts payable, accrued expenses and other liabilities	35,199	32,419
Deferred income	29,306	28,851
Total liabilities	1,174,984	1,102,269
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,231,240 and 22,739,207 shares issued and outstanding, respectively	232	227
Additional paid-in capital	410,926	384,533
Distributions in excess of accumulated earnings	(221,177)	(208,593)
Accumulated other comprehensive loss	0	(255)
Total Saul Centers, Inc. equity	374,981	355,912
Noncontrolling interests	68,375	69,308
Total equity	443,356	425,220
Total liabilities and equity	1,618,340	1,527,489
Series C Cumulative Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized, Series C Cumulative Redeemable, 0 and 42,000 shares issued and outstanding respectively, Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 shares issued and outstanding respectively	0	105,000
Series D Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized, Series C Cumulative Redeemable, 0 and 42,000 shares issued and outstanding respectively, Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 shares issued and outstanding respectively	75,000	75,000
Series E Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized, Series C Cumulative Redeemable, 0 and 42,000 shares issued and outstanding respectively, Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 shares issued and outstanding respectively	$ 110,000	$ 0