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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue      
Rental revenue $ 223,352 $ 221,734 $ 218,185
Other 8,173 5,485 8,114
Total revenue 231,525 227,219 226,299
Expenses      
Property operating expenses 29,946 28,202 27,689
Real estate taxes 27,987 27,376 26,997
Interest expense, net and amortization of deferred debt costs 41,834 44,768 47,145
Depreciation and amortization of deferred leasing costs 46,333 45,861 45,694
General and administrative 20,793 18,459 18,176
Total expenses 166,893 164,666 165,701
Change in fair value of derivatives (436) (3) 70
Gains on sale of property 0 509 0
Net income (loss) 64,196 63,059 60,668
Income attributable to noncontrolling interests (12,473) (12,505) (12,411)
Net income attributable to Saul Centers, Inc. 51,723 50,554 48,257
Preferred stock dividends (12,235) (12,262) (12,375)
Extinguishment of issuance costs upon redemption of preferred shares (3,235) (2,328) 0
Net income available to common stockholders $ 36,253 $ 35,964 $ 35,882
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.58 $ 1.61 $ 1.64
Diluted (in usd per share) $ 1.57 $ 1.60 $ 1.63