Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Real estate investments
Land	$ 453,322	$ 453,322
Buildings and equipment	1,300,605	1,292,631
Construction in progress	345,880	335,644
Total Purchase Price	2,099,807	2,081,597
Accumulated depreciation	(572,912)	(563,474)
Real estate investments, net	1,526,895	1,518,123
Cash and cash equivalents	31,935	13,905
Accounts receivable and accrued income, net	49,994	52,311
Deferred leasing costs, net	27,546	24,083
Prepaid expenses, net	3,611	5,363
Other assets	4,859	4,555
Total assets	1,644,840	1,618,340
Liabilities
Notes payable	798,343	821,503
Term loan facility payable	74,716	74,691
Revolving credit facility payable	123,507	86,371
Construction loan payable	122,510	108,623
Dividends and distributions payable	19,350	19,291
Accounts payable, accrued expenses and other liabilities	35,122	35,199
Deferred income	24,686	29,306
Total liabilities	1,198,234	1,174,984
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,326,963 and 23,231,240 shares issued and outstanding, respectively	233	232
Additional paid-in capital	415,962	410,926
Distributions in excess of accumulated earnings	(223,075)	(221,177)
Total Saul Centers, Inc. equity	378,120	374,981
Noncontrolling interests	68,486	68,375
Total equity	446,606	443,356
Total liabilities and equity	1,644,840	1,618,340
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
Series E 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	$ 110,000	$ 110,000