Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real estate investments
Land	$ 503,802	$ 453,322
Buildings and equipment	1,505,909	1,292,631
Construction in progress	101,359	335,644
Total Purchase Price	2,111,070	2,081,597
Accumulated depreciation	(584,002)	(563,474)
Real estate investments, net	1,527,068	1,518,123
Cash and cash equivalents	66,457	13,905
Accounts receivable and accrued income, net	57,926	52,311
Deferred leasing costs, net	27,057	24,083
Prepaid expenses, net	1,579	5,363
Other assets	6,549	4,555
Total assets	1,686,636	1,618,340
Liabilities
Notes payable	791,534	821,503
Term loan facility payable	74,741	74,691
Revolving credit facility payable	173,642	86,371
Construction loan payable	134,650	108,623
Dividends and distributions payable	19,358	19,291
Accounts payable, accrued expenses and other liabilities	30,311	35,199
Deferred income	24,114	29,306
Total liabilities	1,248,350	1,174,984
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,342,699 and 23,231,240 shares issued and outstanding, respectively	233	232
Additional paid-in capital	416,793	410,926
Distributions in excess of accumulated earnings	(229,918)	(221,177)
Total Saul Centers, Inc. equity	372,108	374,981
Noncontrolling interests	66,178	68,375
Total equity	438,286	443,356
Total liabilities and equity	1,686,636	1,618,340
Series D Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized: Series D Cumulative Redeemable, 33,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 shares issued and outstanding respectively	75,000	75,000
Series E Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized: Series D Cumulative Redeemable, 33,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 shares issued and outstanding respectively	$ 110,000	$ 110,000