XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Rental revenue $ 55,749 $ 55,487 $ 163,167 $ 168,242
Other 1,011 1,565 3,756 6,701
Total revenue 56,760 57,052 166,923 174,943
Expenses        
Property operating expenses 7,416 7,525 20,862 22,641
Real estate taxes 7,523 7,114 22,027 21,081
Interest expense, net and amortization of deferred debt costs 12,398 10,325 34,011 32,185
Depreciation and amortization of deferred leasing costs 13,713 12,018 37,593 35,185
General and administrative 4,107 4,742 13,790 14,696
Total expenses 45,157 41,724 128,283 125,788
Net Income 11,603 15,328 38,640 49,155
Noncontrolling interests        
Income attributable to noncontrolling interests (2,236) (3,102) (7,681) (10,250)
Net income attributable to Saul Centers, Inc. 9,367 12,226 30,959 38,905
Preferred stock dividends (2,798) (3,210) (8,394) (9,116)
Net income available to common stockholders $ 6,569 $ 9,016 $ 22,565 $ 29,789
Per share net income available to common stockholders        
Basic and diluted (in usd per share) $ 0.28 $ 0.39 $ 0.97 $ 1.30