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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Series C Cumulative Preferred Stock
Series D Cumulative Redeemable Preferred Stock
Series E Cumulative Redeemable Preferred Stock
Total Saul Centers, Inc.
Total Saul Centers, Inc.
Series C Cumulative Preferred Stock
Total Saul Centers, Inc.
Series D Cumulative Redeemable Preferred Stock
Total Saul Centers, Inc.
Series E Cumulative Redeemable Preferred Stock
Preferred Stock
Common Stock
Additional Paid-in Capital
Distributions in Excess of Accumulated Earnings
Distributions in Excess of Accumulated Earnings
Series C Cumulative Preferred Stock
Distributions in Excess of Accumulated Earnings
Series D Cumulative Redeemable Preferred Stock
Distributions in Excess of Accumulated Earnings
Series E Cumulative Redeemable Preferred Stock
Accumulated Other Comprehensive (Loss)
Noncontrolling Interests
Beginning Balance at Dec. 31, 2018 $ 425,220       $ 355,912       $ 180,000 $ 227 $ 384,533 $ (208,593)       $ (255) $ 69,308
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 6,171       6,171         1 6,170            
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 420       420         1 419            
Issuance of partnership units pursuant to dividend reinvestment plan 705                               705
Net income 17,077       13,447             13,447         3,630
Change in unrealized loss on cash flow hedge (46)       (34)                     (34) (12)
Distributions payable preferred stock:                                  
Preferred stock distributions   $ (1,805) $ (1,148)     $ (1,805) $ (1,148)           $ (1,805) $ (1,148)      
Distributions payable, common stock and partnership units (16,263)       (12,108)             (12,108)         (4,155)
Ending Balance at Mar. 31, 2019 430,331       360,855       180,000 229 391,122 (210,207)       (289) 69,476
Beginning Balance at Dec. 31, 2018 425,220       355,912       180,000 227 384,533 (208,593)       (255) 69,308
Issuance of shares of common stock:                                  
Net income 49,155                                
Change in unrealized loss on cash flow hedge (118)                                
Ending Balance at Sep. 30, 2019 545,437       475,949       290,000 231 401,395 (215,334)       (343) 69,488
Beginning Balance at Mar. 31, 2019 430,331       360,855       180,000 229 391,122 (210,207)       (289) 69,476
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 5,128       5,128         1 5,127            
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 2,798       2,798         0 2,798            
Issuance of partnership units pursuant to dividend reinvestment plan 1,029                               1,029
Net income 16,750       13,232             13,232         3,518
Change in unrealized loss on cash flow hedge (127)       (95)                     (95) (32)
Distributions payable preferred stock:                                  
Preferred stock distributions   (1,805) (1,148)     (1,805) (1,148)           (1,805) (1,148)      
Distributions payable, common stock and partnership units (16,347)       (12,181)             (12,181)         (4,166)
Ending Balance at Jun. 30, 2019 436,609       366,784       180,000 230 399,047 (212,109)       (384) 69,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Issuance of cumulative preferred stock 106,269       106,269       110,000   (3,731)            
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 5,674       5,674         1 5,673            
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 406       406         0 406            
Issuance of partnership units pursuant to dividend reinvestment plan 720                               720
Net income 15,328       12,226             12,226         3,102
Change in unrealized loss on cash flow hedge 55       41                     41 14
Distributions payable preferred stock:                                  
Preferred stock distributions   $ (1,805) (1,148) $ (257)   $ (1,805) (1,148) $ (257)         $ (1,805) (1,148) $ (257)    
Distributions payable, common stock and partnership units (16,414)       (12,241)             (12,241)         (4,173)
Ending Balance at Sep. 30, 2019 545,437       475,949       290,000 231 401,395 (215,334)       (343) 69,488
Beginning Balance at Dec. 31, 2019 443,356       374,981       185,000 232 410,926 (221,177)       0 68,375
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 4,081       4,081         1 4,080            
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 956       956         0 956            
Issuance of partnership units pursuant to dividend reinvestment plan 734                               734
Net income 16,829       13,264             13,264         3,565
Distributions payable preferred stock:                                  
Preferred stock distributions     (1,148) (1,650)     (1,148) (1,650)           (1,148) (1,650)    
Distributions payable, common stock and partnership units (16,552)       (12,364)             (12,364)         (4,188)
Ending Balance at Mar. 31, 2020 446,606       378,120       185,000 233 415,962 (223,075)       0 68,486
Beginning Balance at Dec. 31, 2019 443,356       374,981       185,000 232 410,926 (221,177)       0 68,375
Issuance of shares of common stock:                                  
Net income 38,640                                
Change in unrealized loss on cash flow hedge 0                                
Ending Balance at Sep. 30, 2020 431,617       367,018       185,000 234 417,504 (235,720)       0 64,599
Beginning Balance at Mar. 31, 2020 446,606       378,120       185,000 233 415,962 (223,075)       0 68,486
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 407       407         0 407            
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 424       424         0 424            
Net income 10,208       8,328             8,328         1,880
Distributions payable preferred stock:                                  
Preferred stock distributions     (1,148) (1,650)     (1,148) (1,650)           (1,148) (1,650)    
Distributions payable, common stock and partnership units (16,561)       (12,373)             (12,373)         (4,188)
Ending Balance at Jun. 30, 2020 438,286       372,108       185,000 233 416,793 (229,918)       0 66,178
Issuance of shares of common stock:                                  
Issuance of shares pursuant to dividend reinvestment plan 422       422         1 421            
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 290       290         0 290            
Issuance of partnership units pursuant to dividend reinvestment plan 380                               380
Net income 11,603       9,367             9,367         2,236
Change in unrealized loss on cash flow hedge 0                                
Distributions payable preferred stock:                                  
Preferred stock distributions     $ (1,148) $ (1,650)     $ (1,148) $ (1,650)           $ (1,148) $ (1,650)    
Distributions payable, common stock and partnership units (16,566)       (12,371)             (12,371)         (4,195)
Ending Balance at Sep. 30, 2020 $ 431,617       $ 367,018       $ 185,000 $ 234 $ 417,504 $ (235,720)       $ 0 $ 64,599