Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Real estate investments
Land	$ 511,482	$ 453,322
Buildings and equipment	1,543,837	1,292,631
Construction in progress	69,477	335,644
Total Purchase Price	2,124,796	2,081,597
Accumulated depreciation	(607,706)	(563,474)
Book Value	1,517,090	1,518,123
Cash and cash equivalents	26,856	13,905
Accounts receivable and accrued income, net	64,917	52,311
Deferred leasing costs, net	26,872	24,083
Prepaid expenses, net	5,643	5,363
Other assets	4,194	4,555
Total assets	1,645,572	1,618,340
Liabilities
Mortgage notes payable	827,603	821,503
Term loan facility payable	74,791	74,691
Revolving credit facility payable	103,913	86,371
Construction loan payable	144,607	108,623
Dividends and distributions payable	19,448	19,291
Accounts payable, accrued expenses and other liabilities	24,384	35,199
Deferred income	23,293	29,306
Total liabilities	1,218,039	1,174,984
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,476,626 and 23,231,240 shares issued and outstanding, respectively	235	232
Additional paid-in capital	420,625	410,926
Distributions in excess of accumulated earnings	(241,535)	(221,177)
Total Saul Centers, Inc. equity	364,325	374,981
Noncontrolling interests	63,208	68,375
Total equity	427,533	443,356
Total liabilities and equity	1,645,572	1,618,340
Series D Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized, Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 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, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 shares issued and outstanding respectively	$ 110,000	$ 110,000