Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Real estate investments
Land	$ 511,596	$ 511,482
Buildings and equipment	1,563,059	1,543,837
Construction in progress	191,707	69,477
Total purchase price	2,266,362	2,124,796
Accumulated depreciation	(639,241)	(607,706)
Real estate investments, net	1,627,121	1,517,090
Cash and cash equivalents	11,917	26,856
Accounts receivable and accrued income, net	61,855	64,917
Deferred leasing costs, net	24,638	26,872
Other assets	13,969	9,837
Total assets	1,739,500	1,645,572
Liabilities
Notes payable	794,586	827,603
Construction loan payable	147,112	144,607
Revolving credit facility payable	95,028	103,913
Term loan facility payable	99,209	74,791
Accounts payable, accrued expenses and other liabilities	27,199	24,384
Deferred income	26,216	23,293
Dividends and distributions payable	20,543	19,448
Total liabilities	1,209,893	1,218,039
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,713,961 and 23,476,626 shares issued and outstanding, respectively	237	235
Additional paid-in capital	430,537	420,625
Partnership units in escrow	79,300	0
Distributions in excess of accumulated earnings	(252,309)	(241,535)
Total Saul Centers, Inc. equity	442,765	364,325
Noncontrolling interests	86,842	63,208
Total equity	529,607	427,533
Total liabilities and equity	1,739,500	1,645,572
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 shares issued and outstanding	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 shares issued and outstanding	$ 110,000	$ 110,000