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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Rental revenue $ 59,058 $ 55,749 $ 175,634 $ 163,167
Other 1,198 1,011 3,351 3,756
Total revenue 60,256 56,760 178,985 166,923
Expenses        
Property operating expenses 8,210 7,416 24,420 20,862
Real estate taxes 7,154 7,523 22,121 22,027
Interest expense, net and amortization of deferred debt costs 10,914 12,398 34,559 34,011
Depreciation and amortization of lease costs 12,467 13,713 37,852 37,593
General and administrative 4,626 4,107 14,234 13,790
Total expenses 43,371 45,157 133,186 128,283
Net Income 16,885 11,603 45,799 38,640
Noncontrolling interests        
Income attributable to noncontrolling interests (3,747) (2,236) (9,653) (7,681)
Net income attributable to Saul Centers, Inc. 13,138 9,367 36,146 30,959
Preferred stock dividends (2,798) (2,798) (8,395) (8,394)
Net income available to common stockholders 10,340 6,569 27,751 22,565
Net income available to common stockholders $ 10,340 $ 6,569 $ 27,751 $ 22,565
Per share net income available to common stockholders        
Basic (in usd per share) $ 0.44 $ 0.28 $ 1.17 $ 0.97
Diluted (in usd per share) $ 0.44 $ 0.28 $ 1.17 $ 0.97