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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Twinbrook Metro Station
Ashbrook Marketplace
Limited Partner
Limited Partner
Twinbrook Metro Station
Series D Cumulative Redeemable Preferred Stock
Series E Cumulative Redeemable Preferred Stock
Total Saul Centers, Inc.
Total Saul Centers, Inc.
Twinbrook Metro Station
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
Partnership Units in Escrow
Partnership Units in Escrow
Twinbrook Metro Station
Distributions in Excess of Accumulated Earnings
Distributions in Excess of Accumulated Earnings
Series D Cumulative Redeemable Preferred Stock
Distributions in Excess of Accumulated Earnings
Series E Cumulative Redeemable Preferred Stock
Noncontrolling Interests
Noncontrolling Interests
Ashbrook Marketplace
Noncontrolling Interests
Limited Partner
Noncontrolling Interests
Limited Partner
Twinbrook Metro Station
Beginning Balance at Dec. 31, 2019 $ 443,356             $ 374,981       $ 185,000 $ 232 $ 410,926 $ 0   $ (221,177)     $ 68,375      
Issuance of shares of common stock:                                              
Issuance of shares pursuant to dividend reinvestment plan 4,081     $ 734       4,081         1 4,080               $ 734  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 956             956           956                  
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 0   (223,075)     68,486      
Beginning Balance at Dec. 31, 2019 443,356             374,981       185,000 232 410,926 0   (221,177)     68,375      
Issuance of shares of common stock:                                              
Net income 38,640                                            
Ending Balance at Sep. 30, 2020 431,617             367,018       185,000 234 417,504 0   (235,720)     64,599      
Beginning Balance at Mar. 31, 2020 446,606             378,120       185,000 233 415,962 0   (223,075)     68,486      
Issuance of shares of common stock:                                              
Issuance of shares pursuant to dividend reinvestment plan 407             407           407                  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 424             424           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 0   (229,918)     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      
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 0   (235,720)     64,599      
Beginning Balance at Dec. 31, 2020 427,533             364,325       185,000 235 420,625 0   (241,535)     63,208      
Issuance of shares of common stock:                                              
Issuance of shares pursuant to dividend reinvestment plan 2,840     575       2,840         1 2,839               575  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 323             323           323                  
Stock issued during period, value, acquisitions   $ 79,300             $ 79,300             $ 79,300              
Net income 12,795             10,262                 10,262     2,533      
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 (16,706)             (12,488)                 (12,488)     (4,218)      
Ending Balance at Mar. 31, 2021 503,862             441,764       185,000 236 423,787 79,300   (246,559)     62,098      
Beginning Balance at Dec. 31, 2020 427,533             364,325       185,000 235 420,625 0   (241,535)     63,208      
Issuance of shares of common stock:                                              
Net income 45,799                                            
Ending Balance at Sep. 30, 2021 529,607             442,765       185,000 237 430,537 79,300   (252,309)     86,842      
Beginning Balance at Mar. 31, 2021 503,862             441,764       185,000 236 423,787 79,300   (246,559)     62,098      
Issuance of shares of common stock:                                              
Issuance of shares pursuant to dividend reinvestment plan 2,855     $ 585       2,855           2,855               $ 585  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 705             705           705                  
Stock issued during period, value, acquisitions     $ 4,320   $ 21,500                               $ 4,320   $ 21,500
Net income 16,119             12,746                 12,746     3,373      
Distributions payable preferred stock:                                              
Preferred stock distributions           (1,149) (1,650)     (1,149) (1,650)             (1,149) (1,650)        
Distributions payable, common stock and partnership units (17,694)             (13,000)                 (13,000)     (4,694)      
Ending Balance at Jun. 30, 2021 529,453             442,271       185,000 236 427,347 79,300   (249,612)     87,182      
Issuance of shares of common stock:                                              
Issuance of shares pursuant to dividend reinvestment plan 2,897             2,897         1 2,896                  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 294             294         0 294                  
Issuance of partnership units pursuant to dividend reinvestment plan 615                                     615      
Net income 16,885             13,138                 13,138     3,747      
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 (17,739)             (13,037)                 (13,037)     (4,702)      
Ending Balance at Sep. 30, 2021 $ 529,607             $ 442,765       $ 185,000 $ 237 $ 430,537 $ 79,300   $ (252,309)     $ 86,842