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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Rental revenue $ 234,515 $ 220,281 $ 223,352
Other 4,710 4,926 8,173
Total revenue 239,225 225,207 231,525
Expenses      
Property operating expenses 32,881 28,857 29,946
Real estate taxes 28,747 29,560 27,987
Interest expense, net and amortization of deferred debt costs 45,424 46,519 41,834
Depreciation and amortization of deferred leasing costs 50,272 51,126 46,333
General and administrative 20,252 19,107 20,793
Total expenses 177,576 175,169 166,893
Change in fair value of derivatives 0 0 (436)
Gain on sale of property 0 278 0
Net income (loss) 61,649 50,316 64,196
Income attributable to noncontrolling interests (13,260) (9,934) (12,473)
Net income attributable to Saul Centers, Inc. 48,389 40,382 51,723
Preferred stock dividends (11,194) (11,194) (12,235)
Extinguishment of issuance costs upon redemption of preferred shares 0 0 (3,235)
Net income available to common stockholders $ 37,195 $ 29,188 $ 36,253
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.57 $ 1.25 $ 1.58
Diluted (in usd per share) $ 1.57 $ 1.25 $ 1.57