Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Real estate investments
Land	$ 511,529	$ 511,529
Buildings and equipment	1,570,123	1,566,686
Construction in progress	225,087	205,911
Total purchase price	2,306,739	2,284,126
Accumulated depreciation	(660,855)	(650,113)
Real estate investments, net	1,645,884	1,634,013
Cash and cash equivalents	12,313	14,594
Accounts receivable and accrued income, net	56,357	58,659
Deferred leasing costs, net	23,420	24,005
Other assets	17,578	15,490
Total assets	1,755,552	1,746,761
Liabilities
Notes payable	905,225	941,456
Revolving credit facility payable	135,360	103,167
Term loan facility payable	99,270	99,233
Accounts payable, accrued expenses and other liabilities	39,649	25,558
Deferred income	23,867	25,188
Dividends and distributions payable	21,722	21,672
Total liabilities	1,225,093	1,216,274
Equity
Common stock, $0.01 par value, 42,000,000 shares authorized, 23,910,338 and 23,840,471 shares issued and outstanding, respectively	239	238
Additional paid-in capital	440,151	436,609
Partnership units in escrow	39,650	39,650
Distributions in excess of accumulated earnings	(259,506)	(256,448)
Total Saul Centers, Inc. equity	405,534	405,049
Noncontrolling interests	124,925	125,438
Total equity	530,459	530,487
Total liabilities and equity	1,755,552	1,746,761
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