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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Restricted Stock Units (RSUs)
Twinbrook Metro Station
Limited Partner
Series D Cumulative Redeemable Preferred Stock
Series E Cumulative Redeemable Preferred Stock
Total Saul Centers, Inc.
Total Saul Centers, Inc.
Restricted Stock Units (RSUs)
Twinbrook Metro Station
Total Saul Centers, Inc.
Limited Partner
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
Restricted Stock Units (RSUs)
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
Limited Partner
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   $ 0       1 2,839             $ 575
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 323         323             323              
Restricted Units Released Pursuant to First Escrow Release   $ 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, 2021 530,487         405,049         185,000 238 436,609 39,650   (256,448)     125,438  
Issuance of shares of common stock:                                        
Issuance of shares pursuant to dividend reinvestment plan 2,949   $ 653     2,949   $ 0       1 2,948             $ 653
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 594         594             594              
Net income 17,491         13,365                   13,365     4,126  
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 (18,917)         (13,625)                   (13,625)     (5,292)  
Ending Balance at Mar. 31, 2022 $ 530,459         $ 405,534         $ 185,000 $ 239 $ 440,151 $ 39,650   $ (259,506)     $ 124,925