Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Real estate investments
Land	$ 511,529	$ 511,529
Buildings and equipment	1,574,872	1,566,686
Construction in progress	285,810	205,911
Total purchase price	2,372,211	2,284,126
Accumulated depreciation	(679,121)	(650,113)
Real estate investments, net	1,693,090	1,634,013
Cash and cash equivalents	10,291	14,594
Accounts receivable and accrued income, net	58,682	58,659
Deferred leasing costs, net	22,221	24,005
Other assets	25,734	15,490
Total assets	1,810,018	1,746,761
Liabilities
Notes payable, net	969,109	941,456
Revolving credit facility payable, net	125,747	103,167
Term loan facility payable, net	99,344	99,233
Accounts payable, accrued expenses and other liabilities	39,169	25,558
Deferred income	25,887	25,188
Dividends and distributions payable	22,445	21,672
Total liabilities	1,281,701	1,216,274
Equity
Common stock, $0.01 par value, 42,000,000 shares authorized, 24,001,546 and 23,840,471 shares issued and outstanding, respectively	240	238
Additional paid-in capital	445,456	436,609
Partnership units in escrow	39,650	39,650
Distributions in excess of accumulated earnings	(268,451)	(256,448)
Accumulated other comprehensive income	3,063	0
Total Saul Centers, Inc. equity	404,958	405,049
Noncontrolling interests	123,359	125,438
Total equity	528,317	530,487
Total liabilities and equity	1,810,018	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