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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Rental revenue $ 59,951 $ 59,058 $ 179,765 $ 175,634
Other 1,136 1,198 3,759 3,351
Total revenue 61,087 60,256 183,524 178,985
Expenses        
Property operating expenses 8,995 8,210 26,174 24,420
Real estate taxes 7,078 7,154 21,652 22,121
Interest expense, net and amortization of deferred debt costs 11,103 10,914 32,162 34,559
Depreciation and amortization of lease costs 12,195 12,467 36,899 37,852
General and administrative 5,555 4,626 15,988 14,234
Loss on early extinguishment of debt 648 0 648 0
Total expenses 45,574 43,371 133,523 133,186
Net Income 15,513 16,885 50,001 45,799
Noncontrolling interests        
Income attributable to noncontrolling interests (3,563) (3,747) (11,670) (9,653)
Net income attributable to Saul Centers, Inc. 11,950 13,138 38,331 36,146
Preferred stock dividends (2,798) (2,798) (8,395) (8,395)
Net income available to common stockholders 9,152 10,340 29,936 27,751
Net income available to common stockholders $ 9,152 $ 10,340 $ 29,936 $ 27,751
Per share net income available to common stockholders        
Basic (in usd per share) $ 0.38 $ 0.44 $ 1.25 $ 1.17
Diluted (in usd per share) $ 0.38 $ 0.44 $ 1.25 $ 1.17