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Consolidated Statement of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Twinbrook Metro Station
Ashbrook Marketplace
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.
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
Twinbrook Metro Station
Noncontrolling Interests
Ashbrook Marketplace
Noncontrolling Interests
Limited Partner
Accumulated Other Comprehensive Income
Beginning Balance at Dec. 31, 2020 $ 427,533             $ 364,325       $ 185,000 $ 235 $ 420,625 $ 0   $ (241,535)     $ 63,208       $ 0
Issuance of shares of common stock:                                                
Issuance of shares pursuant to dividend reinvestment plan 2,840       $ 575     2,840         1 2,839                 $ 575  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 323             323           323                    
Partnership units placed in escrow pursuant to Twinbrook contribution       $ 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, 2020 427,533             364,325       185,000 235 420,625 0   (241,535)     63,208       0
Issuance of shares of common stock:                                                
Net income 45,799                                              
Ending Balance at Sep. 30, 2021 529,607             442,765       185,000 237 430,537 79,300   (252,309)     86,842       0
Beginning Balance at Mar. 31, 2021 503,862             441,764       185,000 236 423,787 79,300   (246,559)     62,098        
Issuance of shares of common stock:                                                
Issuance of shares pursuant to dividend reinvestment plan 2,855             2,855           2,855                    
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 705             705           705                    
Issuance of partnership units pursuant to dividend reinvestment plan         585                                   585  
Stock issued during period, value, acquisitions   $ 21,500 $ 4,320                                   $ 21,500 $ 4,320    
Net income 16,119             12,746                 12,746     3,373        
Distributions payable preferred stock:                                                
Preferred stock distributions           (1,149) (1,650)     (1,149) (1,650)             (1,149) (1,650)          
Distributions payable, common stock and partnership units (17,694)             (13,000)                 (13,000)     (4,694)        
Ending Balance at Jun. 30, 2021 529,453             442,271       185,000 236 427,347 79,300   (249,612)     87,182       0
Issuance of shares of common stock:                                                
Issuance of shares pursuant to dividend reinvestment plan 2,897             2,897         1 2,896                    
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 294             294         0 294                    
Issuance of partnership units pursuant to dividend reinvestment plan 615                                     615        
Net income 16,885             13,138                 13,138     3,747        
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 (17,739)             (13,037)                 (13,037)     (4,702)        
Ending Balance at Sep. 30, 2021 529,607             442,765       185,000 237 430,537 79,300   (252,309)     86,842       0
Beginning Balance at Dec. 31, 2021 530,487             405,049       185,000 238 436,609 39,650   (256,448)     125,438       0
Issuance of shares of common stock:                                                
Issuance of shares pursuant to dividend reinvestment plan 2,949       653     2,949         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       0
Beginning Balance at Dec. 31, 2021 530,487             405,049       185,000 238 436,609 39,650   (256,448)     125,438       0
Issuance of shares of common stock:                                                
Net income 50,001                                              
Ending Balance at Sep. 30, 2022 528,317             404,958       185,000 240 445,456 39,650   (268,451)     123,359       3,063
Beginning Balance at Mar. 31, 2022 530,459             405,534       185,000 239 440,151 39,650   (259,506)     124,925       0
Issuance of shares of common stock:                                                
Issuance of shares pursuant to dividend reinvestment plan 2,949       $ 669     2,949         1 2,948                 $ 669  
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 1,397             1,397           1,397                    
Net income 16,997             13,016                 13,016     3,981        
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 (19,642)             (14,156)                 (14,156)     (5,486)        
Ending Balance at Jun. 30, 2022 530,031             405,942       185,000 240 444,496 39,650   (263,444)     124,089        
Issuance of shares of common stock:                                                
Issuance of shares pursuant to dividend reinvestment plan 537             537         0 537                    
Issuance of shares due to exercise of employee stock options and issuance of directors’ deferred shares 423             423         0 423                    
Net income 15,513             11,950                 11,950     3,563        
Change in unrealized gain on cash flow hedge 4,256             3,063                       1,193       3,063
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 (19,645)             (14,159)                 (14,159)     (5,486)        
Ending Balance at Sep. 30, 2022 $ 528,317             $ 404,958       $ 185,000 $ 240 $ 445,456 $ 39,650   $ (268,451)     $ 123,359       $ 3,063