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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue      
Rental revenue $ 240,837 $ 234,515 $ 220,281
Other 5,023 4,710 4,926
Total revenue 245,860 239,225 225,207
Expenses      
Property operating expenses 35,934 32,881 28,857
Real estate taxes 28,588 28,747 29,560
Interest expense, net and amortization of deferred debt costs 43,937 45,424 46,519
Depreciation and amortization of deferred leasing costs 48,969 50,272 51,126
General and administrative 22,392 20,252 19,107
Loss on early extinguishment of debt 648 0 0
Total expenses 180,468 177,576 175,169
Gain on sale of property 0 0 278
Net income (loss) 65,392 61,649 50,316
Income attributable to noncontrolling interests (15,198) (13,260) (9,934)
Net income attributable to Saul Centers, Inc. 50,194 48,389 40,382
Preferred stock dividends (11,194) (11,194) (11,194)
Net income available to common stockholders $ 39,000 $ 37,195 $ 29,188
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.63 $ 1.57 $ 1.25
Diluted (in usd per share) $ 1.63 $ 1.57 $ 1.25