Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Real estate investments
Land	$ 511,529	$ 511,529
Buildings and equipment	1,590,762	1,576,924
Construction in progress	410,966	319,683
Total purchase price	2,513,257	2,408,136
Accumulated depreciation	(708,770)	(688,475)
Real estate investments, net	1,804,487	1,719,661
Cash and cash equivalents	11,473	13,279
Accounts receivable and accrued income, net	51,949	56,323
Deferred leasing costs, net	22,799	22,388
Other assets	15,986	21,651
Total assets	1,906,694	1,833,302
Liabilities
Notes payable, net	951,505	961,577
Revolving credit facility payable, net	217,328	161,941
Term loan facility payable, net	99,456	99,382
Construction loan payable, net	25,841	0
Accounts payable, accrued expenses and other liabilities	54,211	42,978
Deferred income	21,836	23,169
Dividends and distributions payable	22,473	22,453
Total liabilities	1,392,650	1,311,500
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 24,048,626 and 24,016,009 shares issued and outstanding, respectively	240	240
Additional paid-in capital	448,231	446,301
Partnership units in escrow	39,650	39,650
Distributions in excess of accumulated earnings	(280,850)	(273,559)
Accumulated other comprehensive income	3,131	2,852
Total Saul Centers, Inc. equity	395,402	400,484
Noncontrolling interests	118,642	121,318
Total equity	514,044	521,802
Total liabilities and equity	1,906,694	1,833,302
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Equity
Preferred stock, 1,000,000 shares authorized:	75,000	75,000
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Equity
Preferred stock, 1,000,000 shares authorized:	$ 110,000	$ 110,000