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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Rental revenue $ 62,002 $ 59,134 $ 123,830 $ 119,814
Other 1,707 1,159 2,928 2,623
Total revenue 63,709 60,293 126,758 122,437
Expenses        
Property operating expenses 8,997 7,641 17,783 17,179
Real estate taxes 7,453 7,156 14,948 14,574
Interest expense, net and amortization of deferred debt costs 12,278 10,457 24,099 21,059
Depreciation and amortization of deferred leasing costs 12,114 12,377 24,130 24,704
General and administrative 5,678 5,665 10,946 10,433
Total expenses 46,520 43,296 91,906 87,949
Net income 17,189 16,997 34,852 34,488
Noncontrolling interests        
Income attributable to noncontrolling interests (4,027) (3,981) (8,188) (8,107)
Net income attributable to Saul Centers, Inc. 13,162 13,016 26,664 26,381
Preferred stock dividends (2,799) (2,799) (5,597) (5,597)
Net income available to common stockholders, Basic 10,363 10,217 21,067 20,784
Net income available to common stockholders, Diluted $ 10,363 $ 10,217 $ 21,067 $ 20,784
Per share net income available to common stockholders        
Basic (in USD per share) $ 0.43 $ 0.43 $ 0.88 $ 0.87
Diluted (in USD per share) $ 0.43 $ 0.43 $ 0.88 $ 0.87