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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Rental revenue $ 62,369 $ 59,951 $ 186,199 $ 179,765
Other 1,397 1,136 4,325 3,759
Total revenue 63,766 61,087 190,524 183,524
Expenses        
Property operating expenses 9,720 8,995 27,502 26,174
Real estate taxes 7,641 7,078 22,589 21,652
Interest expense, net and amortization of deferred debt costs 12,419 11,103 36,518 32,162
Depreciation and amortization of deferred leasing costs 12,096 12,195 36,227 36,899
General and administrative 5,179 5,555 16,125 15,988
Loss on early extinguishment of debt 0 648 0 648
Total expenses 47,055 45,574 138,961 133,523
Net income 16,711 15,513 51,563 50,001
Noncontrolling interests        
Income attributable to noncontrolling interests (3,892) (3,563) (12,080) (11,670)
Net income attributable to Saul Centers, Inc. 12,819 11,950 39,483 38,331
Preferred stock dividends (2,798) (2,798) (8,395) (8,395)
Net income available to common stockholders, Basic 10,021 9,152 31,088 29,936
Net income available to common stockholders, Diluted $ 10,021 $ 9,152 $ 31,088 $ 29,936
Per share net income available to common stockholders        
Basic (in USD per share) $ 0.42 $ 0.38 $ 1.29 $ 1.25
Diluted (in USD per share) $ 0.42 $ 0.38 $ 1.29 $ 1.25