Business Segments (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Business Segments

SAUL CENTERS, INC. Notes to Consolidated Financial Statements
(In thousands)	Shopping		Mixed-Use		Corporate		Consolidated
As of or for the year ended December 31, 2023	Centers		Properties		and Other		Totals
Real estate rental operations:
Revenue	$	179,350	$	77,857	$	—	$	257,207
Expenses	(38,484)		(28,655)		—		(67,139)
Income from real estate	140,866		49,202		—		190,068
Interest expense, net and amortization of deferred debt costs	—		—		(49,153)		(49,153)
Depreciation and amortization of deferred leasing costs	(28,526)		(19,904)		—		(48,430)
General and administrative	—		—		(23,459)		(23,459)
Net income (loss)	$	112,340	$	29,298	$	(72,612)	$	69,026
Capital investment	$	16,491	$	187,190	$	—	$	203,681
Total assets	$	918,089	$	1,057,332	$	18,716	$	1,994,137
As of or for the year ended December 31, 2022
Real estate rental operations:
Revenue	$	172,055	$	73,805	$	—	$	245,860
Expenses	(36,895)		(27,627)		—		(64,522)
Income from real estate	135,160		46,178		—		181,338
Interest expense, net and amortization of deferred debt costs	—		—		(43,937)		(43,937)
Depreciation and amortization of deferred leasing costs	(28,359)		(20,610)		—		(48,969)
General and administrative	—		—		(22,392)		(22,392)
Loss on early extinguishment of debt	—		—		(648)		(648)
Net income (loss)	$	106,801	$	25,568	$	(66,977)	$	65,392
Capital investment	$	8,412	$	108,476	$	—	$	116,888
Total assets	$	928,071	$	885,500	$	19,731	$	1,833,302
As of or for the year ended December 31, 2021
Real estate rental operations:
Revenue	$	169,681	$	69,544	$	—	$	239,225
Expenses	(35,784)		(25,844)		—		(61,628)
Income from real estate	133,897		43,700		—		177,597
Interest expense, net and amortization of deferred debt costs	—		—		(45,424)		(45,424)
Depreciation and amortization of deferred leasing costs	(28,843)		(21,429)		—		(50,272)
General and administrative	—		—		(20,252)		(20,252)
Net income (loss)	$	105,054	$	22,271	$	(65,676)	$	61,649
Capital investment	$	12,673	$	43,245	$	—	$	55,918
Total assets	$	946,993	$	777,709	$	22,059	$	1,746,761