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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Rental revenue $ 249,057 $ 240,837 $ 234,515
Other 8,150 5,023 4,710
Total revenue 257,207 245,860 239,225
Expenses      
Property operating expenses 37,489 35,934 32,881
Real estate taxes 29,650 28,588 28,747
Interest expense, net and amortization of deferred debt costs 49,153 43,937 45,424
Depreciation and amortization of deferred leasing costs 48,430 48,969 50,272
General and administrative 23,459 22,392 20,252
Loss on early extinguishment of debt 0 648 0
Total expenses 188,181 180,468 177,576
Net income (loss) 69,026 65,392 61,649
Income attributable to noncontrolling interests (16,337) (15,198) (13,260)
Net income attributable to Saul Centers, Inc. 52,689 50,194 48,389
Preferred stock dividends (11,194) (11,194) (11,194)
Net income available to common stockholders $ 41,495 $ 39,000 $ 37,195
Per share net income available to common stockholders      
Basic (in usd per share) $ 1.73 $ 1.63 $ 1.57
Diluted (in usd per share) $ 1.73 $ 1.63 $ 1.57