XML 24 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate investments:    
Land $ 562,047 $ 511,529
Buildings and equipment 1,903,907 1,595,023
Construction in progress 326,193 514,553
Total 2,792,147 2,621,105
Accumulated depreciation (767,842) (729,470)
Total real estate investments, net 2,024,305 1,891,635
Cash and cash equivalents 10,299 8,407
Accounts receivable and accrued income, net 50,949 56,032
Deferred leasing costs, net 25,907 23,728
Other assets 14,944 14,335
Total assets 2,126,404 1,994,137
Liabilities    
Mortgage notes payable, net 1,047,832 935,451
Revolving credit facility payable, net 186,489 274,715
Term loan facility payable, net 99,679 99,530
Construction loans payable, net 198,616 77,305
Accounts payable, accrued expenses and other liabilities 46,162 57,022
Deferred income 23,033 22,748
Dividends and distributions payable 23,469 22,937
Total liabilities 1,625,280 1,489,708
Equity    
Common stock, $0.01 par value, 50,000,000 and 40,000,000 shares authorized, respectively, 24,302,576 and 24,082,887 shares issued and outstanding, respectively 243 241
Additional paid-in capital 454,086 449,959
Distributions in excess of accumulated earnings (306,541) (288,825)
Accumulated other comprehensive income 2,966 2,014
Total Saul Centers, Inc. equity 335,754 348,389
Noncontrolling interests 165,370 156,040
Total equity 501,124 504,429
Total liabilities and equity $ 2,126,404 $ 1,994,137
Preferred stock, shares authorized 1,000,000 1,000,000
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares issued 24,302,576 24,082,887
Common stock, shares outstanding 24,302,576 24,082,887
Common stock, shares authorized 50,000,000,000 40,000,000
Series D Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized, Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 shares issued and outstanding respectively $ 75,000 $ 75,000
Cumulative redeemable preferred stock, shares issued 30,000 30,000
Cumulative redeemable preferred stock, shares outstanding 30,000  
Series E Cumulative Redeemable Preferred Stock    
Equity    
Preferred stock, 1,000,000 shares authorized, Series D Cumulative Redeemable, 30,000 shares issued and outstanding, Series E Cumulative Redeemable, 44,000 and 0 shares issued and outstanding respectively $ 110,000 $ 110,000
Cumulative redeemable preferred stock, shares issued 44,000 44,000
Cumulative redeemable preferred stock, shares outstanding 44,000 44,000