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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Limited Partner
Twinbrook Metro Station
Restricted Stock Units (RSUs)
Series D Cumulative Redeemable Preferred Stock
Series E Cumulative Redeemable Preferred Stock
Total Saul Centers, Inc.
Total Saul Centers, Inc.
Twinbrook Metro Station
Restricted Stock Units (RSUs)
Total Saul Centers, Inc.
Series D Cumulative Redeemable Preferred Stock
Total Saul Centers, Inc.
Series E Cumulative Redeemable Preferred Stock
Preferred stock
Common stock
Additional paid-in capital
Partnership units in escrow
Partnership units in escrow
Twinbrook Metro Station
Restricted Stock Units (RSUs)
Distributions in excess of accumulated earnings
Distributions in excess of accumulated earnings
Series D Cumulative Redeemable Preferred Stock
Distributions in excess of accumulated earnings
Series E Cumulative Redeemable Preferred Stock
Accumulated other comprehensive income
Noncontrolling interests
Noncontrolling interests
Limited Partner
Noncontrolling interests
Twinbrook Metro Station
Restricted Stock Units (RSUs)
Beginning balance (in shares) at Dec. 31, 2021                   74,000                      
Beginning balance (in shares) at Dec. 31, 2021                     23,840,471                    
Beginning balance at Dec. 31, 2021 $ 530,487         $ 405,049       $ 185,000 $ 238 $ 436,609 $ 39,650   $ (256,448)     $ 0 $ 125,438    
Issuance of common stock:                                          
Pursuant to dividend reinvestment plan (in shares) 143,957 26,659                                      
Pursuant to dividend reinvestment plan $ 6,979 $ 1,322       6,979         $ 2 6,977               $ 1,322  
Due to director grants (in shares)                     2,200                    
Due to director grants $ 105         105           105                  
Due to exercise of stock options (in shares) 26,875                   26,873                    
Due to exercise of stock options $ 2,492         2,492           2,492                  
Due to restricted share awards (in shares)                     2,508                    
Due to restricted share awards 118         118           118                  
Net income 65,392         50,194                 50,194       15,198    
Change in unrealized gain (loss) on cash flow hedge 3,962         2,852                       2,852 1,110    
Preferred stock distributions:                                          
Preferred stock distributions       $ (3,445) $ (4,950)     $ (3,445) $ (4,950)             $ (3,445) $ (4,950)        
Distribution payable preferred stocks: (58,204)         (41,940)                 (41,940)       (16,264)    
Distribution payable preferred stocks:                                          
Dividends, Preferred Stock, Payable       1,149 1,650     1,149 1,650             1,149 1,650        
Dividends, Common Stock, Payable 19,657         14,171                 14,171       5,486    
Ending balance at Dec. 31, 2022 521,802         400,484       $ 185,000 $ 240 446,301 39,650   (273,559)     2,852 121,318    
Ending balance (in shares) at Dec. 31, 2022                     24,016,009                    
Ending balance (in shares) at Dec. 31, 2022                   74,000                      
Issuance of common stock:                                          
Pursuant to dividend reinvestment plan (in shares)   44,500                 61,359                    
Pursuant to dividend reinvestment plan 2,238 $ 1,505       2,238         $ 1 2,237               1,505  
Due to director grants (in shares)                     2,400                    
Due to director grants $ 81         81           81                  
Due to exercise of stock options (in shares) 0                                        
Due to exercise of stock options $ 1,222         1,222           1,222                  
Due to directors' deferred awards (in shares)                     3,119                    
Due to restricted share awards 118         118           118                  
Restricted units released pursuant to first escrow release     $ 0       $ (39,650)             $ (39,650)             $ 39,650
Net income 69,026         52,689                 52,689       16,337    
Change in unrealized gain (loss) on cash flow hedge (1,220)         (838)                       (838) (382)    
Preferred stock distributions:                                          
Preferred stock distributions       (3,445) (4,950)     (3,445) (4,950)             (3,445) (4,950)        
Distribution payable preferred stocks: (59,011)         (42,553)                 (42,553)       (16,458)    
Distribution payable preferred stocks:                                          
Dividends, Preferred Stock, Payable       1,149 $ 1,650     1,149 1,650             1,149 1,650        
Dividends, Common Stock, Payable 20,138         14,208                 14,208       5,930    
Ending balance at Dec. 31, 2023 $ 504,429         348,389       $ 185,000 $ 241 449,959 0   (288,825)     2,014 156,040    
Ending balance (in shares) at Dec. 31, 2023 24,082,887                   24,082,887                    
Ending balance (in shares) at Dec. 31, 2023         44,000         74,000                      
Issuance of common stock:                                          
Pursuant to dividend reinvestment plan (in shares)   431,495                 65,228                    
Pursuant to dividend reinvestment plan $ 2,406 $ 16,467       2,406         $ 1 2,405               $ 16,467  
Due to exercise of stock options (in shares) 10,625                   10,625                    
Due to exercise of stock options $ 1,110         1,110           1,110                  
Due to directors' deferred awards (in shares)                     2,986                    
Due to directors’ deferred awards 116         116           116                  
Due to restricted share awards (in shares)                     140,850                    
Due to restricted share awards 497         497         $ 1 496                  
Net income 67,703         50,649                 50,649       17,054    
Change in unrealized gain (loss) on cash flow hedge 1,351         952                       952 399    
Preferred stock distributions:                                          
Preferred stock distributions       (3,445) $ (4,950)     (3,445) (4,950)             (3,445) (4,950)        
Distribution payable preferred stocks: (61,092)         (42,686)                 (42,686)       (18,406)    
Distribution payable preferred stocks:                                          
Dividends, Preferred Stock, Payable       $ 1,149 $ 1,650     $ 1,149 $ 1,650             $ 1,149 $ 1,650        
Dividends, Common Stock, Payable 20,669         14,485                 14,485       6,184    
Ending balance at Dec. 31, 2024 $ 501,124         $ 335,754       $ 185,000 $ 243 $ 454,086 $ 0   $ (306,541)     $ 2,966 $ 165,370    
Ending balance (in shares) at Dec. 31, 2024 24,302,576                   24,302,576                    
Ending balance (in shares) at Dec. 31, 2024       30,000 44,000         74,000