Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Real estate investments
Land	$ 556,499	$ 562,047
Buildings and equipment	1,924,757	1,903,907
Construction in progress	356,511	326,193
Real estate investments	2,837,767	2,792,147
Accumulated depreciation	(789,860)	(767,842)
Total real estate investments, net	2,047,907	2,024,305
Cash and cash equivalents	5,303	10,299
Accounts receivable and accrued income, net	52,621	50,949
Deferred leasing costs, net	26,579	25,907
Other assets	7,274	14,944
Total assets	2,139,684	2,126,404
Liabilities
Mortgage notes payable, net	1,030,839	1,047,832
Revolving credit facility payable, net	200,876	186,489
Term loan facility payable, net	99,754	99,679
Construction loans payable, net	233,210	198,616
Accounts payable, accrued expenses and other liabilities	45,156	46,162
Deferred income	17,887	23,033
Dividends and distributions payable	23,688	23,469
Total liabilities	1,651,410	1,625,280
Equity
Common stock, $0.01 par value, 50,000,000 shares authorized, 24,471,554 and 24,302,576 shares issued and outstanding, respectively	245	243
Additional paid-in capital	456,120	454,086
Distributions in excess of accumulated earnings	(320,255)	(306,541)
Accumulated other comprehensive income	1,268	2,966
Total Saul Centers, Inc. equity	322,378	335,754
Noncontrolling interests	165,896	165,370
Total equity	488,274	501,124
Total liabilities and equity	2,139,684	2,126,404
Series D Cumulative Redeemable, 30,000 shares issued and outstanding
Equity
Preferred stock, 1,000,000 shares authorized:	75,000	75,000
Series E Cumulative Redeemable, 44,000 shares issued and outstanding
Equity
Preferred stock, 1,000,000 shares authorized:	$ 110,000	$ 110,000