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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue        
Base rent $ 39,553 $ 38,043 $ 79,293 $ 75,528
Expense recoveries 7,463 7,441 15,077 15,142
Percentage rent 338 453 938 859
Other 1,455 1,435 2,687 2,832
Total revenue 48,809 47,372 97,995 94,361
Operating expenses        
Property operating expenses 6,041 5,918 11,990 11,655
Provision for credit losses 285 241 549 593
Real estate taxes 5,433 5,526 11,196 11,362
Interest expense and amortization of deferred debt costs 11,709 12,554 23,426 25,287
Depreciation and amortization of deferred leasing costs 12,472 9,749 28,824 19,507
General and administrative 3,925 3,784 7,329 7,031
Predevelopment expenses 1,233   3,582  
Total operating expenses 41,098 37,772 86,896 75,435
Operating income 7,711 9,600 11,099 18,926
Change in fair value of derivatives 51 (16) 61 (19)
Income from continuing operations 7,762 9,584 11,160 18,907
Discontinued operations   11   8
Net Income 7,762 9,595 11,160 18,915
Noncontrolling interest        
(Income) loss attributable to noncontrolling interests (1,168) (1,516) 418 (2,972)
Net income attributable to Saul Centers, Inc. 6,594 8,079 11,578 15,943
Preferred stock redemption     (5,228)  
Preferred stock dividends (3,207) (3,785) (7,571) (7,570)
Net income (loss) attributable to common stockholders $ 3,387 $ 4,294 $ (1,221) $ 8,373
Basic and diluted:        
Continuing operations $ 0.17 $ 0.22 $ (0.06) $ 0.43
Discontinued operations            
Earnings Per Share, Basic and Diluted, Total $ 0.17 $ 0.22 $ (0.06) $ 0.43