Saul Centers (BFS) Financials

$33.44 +0.68 (+2.08%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$33.40 -0.04 (-0.13%)

As of 05/2/2025 04:05 PM Eastern

Annual Income Statements for Saul Centers

This table shows Saul Centers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	32	30	36	36	36	29	37	39	41	39
Consolidated Net Income / (Loss)	58	53	61	63	64	50	62	65	69	68
Net Income / (Loss) Continuing Operations	58	53	61	63	64	50	62	65	69	68
Total Pre-Tax Income	52	53	61	63	64	50	62	65	69	68
Total Operating Income	52	53	108	108	106	97	107	109	118	121
Total Gross Profit	206	208	226	227	174	196	206	246	257	269
Total Revenue	207	209	226	227	232	225	239	246	257	269
Operating Revenue	198	203	226	227	-	225	239	246	257	269
Total Cost of Revenue	0.68	0.92	0.00	0.00	58	29	33	0.00	0.00	0.00
Total Operating Expenses	154	155	119	119	67	100	99	137	139	147
Selling, General & Admin Expense	17	16	18	18	21	19	20	22	23	25
Depreciation Expense	41	43	46	46	46	51	50	49	48	51
Other Operating Expenses / (Income)	95	96	55	56	-	30	29	65	67	72
Other Special Charges / (Income)	-	-	0.00	-0.51	0.00	-0.28	-	0.65	0.00	-0.18
Total Other Income / (Expense), net	-0.01	-0.01	-47	-45	-42	-47	-45	-44	-49	-54
Interest Expense	-	-	47	45	42	47	45	44	49	54
Preferred Stock Dividends Declared	15	12	12	15	15	11	11	11	11	11
Net Income / (Loss) Attributable to Noncontrolling Interest	11	10	12	13	12	9.93	13	15	16	17
Basic Earnings per Share	$1.55	$1.42	$1.64	$1.61	$1.58	$1.25	$1.57	$1.63	$1.73	$1.64
Weighted Average Basic Shares Outstanding	20.80M	21.08M	22M	22.70M	23.20M	23.50M	23.80M	23.91M	23.98M	24.20M
Diluted Earnings per Share	$1.54	$1.42	$1.63	$1.60	$1.57	$1.25	$1.57	$1.63	$1.73	$1.63
Weighted Average Diluted Shares Outstanding	20.80M	21.08M	22M	22.70M	23.20M	23.50M	23.80M	23.91M	23.98M	24.20M
Weighted Average Basic & Diluted Shares Outstanding	20.80M	21.08M	22M	22.70M	23.20M	23.50M	23.80M	23.91M	23.98M	24.20M
Cash Dividends to Common per Share	$1.56	$1.69	$2.04	$2.08	$2.12	$2.12	$2.16	$2.32	$2.36	$2.36

This table shows Saul Centers' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	9.15	9.06	11	10	10	10	11	12	12	5.29
Consolidated Net Income / (Loss)	16	15	18	17	17	17	18	19	20	10
Net Income / (Loss) Continuing Operations	16	15	18	17	17	17	18	19	20	10
Total Pre-Tax Income	16	15	18	17	17	17	18	19	20	10
Total Operating Income	27	27	29	29	29	30	31	32	32	27
Total Gross Profit	61	62	54	64	64	75	56	67	67	78
Total Revenue	61	62	63	64	64	67	67	67	67	68
Operating Revenue	61	62	63	64	64	67	67	67	67	68
Total Cost of Revenue	0.00	-	8.79	0.00	0.00	-8.79	11	0.00	0.00	-11
Total Operating Expenses	34	35	25	34	35	45	25	35	35	51
Selling, General & Admin Expense	5.56	6.40	5.27	5.68	5.18	7.33	5.78	6.10	5.68	7.50
Depreciation Expense	12	12	12	12	12	12	12	12	12	14
Other Operating Expenses / (Income)	16	17	7.50	16	17	26	7.62	17	18	29
Total Other Income / (Expense), net	-11	-12	-12	-12	-12	-13	-12	-12	-12	-17
Interest Expense	11	12	12	12	12	13	12	12	12	17
Preferred Stock Dividends Declared	2.80	2.80	2.80	2.80	2.80	2.80	2.80	2.80	2.80	2.80
Net Income / (Loss) Attributable to Noncontrolling Interest	3.56	3.53	4.16	4.03	3.89	4.26	4.63	5.04	5.11	2.27
Basic Earnings per Share	$0.38	$0.38	$0.45	$0.43	$0.42	$0.43	$0.45	$0.48	$0.48	$0.23
Weighted Average Basic Shares Outstanding	23.90M	23.91M	23.93M	23.94M	23.94M	23.98M	23.98M	24.14M	24.17M	24.20M
Diluted Earnings per Share	$0.38	$0.38	$0.45	$0.43	$0.42	$0.43	$0.45	$0.48	$0.48	$0.22
Weighted Average Diluted Shares Outstanding	23.90M	23.91M	23.93M	23.94M	23.94M	23.98M	23.98M	24.14M	24.17M	24.20M
Weighted Average Basic & Diluted Shares Outstanding	23.90M	23.91M	23.93M	23.94M	23.94M	23.98M	23.98M	24.14M	24.17M	24.20M

This table details how cash moves in and out of Saul Centers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-5.17	-2.13	-1.68	2.59	3.67	-0.67	13	-12	-1.32	-4.87	1.89
Net Cash From Operating Activities	87	89	89	103	110	115	78	118	121	118	121
Net Cash From Continuing Operating Activities	87	89	89	103	110	115	78	118	121	118	121
Net Income / (Loss) Continuing Operations	58	53	57	61	63	64	50	62	65	69	68
Consolidated Net Income / (Loss)	58	53	57	61	63	64	50	62	65	69	68
Depreciation Expense	41	43	44	46	46	46	51	50	49	48	51
Amortization Expense	1.33	1.43	1.34	1.39	1.61	1.52	1.57	1.71	1.99	2.25	2.35
Non-Cash Adjustments To Reconcile Net Income	-4.14	2.35	2.09	2.51	1.95	3.52	6.37	2.37	2.08	1.96	2.40
Changes in Operating Assets and Liabilities, net	-9.81	-11	-15	-6.81	-2.14	-0.19	-31	2.42	2.72	-3.93	-1.74
Net Cash From Investing Activities	-84	-70	-86	-113	-129	-136	-56	-56	-117	-204	-189
Net Cash From Continuing Investing Activities	-84	-70	-86	-113	-129	-136	-56	-56	-117	-204	-189
Acquisitions	-	-	-	-	-	-	-	-	-	-	-37
Sale of Property, Plant & Equipment	-	0.03	4.77	6.69	1.33	0.00	0.38	-	0.00	0.00	0.18
Other Investing Activities, net	-18	-46	-27	-23	-76	-114	-36	-26	-101	-177	-152
Net Cash From Financing Activities	-8.15	-21	-4.50	12	22	20	-9.26	-75	-5.58	81	69
Net Cash From Continuing Financing Activities	-8.15	-21	-4.50	12	22	20	-9.26	-75	-5.58	81	69
Repayment of Debt	-70	-88	-82	-109	-192	-135	-84	-94	-282	-91	-321
Payment of Dividends	-46	-48	-52	-57	-59	-61	-61	-62	-67	-68	-68
Issuance of Debt	95	106	115	164	255	203	142	82	355	258	464
Issuance of Common Equity	16	16	22	23	31	25	8.26	14	8.17	2.24	2.41
Other Financing Activities, net	-2.24	-6.56	-6.62	-8.53	-11	-13	-15	-15	-20	-20	-7.87
Cash Interest Paid	45	44	44	46	44	40	45	45	41	46	52

This table details how cash moves in and out of Saul Centers' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-0.88	2.99	-1.47	-0.34	-4.89	1.82	-1.33	-0.22	0.33	3.10
Net Cash From Operating Activities	26	29	36	33	16	33	34	32	26	29
Net Cash From Continuing Operating Activities	26	29	36	33	16	33	34	32	26	29
Net Income / (Loss) Continuing Operations	16	15	18	17	17	17	18	19	20	10
Consolidated Net Income / (Loss)	16	15	18	17	17	17	18	19	20	10
Depreciation Expense	12	12	12	12	12	12	12	12	12	14
Amortization Expense	0.49	0.56	0.56	0.56	0.57	0.56	0.56	0.58	0.58	0.63
Non-Cash Adjustments To Reconcile Net Income	0.89	0.23	0.19	0.62	0.48	0.66	0.56	0.50	0.62	0.72
Changes in Operating Assets and Liabilities, net	-3.56	0.89	5.67	2.11	-14	1.80	2.41	-0.44	-6.37	2.67
Net Cash From Investing Activities	-33	-32	-43	-56	-48	-56	-46	-45	-55	-44
Net Cash From Continuing Investing Activities	-33	-32	-43	-56	-48	-56	-46	-45	-55	-44
Other Investing Activities, net	-27	-29	-38	-47	-43	-49	-40	-40	-45	-27
Net Cash From Financing Activities	6.19	6.23	5.59	23	27	26	10	12	29	18
Net Cash From Continuing Financing Activities	6.19	6.23	5.59	23	27	26	10	12	29	18
Repayment of Debt	-209	-7.88	-29	-20	-11	-30	-38	-123	-91	-69
Payment of Dividends	-22	-0.90	-22	-22	-22	-0.54	-23	-23	-23	1.13
Issuance of Debt	237	36	56	65	60	76	59	157	141	108
Issuance of Common Equity	0.65	-0.78	0.54	0.54	0.56	0.60	12	2.09	2.21	-14
Cash Interest Paid	11	10	11	12	12	12	12	12	12	16

This table presents Saul Centers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,267	1,295	1,343	1,422	1,527	1,618	1,646	1,747	1,833	1,994	2,126
Total Current Assets	63	61	61	65	74	72	92	73	70	64	61
Cash & Equivalents	12	10	8.32	11	15	14	27	15	13	8.41	10
Accounts Receivable	47	51	53	54	54	52	65	59	56	56	51
Plant, Property, & Equipment, net	1,164	1,114	1,179	1,224	1,423	1,518	1,517	1,634	1,720	1,892	2,024
Plant, Property & Equipment, gross	1,560	1,539	1,637	1,712	1,948	2,082	2,125	2,284	2,408	2,621	2,792
Accumulated Depreciation	397	425	458	488	526	563	608	650	688	729	768
Total Noncurrent Assets	40	121	103	134	31	29	37	39	44	38	41
Other Noncurrent Operating Assets	40	121	103	134	31	29	37	39	44	38	41
Total Liabilities & Shareholders' Equity	1,267	1,295	1,343	1,422	1,527	1,618	1,646	1,747	1,833	1,994	2,126
Total Liabilities	928	942	970	1,029	1,102	1,175	1,218	1,216	1,312	1,490	1,625
Total Current Liabilities	70	47	49	19	52	54	44	47	65	80	70
Accounts Payable	24	-	-	-	32	35	24	26	43	57	46
Dividends Payable	14	15	18	19	19	19	19	22	22	23	23
Total Noncurrent Liabilities	857	894	921	1,011	1,051	1,120	1,174	1,169	1,246	1,410	1,556
Long-Term Debt	852	823	832	959	1,000	983	1,006	1,144	1,223	1,310	1,334
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	23	23	23
Other Noncurrent Operating Liabilities	5.39	71	90	23	22	109	168	25	0.00	77	199
Total Equity & Noncontrolling Interests	339	354	373	393	425	443	428	530	522	504	501
Total Preferred & Common Equity	293	303	319	334	356	375	364	405	400	348	336
Preferred Stock	180	180	180	180	180	185	185	185	185	185	185
Total Common Equity	113	123	139	154	176	190	179	220	215	163	151
Common Stock	288	305	328	353	385	411	421	437	447	450	454
Retained Earnings	-174	-180	-189	-198	-209	-221	-242	-256	-274	-289	-307
Accumulated Other Comprehensive Income / (Loss)	-1.89	-1.80	-1.30	-0.70	-0.26	-	-	0.00	2.85	2.01	2.97
Noncontrolling Interest	47	50	55	59	69	68	63	125	121	156	165

This table presents Saul Centers' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,810	1,868	1,907	1,961	2,030	2,072	2,113
Total Current Assets	69	64	63	63	61	60	67
Cash & Equivalents	10	12	11	6.59	7.08	6.86	7.20
Accounts Receivable	59	53	52	57	54	53	60
Plant, Property, & Equipment, net	1,693	1,762	1,804	1,849	1,930	1,973	2,006
Plant, Property & Equipment, gross	2,372	2,461	2,513	2,568	2,669	2,721	2,764
Accumulated Depreciation	679	699	709	719	739	749	758
Total Noncurrent Assets	48	41	39	49	40	39	40
Other Noncurrent Operating Assets	48	41	39	49	40	39	40
Total Liabilities & Shareholders' Equity	1,810	1,868	1,907	1,961	2,030	2,072	2,113
Total Liabilities	1,282	1,352	1,393	1,450	1,516	1,559	1,604
Total Current Liabilities	62	270	77	83	86	96	83
Accounts Payable	39	56	54	61	63	72	59
Dividends Payable	22	22	22	22	23	23	23
Total Noncurrent Liabilities	1,220	1,082	1,316	1,366	1,430	1,463	1,522
Long-Term Debt	1,194	1,059	1,268	1,343	1,300	1,301	1,314
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	22	23	22	20	29
Other Noncurrent Operating Liabilities	26	23	26	-	109	142	179
Total Equity & Noncontrolling Interests	528	516	514	511	514	513	509
Total Preferred & Common Equity	405	396	395	394	347	346	342
Preferred Stock	185	185	185	185	185	185	185
Total Common Equity	220	211	210	209	162	161	157
Common Stock	445	447	448	449	451	452	453
Retained Earnings	-268	-277	-281	-285	-292	-295	-297
Accumulated Other Comprehensive Income / (Loss)	3.06	1.40	3.13	4.72	3.28	3.43	1.03
Noncontrolling Interest	123	119	119	118	167	167	167

This table displays calculated financial ratios and metrics derived from Saul Centers' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.65%	0.96%	3.82%	0.00%	0.41%	1.90%	-2.73%	6.22%	2.77%	4.62%	4.53%
EBITDA Growth	10.18%	3.36%	3.94%	52.66%	0.26%	-0.91%	-2.83%	6.37%	0.77%	5.35%	3.20%
EBIT Growth	46.92%	1.93%	5.27%	93.54%	0.01%	-1.67%	-8.67%	10.57%	2.11%	8.09%	2.72%
NOPAT Growth	47.24%	1.93%	5.26%	93.39%	0.08%	-1.27%	-9.05%	10.57%	2.11%	8.09%	2.72%
Net Income Growth	66.43%	-8.72%	7.16%	0.00%	3.94%	1.80%	-21.62%	22.52%	6.07%	5.56%	-1.92%
EPS Growth	170.18%	-7.79%	7.04%	0.00%	-1.84%	-1.88%	-20.38%	25.60%	3.82%	6.14%	-5.78%
Operating Cash Flow Growth	17.74%	2.69%	0.22%	16.12%	6.66%	4.57%	-32.08%	51.11%	2.30%	-2.83%	2.97%
Free Cash Flow Firm Growth	-125.87%	712.72%	-64.02%	-260.01%	200.23%	182.79%	-3.27%	-245.43%	124.93%	17.70%	134.47%
Invested Capital Growth	5.52%	-0.96%	2.75%	11.93%	5.20%	0.09%	-0.34%	17.88%	4.31%	4.26%	1.07%
Revenue Q/Q Growth	0.54%	0.79%	0.60%	0.00%	-3.55%	101.03%	-34.03%	0.82%	0.86%	1.72%	0.46%
EBITDA Q/Q Growth	0.87%	2.29%	-0.66%	231.56%	5.23%	380.55%	-45.17%	0.94%	0.12%	1.46%	-0.40%
EBIT Q/Q Growth	0.26%	3.47%	-1.28%	0.00%	7.02%	739.35%	-56.46%	2.42%	0.41%	1.97%	-2.39%
NOPAT Q/Q Growth	0.20%	3.46%	-1.28%	0.00%	7.02%	1,017.11%	-56.46%	2.42%	0.41%	1.97%	-2.39%
Net Income Q/Q Growth	0.24%	3.47%	0.52%	0.00%	1.64%	0.00%	0.00%	7.26%	-0.70%	3.09%	-9.50%
EPS Q/Q Growth	-4.94%	9.23%	0.66%	0.00%	1.91%	0.00%	0.00%	7.53%	-0.61%	2.98%	-11.41%
Operating Cash Flow Q/Q Growth	-5.09%	4.38%	-5.75%	11.02%	6.22%	-1.86%	-12.98%	7.06%	-0.22%	3.10%	-3.13%
Free Cash Flow Firm Q/Q Growth	-645.77%	46.22%	-67.55%	79.58%	66.16%	1,384.32%	-54.91%	-1,876.13%	137.35%	317.27%	-34.66%
Invested Capital Q/Q Growth	0.69%	-0.87%	3.15%	0.02%	-0.52%	-0.19%	-0.31%	10.11%	1.11%	-2.24%	0.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	99.67%	99.56%	99.31%	100.00%	100.00%	74.98%	87.19%	86.26%	100.00%	100.00%	100.00%
EBITDA Margin	45.61%	46.69%	46.74%	68.45%	68.35%	66.46%	66.40%	66.49%	65.19%	65.65%	64.82%
Operating Margin	25.08%	25.32%	25.67%	47.61%	47.46%	45.98%	43.00%	44.76%	44.47%	45.95%	45.16%
EBIT Margin	25.07%	25.31%	25.66%	47.64%	47.46%	45.80%	43.00%	44.76%	44.47%	45.95%	45.16%
Profit (Net Income) Margin	28.00%	25.32%	26.13%	26.81%	27.75%	27.73%	22.34%	25.77%	26.60%	26.84%	25.18%
Tax Burden Percent	111.69%	100.02%	101.82%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	100.00%	100.00%	100.00%	56.27%	58.48%	60.55%	51.96%	57.58%	59.81%	58.41%	55.77%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.47%	4.46%	4.65%	8.37%	7.73%	7.44%	6.78%	6.89%	6.37%	6.60%	6.60%
ROIC Less NNEP Spread (ROIC-NNEP)	5.19%	4.46%	4.77%	3.16%	3.19%	3.20%	2.09%	2.66%	2.68%	2.75%	2.58%
Return on Net Nonoperating Assets (RNNOA)	13.26%	10.82%	10.95%	7.46%	7.68%	7.34%	4.78%	5.98%	6.06%	6.85%	6.86%
Return on Equity (ROE)	17.72%	15.28%	15.60%	15.83%	15.41%	14.78%	11.56%	12.87%	12.43%	13.45%	13.47%
Cash Return on Invested Capital (CROIC)	-0.90%	5.43%	1.93%	-2.88%	2.67%	7.35%	7.12%	-9.52%	2.15%	2.42%	5.54%
Operating Return on Assets (OROA)	4.21%	4.13%	4.22%	7.80%	7.31%	6.74%	5.93%	6.31%	6.11%	6.18%	5.89%
Return on Assets (ROA)	4.70%	4.13%	4.30%	4.39%	4.28%	4.08%	3.08%	3.63%	3.65%	3.61%	3.29%
Return on Common Equity (ROCE)	5.67%	5.20%	5.62%	6.05%	6.22%	6.23%	4.90%	5.37%	5.14%	4.97%	4.21%
Return on Equity Simple (ROE_SIMPLE)	19.82%	17.45%	17.81%	18.14%	17.72%	17.12%	13.81%	15.22%	16.33%	19.81%	20.16%
Net Operating Profit after Tax (NOPAT)	52	53	56	108	108	106	97	107	109	118	121
NOPAT Margin	25.08%	25.32%	25.67%	47.61%	47.46%	45.98%	43.00%	44.76%	44.47%	45.95%	45.16%
Net Nonoperating Expense Percent (NNEP)	-0.73%	0.00%	-0.12%	5.21%	4.54%	4.24%	4.68%	4.23%	3.69%	3.85%	4.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	6.27%	6.51%	6.62%
Cost of Revenue to Revenue	0.33%	0.44%	0.69%	0.00%	0.00%	25.02%	12.81%	13.74%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.19%	7.82%	8.06%	8.03%	8.12%	8.98%	8.48%	8.47%	9.11%	9.12%	9.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	74.60%	74.25%	73.65%	52.39%	52.54%	28.99%	44.19%	41.50%	55.53%	54.05%	54.84%
Earnings before Interest and Taxes (EBIT)	52	53	56	108	108	106	97	107	109	118	121
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	94	98	101	155	155	154	150	159	160	169	174
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.79	5.81	0.00	6.16	4.44	4.89	3.35	4.88	3.93	5.33	6.12
Price to Tangible Book Value (P/TBV)	6.79	5.81	0.00	6.16	4.44	4.89	3.35	4.88	3.93	5.33	6.12
Price to Revenue (P/Rev)	3.69	3.43	0.00	4.21	3.44	4.01	2.67	4.49	3.44	3.39	3.43
Price to Earnings (P/E)	23.79	23.82	0.00	26.53	21.72	25.61	20.57	28.87	21.71	20.98	23.39
Dividend Yield	4.27%	5.00%	3.29%	4.69%	6.02%	5.27%	8.26%	4.77%	6.55%	6.49%	6.18%
Earnings Yield	4.20%	4.20%	0.00%	3.77%	4.60%	3.90%	4.86%	3.46%	4.61%	4.77%	4.27%
Enterprise Value to Invested Capital (EV/IC)	1.53	1.49	0.87	1.57	1.41	1.50	1.28	1.49	1.35	1.37	1.41
Enterprise Value to Revenue (EV/Rev)	8.84	8.42	4.87	9.45	8.87	9.29	8.12	10.51	9.61	9.77	9.66
Enterprise Value to EBITDA (EV/EBITDA)	19.38	18.03	10.43	13.80	12.98	13.98	12.22	15.80	14.74	14.88	14.90
Enterprise Value to EBIT (EV/EBIT)	35.26	33.26	18.99	19.83	18.70	20.28	18.88	23.47	21.61	21.26	21.39
Enterprise Value to NOPAT (EV/NOPAT)	35.25	33.25	18.99	19.85	18.70	20.20	18.88	23.47	21.61	21.26	21.39
Enterprise Value to Operating Cash Flow (EV/OCF)	21.14	19.80	11.88	20.67	18.27	18.64	23.33	21.22	19.50	21.35	21.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	27.31	45.64	0.00	54.22	20.45	17.97	0.00	64.07	57.90	25.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.51	2.33	2.23	2.44	2.35	2.22	2.35	2.16	2.34	2.60	2.66
Long-Term Debt to Equity	2.51	2.33	2.23	2.44	2.35	2.22	2.35	2.16	2.34	2.60	2.66
Financial Leverage	2.55	2.43	2.30	2.36	2.41	2.29	2.28	2.24	2.26	2.49	2.66
Leverage Ratio	3.77	3.70	3.63	3.61	3.60	3.62	3.75	3.54	3.40	3.73	4.10
Compound Leverage Factor	3.77	3.70	3.63	2.03	2.11	2.19	1.95	2.04	2.03	2.18	2.29
Debt to Total Capital	71.52%	69.94%	69.02%	70.92%	70.17%	68.91%	70.18%	68.32%	70.09%	72.19%	72.69%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	71.52%	69.94%	69.02%	70.92%	70.17%	68.91%	70.18%	68.32%	70.09%	72.19%	72.69%
Preferred Equity to Total Capital	15.11%	15.30%	14.94%	13.32%	12.63%	12.97%	12.90%	11.05%	10.60%	10.20%	10.08%
Noncontrolling Interests to Total Capital	3.92%	4.28%	4.54%	4.34%	4.86%	4.80%	4.41%	7.49%	6.95%	8.60%	9.01%
Common Equity to Total Capital	9.45%	10.48%	11.50%	11.42%	12.34%	13.32%	12.51%	13.14%	12.35%	9.01%	8.21%
Debt to EBITDA	9.02	8.43	8.20	6.19	6.44	6.39	6.73	7.19	7.63	7.76	7.66
Net Debt to EBITDA	8.89	8.33	8.11	6.12	6.35	6.29	6.55	7.10	7.55	7.71	7.60
Long-Term Debt to EBITDA	9.02	8.43	8.20	6.19	6.44	6.39	6.73	7.19	7.63	7.76	7.66
Debt to NOPAT	16.41	15.55	14.93	8.90	9.28	9.23	10.39	10.68	11.19	11.08	10.99
Net Debt to NOPAT	16.17	15.36	14.78	8.80	9.14	9.10	10.11	10.55	11.06	11.01	10.90
Long-Term Debt to NOPAT	16.41	15.55	14.93	8.90	9.28	9.23	10.39	10.68	11.19	11.08	10.99
Altman Z-Score	0.59	0.57	0.10	0.81	0.63	0.65	0.46	0.68	0.51	0.46	0.45
Noncontrolling Interest Sharing Ratio	68.03%	65.96%	63.98%	61.78%	59.63%	57.87%	57.59%	58.31%	58.61%	63.08%	68.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.90	1.29	0.96	3.51	1.43	1.31	2.09	1.55	1.06	0.81	0.88
Quick Ratio	0.84	1.29	0.88	3.51	1.33	1.22	2.09	1.55	1.06	0.81	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	64	23	-37	37	105	102	-148	37	43	102
Operating Cash Flow to CapEx	577.66%	472.27%	825.44%	142.08%	279.27%	0.00%	0.00%	1,314.25%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-0.79	0.83	2.51	2.19	-3.26	0.84	0.88	1.90
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	2.19	2.46	2.76	1.68	2.61	2.76	2.40	2.26
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.65	1.58	2.76	1.69	2.41	2.76	2.40	2.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.16	0.16	0.16	0.15	0.15	0.14	0.14	0.14	0.13	0.13
Accounts Receivable Turnover	4.57	4.27	4.17	4.24	4.21	4.36	3.84	3.87	4.28	4.58	5.03
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.18	0.18	0.18	0.19	0.17	0.16	0.15	0.15	0.15	0.14	0.14
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	1.71	0.97	1.32	0.00	0.00	0.00
Days Sales Outstanding (DSO)	79.90	85.42	87.53	86.15	86.69	83.70	95.00	94.27	85.35	79.72	72.62
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	213.01	376.82	277.19	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	79.90	85.42	87.53	86.15	86.69	-129.31	-281.82	-182.92	85.35	79.72	72.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,193	1,182	1,214	1,359	1,430	1,431	1,426	1,681	1,754	1,829	1,848
Invested Capital Turnover	0.18	0.18	0.18	0.18	0.16	0.16	0.16	0.15	0.14	0.14	0.15
Increase / (Decrease) in Invested Capital	62	-12	33	145	71	1.32	-4.88	255	72	75	20
Enterprise Value (EV)	1,830	1,760	1,058	2,138	2,016	2,151	1,828	2,513	2,362	2,513	2,597
Market Capitalization	764	717	0.00	952	781	929	600	1,074	847	871	923
Book Value per Share	$5.38	$5.82	$0.00	$7.05	$7.78	$8.22	$7.66	$9.28	$9.02	$6.82	$6.24
Tangible Book Value per Share	$5.38	$5.82	$0.00	$7.05	$7.78	$8.22	$7.66	$9.28	$9.02	$6.82	$6.24
Total Capital	1,191	1,177	1,205	1,352	1,425	1,426	1,434	1,674	1,745	1,814	1,835
Total Debt	852	823	832	959	1,000	983	1,006	1,144	1,223	1,310	1,334
Total Long-Term Debt	852	823	832	959	1,000	983	1,006	1,144	1,223	1,310	1,334
Net Debt	840	813	823	948	986	969	979	1,129	1,210	1,301	1,324
Capital Expenditures (CapEx)	15	19	11	73	40	0.00	-0.38	9.01	0.00	0.00	-0.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	3.59	-11	36	7.48	3.18	21	11	-9.11	-24	-19
Debt-free Net Working Capital (DFNWC)	-7.34	14	-3.08	46	22	17	48	26	4.17	-16	-8.38
Net Working Capital (NWC)	-7.34	14	-3.08	46	22	17	48	26	4.17	-16	-8.38
Net Nonoperating Expense (NNE)	-6.06	-0.00	-1.01	47	45	42	47	45	44	49	54
Net Nonoperating Obligations (NNO)	854	828	841	966	1,005	988	999	1,151	1,232	1,324	1,347
Total Depreciation and Amortization (D&A)	43	45	46	47	47	48	53	52	51	51	53
Debt-free, Cash-free Net Working Capital to Revenue	-9.40%	1.72%	-5.25%	15.70%	3.29%	1.38%	9.36%	4.78%	-3.70%	-9.30%	-6.95%
Debt-free Net Working Capital to Revenue	-3.54%	6.50%	-1.42%	20.52%	9.71%	7.38%	21.29%	10.88%	1.70%	-6.03%	-3.12%
Net Working Capital to Revenue	-3.54%	6.50%	-1.42%	20.52%	9.71%	7.38%	21.29%	10.88%	1.70%	-6.03%	-3.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.55	$1.42	$1.53	$1.64	$1.61	$1.58	$1.25	$1.57	$1.63	$1.73	$1.64
Adjusted Weighted Average Basic Shares Outstanding	20.80M	21.08M	0.00	22M	22.70M	23.20M	23.50M	23.80M	23.91M	23.98M	24.20M
Adjusted Diluted Earnings per Share	$1.54	$1.42	$1.52	$1.63	$1.60	$1.57	$1.25	$1.57	$1.63	$1.73	$1.63
Adjusted Weighted Average Diluted Shares Outstanding	20.80M	21.08M	0.00	22M	22.70M	23.20M	23.50M	23.80M	23.91M	23.98M	24.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.80M	21.08M	0.00	22M	22.70M	23.20M	23.50M	23.80M	23.91M	23.98M	24.20M
Normalized Net Operating Profit after Tax (NOPAT)	37	37	39	75	75	75	68	75	77	83	85
Normalized NOPAT Margin	17.87%	17.75%	17.99%	33.33%	33.06%	32.19%	30.01%	31.33%	31.31%	32.16%	31.56%
Pre Tax Income Margin	25.07%	25.31%	25.66%	26.81%	27.75%	27.73%	22.34%	25.77%	26.60%	26.84%	25.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	2.29	2.41	2.53	2.08	2.36	2.49	2.40	2.26
NOPAT to Interest Expense	0.00	0.00	0.00	2.29	2.41	2.55	2.08	2.36	2.49	2.40	2.26
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.74	1.53	2.53	2.09	2.16	2.49	2.40	2.26
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.74	1.53	2.55	2.09	2.16	2.49	2.40	2.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	79.02%	90.72%	91.41%	93.87%	93.10%	94.96%	120.39%	100.82%	102.03%	98.39%	100.57%
Augmented Payout Ratio	79.02%	90.72%	91.41%	93.87%	93.10%	94.96%	120.39%	100.82%	102.03%	98.39%	100.57%

This table displays calculated financial ratios and metrics derived from Saul Centers' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.38%	3.48%	1.46%	5.67%	4.39%	6.97%	5.78%	5.08%	5.52%	1.86%
EBITDA Growth	-3.43%	0.47%	2.84%	4.59%	6.35%	7.72%	2.96%	5.21%	6.37%	-1.65%
EBIT Growth	-4.26%	1.69%	4.95%	7.33%	9.45%	10.79%	4.16%	7.77%	9.18%	-9.87%
NOPAT Growth	-4.26%	1.69%	4.95%	7.33%	9.45%	10.79%	4.16%	7.77%	9.18%	-9.87%
Net Income Growth	-8.13%	-2.90%	0.98%	1.13%	7.72%	13.46%	3.40%	13.39%	17.24%	-40.69%
EPS Growth	-13.64%	-2.56%	2.27%	0.00%	10.53%	13.16%	0.00%	11.63%	14.29%	-48.84%
Operating Cash Flow Growth	14.12%	-0.90%	-9.69%	22.94%	-35.95%	12.16%	-6.29%	-1.42%	62.03%	-11.97%
Free Cash Flow Firm Growth	-164.56%	80.16%	54.57%	63.86%	41.03%	1.34%	68.39%	91.02%	159.19%	116.76%
Invested Capital Growth	13.60%	4.31%	5.82%	5.08%	7.83%	4.26%	2.94%	2.06%	-1.68%	1.07%
Revenue Q/Q Growth	1.32%	2.04%	1.14%	1.05%	0.09%	4.57%	0.01%	0.38%	0.52%	0.95%
EBITDA Q/Q Growth	-2.47%	1.26%	4.00%	0.20%	-0.83%	2.57%	1.03%	2.39%	0.26%	-5.17%
EBIT Q/Q Growth	-3.05%	2.07%	6.00%	-0.06%	-1.14%	3.32%	2.04%	3.41%	0.15%	-14.71%
NOPAT Q/Q Growth	-3.05%	2.07%	6.00%	-0.06%	-1.14%	3.32%	2.04%	3.41%	0.15%	-14.71%
Net Income Q/Q Growth	-8.73%	-0.79%	14.76%	-2.68%	-2.78%	4.50%	4.58%	6.72%	0.52%	-47.13%
EPS Q/Q Growth	-11.63%	0.00%	18.42%	-4.44%	-2.33%	2.38%	4.65%	6.67%	0.00%	-54.17%
Operating Cash Flow Q/Q Growth	-3.73%	14.17%	23.87%	-9.71%	-49.84%	99.94%	3.49%	-5.02%	-17.56%	8.63%
Free Cash Flow Firm Q/Q Growth	-14.16%	74.98%	-52.83%	16.01%	-86.28%	58.14%	51.73%	76.14%	1,327.69%	-88.15%
Invested Capital Q/Q Growth	1.65%	1.11%	1.34%	0.89%	4.31%	-2.24%	0.06%	0.03%	0.49%	0.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	86.07%	100.00%	100.00%	113.17%	84.19%	100.00%	100.00%	115.52%
EBITDA Margin	64.33%	63.84%	66.71%	66.15%	65.54%	64.28%	64.93%	66.23%	66.07%	62.07%
Operating Margin	43.57%	43.58%	46.76%	46.25%	45.68%	45.14%	46.05%	47.44%	47.27%	39.94%
EBIT Margin	43.57%	43.58%	46.76%	46.25%	45.68%	45.14%	46.05%	47.44%	47.27%	39.94%
Profit (Net Income) Margin	25.39%	24.69%	28.01%	26.98%	26.21%	26.19%	27.38%	29.11%	29.12%	15.25%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	58.28%	56.66%	59.91%	58.33%	57.37%	58.02%	59.47%	61.37%	61.60%	38.18%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.51%	6.24%	6.68%	6.61%	6.41%	6.48%	6.66%	6.91%	6.82%	5.84%
ROIC Less NNEP Spread (ROIC-NNEP)	5.50%	5.25%	5.70%	5.61%	5.44%	5.49%	5.69%	5.97%	5.91%	4.58%
Return on Net Nonoperating Assets (RNNOA)	11.47%	11.89%	13.12%	13.20%	13.42%	13.68%	14.25%	15.09%	15.59%	12.18%
Return on Equity (ROE)	17.98%	18.13%	19.80%	19.81%	19.83%	20.16%	20.91%	22.01%	22.41%	18.02%
Cash Return on Invested Capital (CROIC)	-6.05%	2.15%	0.79%	1.52%	-1.11%	2.42%	3.72%	4.68%	8.40%	5.54%
Operating Return on Assets (OROA)	5.98%	5.99%	6.37%	6.27%	6.13%	6.07%	6.16%	6.30%	6.21%	5.21%
Return on Assets (ROA)	3.49%	3.39%	3.82%	3.66%	3.51%	3.52%	3.66%	3.87%	3.83%	1.99%
Return on Common Equity (ROCE)	8.12%	7.50%	8.17%	8.19%	8.17%	7.44%	7.58%	7.95%	8.03%	5.63%
Return on Equity Simple (ROE_SIMPLE)	16.26%	0.00%	16.54%	16.63%	17.01%	0.00%	20.06%	20.81%	21.88%	0.00%
Net Operating Profit after Tax (NOPAT)	27	27	29	29	29	30	31	32	32	27
NOPAT Margin	43.57%	43.58%	46.76%	46.25%	45.68%	45.14%	46.05%	47.44%	47.27%	39.94%
Net Nonoperating Expense Percent (NNEP)	1.01%	0.99%	0.98%	1.00%	0.97%	0.99%	0.97%	0.94%	0.91%	1.26%
Return On Investment Capital (ROIC_SIMPLE)	-	1.56%	-	-	-	1.66%	-	-	-	1.48%
Cost of Revenue to Revenue	0.00%	0.00%	13.93%	0.00%	0.00%	-13.17%	15.81%	0.00%	0.00%	-15.52%
SG&A Expenses to Revenue	9.09%	10.27%	8.36%	8.91%	8.12%	11.00%	8.67%	9.12%	8.44%	11.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.43%	56.42%	39.30%	53.75%	54.32%	68.04%	38.14%	52.56%	52.73%	75.59%
Earnings before Interest and Taxes (EBIT)	27	27	29	29	29	30	31	32	32	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	40	42	42	42	43	43	44	44	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.60	3.93	4.02	3.87	3.74	5.33	5.52	5.40	6.36	6.12
Price to Tangible Book Value (P/TBV)	3.60	3.93	4.02	3.87	3.74	5.33	5.52	5.40	6.36	6.12
Price to Revenue (P/Rev)	3.25	3.44	3.44	3.26	3.09	3.39	3.43	3.29	3.73	3.43
Price to Earnings (P/E)	20.10	21.71	21.70	20.74	19.45	20.98	21.49	20.24	22.39	23.39
Dividend Yield	6.88%	6.55%	6.59%	6.93%	7.23%	6.49%	6.33%	6.52%	5.71%	6.18%
Earnings Yield	4.97%	4.61%	4.61%	4.82%	5.14%	4.77%	4.65%	4.94%	4.47%	4.27%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.35	1.35	1.32	1.29	1.37	1.39	1.37	1.44	1.41
Enterprise Value to Revenue (EV/Rev)	9.37	9.61	9.70	9.49	9.57	9.77	9.73	9.52	9.93	9.66
Enterprise Value to EBITDA (EV/EBITDA)	14.27	14.74	14.76	14.49	14.54	14.88	14.93	14.59	15.19	14.90
Enterprise Value to EBIT (EV/EBIT)	20.98	21.61	21.49	20.95	20.89	21.26	21.26	20.66	21.36	21.39
Enterprise Value to NOPAT (EV/NOPAT)	20.98	21.61	21.49	20.95	20.89	21.26	21.26	20.66	21.36	21.39
Enterprise Value to Operating Cash Flow (EV/OCF)	18.81	19.50	20.40	19.26	21.20	21.35	21.99	21.87	21.23	21.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	64.07	175.20	89.25	0.00	57.90	37.82	29.66	17.06	25.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.26	2.34	2.43	2.47	2.63	2.60	2.53	2.54	2.58	2.66
Long-Term Debt to Equity	2.26	2.34	2.05	2.47	2.63	2.60	2.53	2.54	2.58	2.66
Financial Leverage	2.08	2.26	2.30	2.35	2.47	2.49	2.50	2.53	2.64	2.66
Leverage Ratio	3.36	3.40	3.46	3.53	3.63	3.73	3.79	3.87	3.99	4.10
Compound Leverage Factor	1.96	1.93	2.07	2.06	2.08	2.16	2.25	2.38	2.46	1.56
Debt to Total Capital	69.33%	70.09%	70.80%	71.16%	72.43%	72.19%	71.66%	71.72%	72.10%	72.69%
Short-Term Debt to Total Capital	0.00%	0.00%	10.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.33%	70.09%	59.93%	71.16%	72.43%	72.19%	71.66%	71.72%	72.10%	72.69%
Preferred Equity to Total Capital	10.74%	10.60%	10.47%	10.38%	9.98%	10.20%	10.20%	10.20%	10.15%	10.08%
Noncontrolling Interests to Total Capital	7.16%	6.95%	6.76%	6.66%	6.34%	8.60%	9.20%	9.23%	9.15%	9.01%
Common Equity to Total Capital	12.76%	12.35%	11.97%	11.80%	11.25%	9.01%	8.94%	8.86%	8.60%	8.21%
Debt to EBITDA	7.46	7.63	7.72	7.74	8.07	7.76	7.64	7.55	7.51	7.66
Net Debt to EBITDA	7.39	7.55	7.64	7.67	8.03	7.71	7.60	7.51	7.47	7.60
Long-Term Debt to EBITDA	7.46	7.63	6.53	7.74	8.07	7.76	7.64	7.55	7.51	7.66
Debt to NOPAT	10.97	11.19	11.23	11.19	11.59	11.08	10.89	10.69	10.57	10.99
Net Debt to NOPAT	10.87	11.06	11.13	11.08	11.53	11.01	10.83	10.63	10.51	10.90
Long-Term Debt to NOPAT	10.97	11.19	9.51	11.19	11.59	11.08	10.89	10.69	10.57	10.99
Altman Z-Score	0.35	0.36	0.22	0.32	0.29	0.32	0.32	0.29	0.34	0.30
Noncontrolling Interest Sharing Ratio	54.87%	58.61%	58.72%	58.69%	58.80%	63.08%	63.73%	63.87%	64.17%	68.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.06	0.24	0.83	0.76	0.81	0.71	0.63	0.81	0.88
Quick Ratio	1.12	1.06	0.24	0.83	0.76	0.81	0.71	0.63	0.81	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-181	-45	-68	-57	-107	-45	-22	-5.15	63	7.49
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-16.30	-3.85	-5.77	-4.67	-8.59	-3.54	-1.73	-0.42	5.17	0.45
Operating Cash Flow to Interest Expense	2.30	2.47	3.05	2.65	1.32	2.59	2.72	2.62	2.17	1.72
Operating Cash Flow Less CapEx to Interest Expense	2.30	2.47	3.05	2.65	1.32	2.59	2.72	2.62	2.17	1.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.13	0.13
Accounts Receivable Turnover	4.04	4.28	4.53	4.65	4.38	4.58	4.90	5.02	4.59	5.03
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.15	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Accounts Payable Turnover	0.00	0.00	0.94	0.93	0.89	0.00	0.66	0.62	0.65	0.00
Days Sales Outstanding (DSO)	90.24	85.35	80.59	78.41	83.42	79.72	74.46	72.75	79.60	72.62
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	389.49	392.65	408.06	0.00	552.29	588.33	558.12	0.00
Cash Conversion Cycle (CCC)	90.24	85.35	-308.90	-314.24	-324.64	79.72	-477.83	-515.58	-478.52	72.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,735	1,754	1,777	1,793	1,871	1,829	1,830	1,830	1,839	1,848
Invested Capital Turnover	0.15	0.14	0.14	0.14	0.14	0.14	0.14	0.15	0.14	0.15
Increase / (Decrease) in Invested Capital	208	72	98	87	136	75	52	37	-31	20
Enterprise Value (EV)	2,284	2,362	2,393	2,375	2,421	2,513	2,539	2,515	2,657	2,597
Market Capitalization	792	847	849	815	781	871	894	868	998	923
Book Value per Share	$9.20	$9.02	$8.84	$8.79	$8.72	$6.82	$6.76	$6.70	$6.50	$6.24
Tangible Book Value per Share	$9.20	$9.02	$8.84	$8.79	$8.72	$6.82	$6.76	$6.70	$6.50	$6.24
Total Capital	1,723	1,745	1,767	1,782	1,855	1,814	1,814	1,814	1,823	1,835
Total Debt	1,194	1,223	1,251	1,268	1,343	1,310	1,300	1,301	1,314	1,334
Total Long-Term Debt	1,194	1,223	1,059	1,268	1,343	1,310	1,300	1,301	1,314	1,334
Net Debt	1,184	1,210	1,239	1,257	1,337	1,301	1,293	1,294	1,307	1,324
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.93	-9.11	-26	-25	-26	-24	-32	-42	-23	-19
Debt-free Net Working Capital (DFNWC)	7.36	4.17	-14	-13	-20	-16	-25	-35	-16	-8.38
Net Working Capital (NWC)	7.36	4.17	-206	-13	-20	-16	-25	-35	-16	-8.38
Net Nonoperating Expense (NNE)	11	12	12	12	12	13	12	12	12	17
Net Nonoperating Obligations (NNO)	1,206	1,232	1,262	1,279	1,359	1,324	1,316	1,317	1,330	1,347
Total Depreciation and Amortization (D&A)	13	13	13	13	13	13	13	13	13	15
Debt-free, Cash-free Net Working Capital to Revenue	-1.20%	-3.70%	-10.39%	-9.89%	-10.44%	-9.30%	-12.38%	-15.99%	-8.50%	-6.95%
Debt-free Net Working Capital to Revenue	3.02%	1.70%	-5.60%	-5.30%	-7.84%	-6.03%	-9.67%	-13.39%	-5.81%	-3.12%
Net Working Capital to Revenue	3.02%	1.70%	-83.46%	-5.30%	-7.84%	-6.03%	-9.67%	-13.39%	-5.81%	-3.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$0.38	$0.45	$0.43	$0.42	$0.43	$0.45	$0.48	$0.48	$0.23
Adjusted Weighted Average Basic Shares Outstanding	23.90M	23.91M	23.93M	23.94M	23.94M	23.98M	23.98M	24.14M	24.17M	24.20M
Adjusted Diluted Earnings per Share	$0.38	$0.38	$0.45	$0.43	$0.42	$0.43	$0.45	$0.48	$0.48	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	23.90M	23.91M	23.93M	23.94M	23.94M	23.98M	23.98M	24.14M	24.17M	24.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.90M	23.91M	23.93M	23.94M	23.94M	23.98M	23.98M	24.14M	24.17M	24.20M
Normalized Net Operating Profit after Tax (NOPAT)	19	19	21	21	20	21	21	22	22	19
Normalized NOPAT Margin	31.24%	30.51%	32.73%	32.38%	31.98%	31.60%	32.23%	33.02%	33.09%	27.96%
Pre Tax Income Margin	25.39%	24.69%	28.01%	26.98%	26.21%	26.19%	27.38%	29.11%	29.12%	15.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.40	2.31	2.49	2.40	2.35	2.38	2.47	2.59	2.60	1.62
NOPAT to Interest Expense	2.40	2.31	2.49	2.40	2.35	2.38	2.47	2.59	2.60	1.62
EBIT Less CapEx to Interest Expense	2.40	2.31	2.49	2.40	2.35	2.38	2.47	2.59	2.60	1.62
NOPAT Less CapEx to Interest Expense	2.40	2.31	2.49	2.40	2.35	2.38	2.47	2.59	2.60	1.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	104.07%	102.03%	102.96%	103.78%	101.98%	98.39%	98.24%	96.04%	93.24%	100.57%
Augmented Payout Ratio	104.07%	102.03%	102.96%	103.78%	101.98%	98.39%	98.24%	96.04%	93.24%	100.57%

Frequently Asked Questions About Saul Centers' Financials

When does Saul Centers's fiscal year end?

According to the most recent income statement we have on file, Saul Centers' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Saul Centers' net income changed over the last 9 years?

Saul Centers' net income appears to be on an upward trend, with a most recent value of $67.70 million in 2024, rising from $57.99 million in 2014. The previous period was $69.03 million in 2023. See Saul Centers' forecast for analyst expectations on what’s next for the company.

What is Saul Centers's operating income?

Saul Centers's total operating income in 2024 was $121.40 million, based on the following breakdown:

Total Gross Profit: $268.85 million
Total Operating Expenses: $147.45 million

How has Saul Centers revenue changed over the last 9 years?

Over the last 9 years, Saul Centers' total revenue changed from $207.09 million in 2014 to $268.85 million in 2024, a change of 29.8%.

How much debt does Saul Centers have?

Saul Centers' total liabilities were at $1.63 billion at the end of 2024, a 9.1% increase from 2023, and a 75.2% increase since 2014.

How much cash does Saul Centers have?

In the past 10 years, Saul Centers' cash and equivalents has ranged from $8.32 million in 2016 to $26.86 million in 2020, and is currently $10.30 million as of their latest financial filing in 2024.

How has Saul Centers' book value per share changed over the last 10 years?

Over the last 10 years, Saul Centers' book value per share changed from 5.38 in 2014 to 6.24 in 2024, a change of 15.8%.

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This page (NYSE:BFS) was last updated on 5/4/2025 by MarketBeat.com Staff

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Saul Centers (BFS) Financials

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