| SAUL CENTERS, INC. (BFS) |
| Q1-CY2026 | Q4-CY2025 | Q3-CY2025 | Q2-CY2025 | Q1-CY2025 | Q4-CY2024 | Q3-CY2024 | Q2-CY2024 | Q1-CY2024 | Q4-CY2023 | Q3-CY2023 | Q2-CY2023 | Q1-CY2023 | Q4-CY2022 | Q3-CY2022 | Q2-CY2022 | Q1-CY2022 | Q4-CY2021 | Q3-CY2021 | Q2-CY2021 | Q1-CY2021 | Q4-CY2020 | Q3-CY2020 | Q2-CY2020 | Q1-CY2020 | Q4-CY2019 | Q3-CY2019 | Q2-CY2019 | Q1-CY2019 | Q4-CY2018 | Q3-CY2018 | Q2-CY2018 | Q1-CY2018 | Q4-CY2017 | Q3-CY2017 | Q2-CY2017 | Q1-CY2017 | Q4-CY2016 | Q3-CY2016 | Q2-CY2016 | Q1-CY2016 | Q4-CY2015 | Q3-CY2015 | Q2-CY2015 | Q1-CY2015 | Q4-CY2014 | Q3-CY2014 | Q2-CY2014 | Q1-CY2014 |
| Balance Sheet Date | | 2025-Dec-31 | 2025-Sep-30 | 2025-Jun-30 | 2025-Mar-31 | 2024-Dec-31 | 2024-Sep-30 | 2024-Jun-30 | 2024-Mar-31 | 2023-Dec-31 | 2023-Sep-30 | 2023-Jun-30 | 2023-Mar-31 | 2022-Dec-31 | 2022-Sep-30 | 2022-Jun-30 | 2022-Mar-31 | 2021-Dec-31 | 2021-Sep-30 | 2021-Jun-30 | 2021-Mar-31 | 2020-Dec-31 | 2020-Sep-30 | 2020-Jun-30 | 2020-Mar-31 | 2019-Dec-31 | 2019-Sep-30 | 2019-Jun-30 | 2019-Mar-31 | 2018-Dec-31 | 2018-Sep-30 | 2018-Jun-30 | 2018-Mar-31 | 2017-Dec-31 | 2017-Sep-30 | 2017-Jun-30 | 2017-Mar-31 | 2016-Dec-31 | 2016-Sep-30 | 2016-Jun-30 | 2016-Mar-31 | 2015-Dec-31 | 2015-Sep-30 | 2015-Jun-30 | 2015-Mar-31 | 2014-Dec-31 | 2014-Sep-30 | 2014-Jun-30 | 2014-Mar-31 |
| Fiscal Period | | Q4-FY2025 | Q3-FY2025 | Q2-FY2025 | Q1-FY2025 | Q4-FY2024 | Q3-FY2024 | Q2-FY2024 | Q1-FY2024 | Q4-FY2023 | Q3-FY2023 | Q2-FY2023 | Q1-FY2023 | Q4-FY2022 | Q3-FY2022 | Q2-FY2022 | Q1-FY2022 | Q4-FY2021 | Q3-FY2021 | Q2-FY2021 | Q1-FY2021 | Q4-FY2020 | Q3-FY2020 | Q2-FY2020 | Q1-FY2020 | Q4-FY2019 | Q3-FY2019 | Q2-FY2019 | Q1-FY2019 | Q4-FY2018 | Q3-FY2018 | Q2-FY2018 | Q1-FY2018 | Q4-FY2017 | Q3-FY2017 | Q2-FY2017 | Q1-FY2017 | Q4-FY2016 | Q3-FY2016 | Q2-FY2016 | Q1-FY2016 | Q4-FY2015 | Q3-FY2015 | Q2-FY2015 | Q1-FY2015 | Q4-FY2014 | Q3-FY2014 | Q2-FY2014 | Q1-FY2014 |
| Total Assets | | 2,162,678,000$ | 2,167,581,000$ | 2,139,684,000$ | 2,131,486,000$ | 2,126,404,000$ | 2,113,024,000$ | 2,071,597,000$ | 2,030,306,000$ | 1,994,137,000$ | 1,960,923,000$ | 1,906,694,000$ | 1,868,005,000$ | 1,833,302,000$ | 1,810,018,000$ | 1,782,486,000$ | 1,755,552,000$ | 1,746,761,000$ | 1,739,500,000$ | 1,736,980,000$ | 1,734,256,000$ | 1,645,572,000$ | 1,681,374,000$ | 1,686,636,000$ | 1,644,840,000$ | 1,618,340,000$ | 1,646,764,000$ | 1,569,162,000$ | 1,545,828,000$ | 1,527,489,000$ | 1,506,138,000$ | 1,446,482,000$ | 1,429,147,000$ | 1,422,452,000$ | 1,423,728,000$ | 1,420,878,000$ | 1,419,782,000$ | 1,343,025,000$ | 1,311,004,000$ | 1,295,455,000$ | 1,301,635,000$ | 1,295,408,000$ | 1,296,950,000$ | 1,278,043,000$ | 1,270,611,000$ | 1,257,113,000$ | 1,258,528,000$ | 1,227,428,000$ | 1,204,597,000$ |
| Total Current Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Cash and Cash Equivalents | | 8,741,000$ | 11,788,000$ | 5,303,000$ | 6,492,000$ | 10,299,000$ | 7,197,000$ | 6,863,000$ | 7,079,000$ | 8,407,000$ | 6,586,000$ | 11,473,000$ | 11,812,000$ | 13,279,000$ | 10,291,000$ | 11,167,000$ | 12,313,000$ | 14,594,000$ | 11,917,000$ | 14,857,000$ | 14,554,000$ | 26,856,000$ | 54,305,000$ | 66,457,000$ | 31,935,000$ | 13,905,000$ | 52,269,000$ | 9,262,000$ | 11,456,000$ | 14,578,000$ | 9,771,000$ | 6,425,000$ | 8,979,000$ | 10,908,000$ | 9,385,000$ | 12,395,000$ | 9,671,000$ | 8,322,000$ | 9,836,000$ | 10,981,000$ | 15,352,000$ | 10,003,000$ | 8,922,000$ | 11,714,000$ | 12,120,000$ | 12,128,000$ | 13,022,000$ | 21,829,000$ | 15,351,000$ |
| Receivables | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Other Current Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Assets Held for Sale in Short Term | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Noncurrent Assets | | 2,162,678,000$ | 2,167,581,000$ | 2,139,684,000$ | 2,131,486,000$ | 2,126,404,000$ | 2,113,024,000$ | 2,071,597,000$ | 2,030,306,000$ | 1,994,137,000$ | 1,960,923,000$ | 1,906,694,000$ | 1,868,005,000$ | 1,833,302,000$ | 1,810,018,000$ | 1,782,486,000$ | 1,755,552,000$ | 1,746,761,000$ | 1,739,500,000$ | 1,736,980,000$ | 1,734,256,000$ | 1,645,572,000$ | 1,681,374,000$ | 1,686,636,000$ | 1,644,840,000$ | 1,618,340,000$ | 1,646,764,000$ | 1,569,162,000$ | 1,545,828,000$ | 1,527,489,000$ | 1,506,138,000$ | 1,446,482,000$ | 1,429,147,000$ | 1,422,452,000$ | 1,423,728,000$ | 1,420,878,000$ | 1,419,782,000$ | 1,343,025,000$ | 1,311,004,000$ | 1,295,455,000$ | 1,301,635,000$ | 1,295,408,000$ | 1,296,950,000$ | 1,278,043,000$ | 1,270,611,000$ | 1,257,113,000$ | 1,258,528,000$ | 1,227,428,000$ | 1,204,597,000$ |
| Goodwill | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Other Intangible Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Physical Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Other Noncurrent Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Assets Held for Sale in Long Term | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Liabilities | | 1,685,421,000$ | 1,682,376,000$ | 1,651,410,000$ | 1,639,750,000$ | 1,625,280,000$ | 1,604,340,000$ | 1,558,577,000$ | 1,516,375,000$ | 1,489,708,000$ | 1,449,590,000$ | 1,392,650,000$ | 1,352,170,000$ | 1,311,500,000$ | 1,281,701,000$ | 1,252,455,000$ | 1,225,093,000$ | 1,216,274,000$ | 1,209,893,000$ | 1,207,527,000$ | 1,230,394,000$ | 1,218,039,000$ | 1,249,757,000$ | 1,248,350,000$ | 1,198,234,000$ | 1,174,984,000$ | 1,101,327,000$ | 1,132,553,000$ | 1,115,497,000$ | 1,102,269,000$ | 1,089,339,000$ | 1,040,151,000$ | 1,035,790,000$ | 1,029,349,000$ | 1,035,596,000$ | 1,036,417,000$ | 1,040,471,000$ | 969,776,000$ | 940,993,000$ | 929,025,000$ | 943,613,000$ | 941,681,000$ | 948,953,000$ | 932,222,000$ | 927,624,000$ | 927,730,000$ | 919,242,000$ | 890,773,000$ | 884,188,000$ |
| Total Current Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Accounts Payable | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Short Term Debt | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Short Term Capital Lease Obligations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Other Current Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Noncurrent Liabilities | | 1,685,421,000$ | 1,682,376,000$ | 1,651,410,000$ | 1,639,750,000$ | 1,625,280,000$ | 1,604,340,000$ | 1,558,577,000$ | 1,516,375,000$ | 1,489,708,000$ | 1,449,590,000$ | 1,392,650,000$ | 1,352,170,000$ | 1,311,500,000$ | 1,281,701,000$ | 1,252,455,000$ | 1,225,093,000$ | 1,216,274,000$ | 1,209,893,000$ | 1,207,527,000$ | 1,230,394,000$ | 1,218,039,000$ | 1,249,757,000$ | 1,248,350,000$ | 1,198,234,000$ | 1,174,984,000$ | 1,101,327,000$ | 1,132,553,000$ | 1,115,497,000$ | 1,102,269,000$ | 1,089,339,000$ | 1,040,151,000$ | 1,035,790,000$ | 1,029,349,000$ | 1,035,596,000$ | 1,036,417,000$ | 1,040,471,000$ | 969,776,000$ | 940,993,000$ | 929,025,000$ | 943,613,000$ | 941,681,000$ | 948,953,000$ | 932,222,000$ | 927,624,000$ | 927,730,000$ | 919,242,000$ | 890,773,000$ | 884,188,000$ |
| Long Term Debt | | 468,447,000$ | 1,588,059,000$ | 1,564,679,000$ | 1,544,599,000$ | 455,786,000$ | 1,492,882,000$ | 1,442,604,000$ | 1,408,650,000$ | 332,333,000$ | 1,343,312,000$ | 1,294,130,000$ | 1,250,948,000$ | 320,797,000$ | 1,194,200,000$ | 1,165,265,000$ | 1,139,855,000$ | 237,410,000$ | 1,135,935,000$ | 1,132,559,000$ | 1,139,183,000$ | 268,155,000$ | 1,175,783,000$ | 1,174,567,000$ | 1,119,076,000$ | 271,662,000$ | 1,014,728,000$ | 1,045,304,000$ | 1,023,121,000$ | 251,361,000$ | 1,012,912,000$ | 269,525,000$ | 277,006,000$ | 284,627,000$ | 262,943,000$ | 269,822,000$ | 245,037,000$ | 231,800,000$ | 232,173,000$ | 238,378,000$ | 244,484,000$ | 250,543,000$ | 256,205,000$ | 262,076,000$ | 260,564,000$ | 255,430,000$ | 261,093,000$ | 266,671,000$ | 267,488,000$ |
| Long Term Capital Lease Obligations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Other Noncurrent Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Equity | | 477,257,000$ | 485,205,000$ | 488,274,000$ | 491,736,000$ | 501,124,000$ | 508,684,000$ | 513,020,000$ | 513,931,000$ | 504,429,000$ | 511,333,000$ | 514,044,000$ | 515,835,000$ | 521,802,000$ | 528,317,000$ | 530,031,000$ | 530,459,000$ | 530,487,000$ | 529,607,000$ | 529,453,000$ | 503,862,000$ | 427,533,000$ | 431,617,000$ | 438,286,000$ | 446,606,000$ | 443,356,000$ | 545,437,000$ | 436,609,000$ | 430,331,000$ | 425,220,000$ | 416,799,000$ | 406,330,000$ | 393,357,000$ | 393,103,000$ | 388,132,000$ | 384,461,000$ | 379,311,000$ | 373,249,000$ | 370,011,000$ | 366,430,000$ | 358,022,000$ | 353,727,000$ | 347,997,000$ | 345,821,000$ | 342,987,000$ | 339,257,000$ | 339,286,000$ | 336,655,000$ | 320,409,000$ |
| Equity to Minority | | 169,437,000$ | 168,579,000$ | 165,896,000$ | 163,369,000$ | 165,370,000$ | 166,838,000$ | 167,352,000$ | 166,844,000$ | 156,040,000$ | 117,666,000$ | 118,642,000$ | 119,429,000$ | 121,318,000$ | 123,359,000$ | 124,089,000$ | 124,925,000$ | 125,438,000$ | 86,842,000$ | 87,182,000$ | 62,098,000$ | 63,208,000$ | 64,599,000$ | 66,178,000$ | 68,486,000$ | 68,375,000$ | 69,488,000$ | 69,825,000$ | 69,476,000$ | 69,308,000$ | 69,566,000$ | 69,384,000$ | 59,232,000$ | 58,698,000$ | 58,676,000$ | 58,636,000$ | 57,106,000$ | 54,744,000$ | 53,582,000$ | 52,699,000$ | 51,812,000$ | 50,399,000$ | 48,929,000$ | 47,974,000$ | 47,161,000$ | 46,721,000$ | 47,889,000$ | 48,299,000$ | 42,160,000$ |
| Equity to Common Shareholders | | 307,820,000$ | 316,626,000$ | 322,378,000$ | 328,367,000$ | 335,754,000$ | 341,846,000$ | 345,668,000$ | 347,087,000$ | 348,389,000$ | 393,667,000$ | 395,402,000$ | 396,406,000$ | 400,484,000$ | 404,958,000$ | 405,942,000$ | 405,534,000$ | 405,049,000$ | 442,765,000$ | 442,271,000$ | 441,764,000$ | 364,325,000$ | 367,018,000$ | 372,108,000$ | 378,120,000$ | 374,981,000$ | 475,949,000$ | 366,784,000$ | 360,855,000$ | 355,912,000$ | 347,233,000$ | 336,947,000$ | 334,125,000$ | 334,405,000$ | 329,456,000$ | 325,825,000$ | 322,205,000$ | 318,505,000$ | 316,429,000$ | 313,731,000$ | 306,210,000$ | 303,328,000$ | 299,068,000$ | 297,847,000$ | 295,826,000$ | 292,536,000$ | 291,397,000$ | 288,356,000$ | 278,249,000$ |
| Additional Paid-In Capital | | 459,222,000$ | 457,283,000$ | 456,120,000$ | 455,112,000$ | 454,086,000$ | 453,074,000$ | 451,845,000$ | 450,781,000$ | 449,959,000$ | 449,076,000$ | 448,231,000$ | 447,134,000$ | 446,301,000$ | 445,456,000$ | 444,496,000$ | 440,151,000$ | 436,609,000$ | 430,537,000$ | 427,347,000$ | 423,787,000$ | 420,625,000$ | 417,504,000$ | 416,793,000$ | 415,962,000$ | 410,926,000$ | 401,395,000$ | 399,047,000$ | 391,122,000$ | 384,533,000$ | 373,036,000$ | 361,413,000$ | 356,715,000$ | 352,590,000$ | 344,820,000$ | 338,495,000$ | 332,158,000$ | 328,171,000$ | 324,185,000$ | 318,778,000$ | 308,574,000$ | 305,008,000$ | 300,230,000$ | 297,009,000$ | 293,564,000$ | 287,995,000$ | 283,456,000$ | 279,243,000$ | 273,351,000$ |
| Retained Earnings | | (337,708,000$) | (326,978,000$) | (320,255,000$) | (313,879,000$) | (306,541,000$) | (297,498,000$) | (294,852,000$) | (292,213,000$) | (288,825,000$) | (285,024,000$) | (280,850,000$) | (277,020,000$) | (273,559,000$) | (268,451,000$) | (263,444,000$) | (259,506,000$) | (256,448,000$) | (252,309,000$) | (249,612,000$) | (246,559,000$) | (241,535,000$) | (235,720,000$) | (229,918,000$) | (223,075,000$) | (221,177,000$) | (215,334,000$) | (212,109,000$) | (210,207,000$) | (208,593,000$) | (205,872,000$) | (204,404,000$) | (202,405,000$) | (197,710,000$) | (194,659,000$) | (191,837,000$) | (189,078,000$) | (188,584,000$) | (185,886,000$) | (182,856,000$) | (180,264,000$) | (180,091,000$) | (179,102,000$) | (177,517,000$) | (175,738,000$) | (173,774,000$) | (170,673,000$) | (169,222,000$) | (173,747,000$) |
| Treasury Stock | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Capital Lease Obligations | | 1,000,000$ | 1,200,000$ | 1,400,000$ | 1,600,000$ | 1,800,000$ | 2,000,000$ | 2,200,000$ | 2,400,000$ | 2,600,000$ | 2,700,000$ | 2,900,000$ | 3,100,000$ | 3,200,000$ | 3,400,000$ | 3,600,000$ | 3,800,000$ | 100,000$ | 334,500$ | 530,200$ | 724,100$ | 900,000$ | 1,100,000$ | 1,300,000$ | 1,500,000$ | 1,600,000$ | 1,800,000$ | 2,000,000$ | 2,200,000$ | | | | | | | | | | | | | | | | | | | | |