SAUL CENTERS, INC. (BFS)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue75,149,000$72,004,000$70,834,000$71,856,000$67,924,000$67,288,000$66,943,000$66,692,000$66,683,000$63,766,000$63,709,000$63,049,000$62,336,000$61,087,000$60,293,000$62,144,000$60,240,000$60,256,000$60,004,000$58,724,000$58,284,000$56,760,000$53,220,000$56,943,000$56,582,000$57,052,000$58,141,000$59,750,000$58,119,000$56,910,000$56,081,000$56,109,000$56,675,000$56,237,000$55,907,000$58,466,000$54,201,000$53,233,000$52,710,000$56,926,000$52,902,000$52,376,000$51,711,000$52,088,000$52,902,000$50,595,000$52,286,000$52,947,000$
QoQ%4.37%1.65%(1.42%)5.79%.95%.52%.38%.01%4.58%.09%1.05%1.14%2.05%1.32%(2.98%)3.16%(.03%).42%2.18%.76%2.69%6.65%(6.54%).64%(.82%)(1.87%)(2.69%)2.81%2.12%1.48%(.05%)(1.00%).78%.59%(4.38%)7.87%1.82%.99%(7.41%)7.61%1.00%1.29%(.72%)1.61%4.56%(3.23%)(1.25%)5.59%
YoY%10.64%7.01%5.81%7.74%1.86%5.52%5.08%5.78%6.97%4.39%5.67%1.46%3.48%1.38%.48%5.82%3.36%6.16%12.75%3.13%3.01%(.51%)(8.46%)(4.70%)(2.65%).25%3.67%6.49%2.55%1.20%.31%(4.03%)4.56%5.64%6.07%2.71%2.46%1.64%1.93%9.29%3.20%3.52%(1.10%)(1.62%)5.50%1.69%7.12%7.65%
Cost Of Revenue22,261,000$17,223,000$16,443,000$21,229,000$16,935,000$17,731,000$17,264,000$18,168,000$17,048,000$17,361,000$16,450,000$16,280,000$16,696,000$16,073,000$14,797,000$16,956,000$15,087,000$15,364,000$14,662,000$16,515,000$15,528,000$14,939,000$13,761,000$14,189,000$14,211,000$14,639,000$13,934,000$15,149,000$14,253,000$13,847,000$13,510,000$13,969,000$14,372,000$14,313,000$13,390,000$13,585,000$13,539,000$13,271,000$12,581,000$14,361,000$12,032,000$12,862,000$12,486,000$13,763,000$14,001,000$12,080,000$11,829,000$13,241,000$
Gross Profit52,888,000$54,781,000$54,391,000$50,627,000$50,989,000$49,557,000$49,679,000$48,524,000$49,635,000$46,405,000$47,259,000$46,769,000$45,640,000$45,014,000$45,496,000$45,188,000$45,153,000$44,892,000$45,342,000$42,209,000$42,756,000$41,821,000$39,459,000$42,754,000$42,371,000$42,413,000$44,207,000$44,601,000$43,866,000$43,063,000$42,571,000$42,140,000$42,303,000$41,924,000$42,517,000$44,881,000$40,662,000$39,962,000$40,129,000$42,565,000$40,870,000$39,514,000$39,225,000$38,325,000$38,901,000$38,515,000$40,457,000$39,706,000$
Gross Margin70.38%76.08%76.79%70.46%75.07%73.65%74.21%72.76%74.43%72.77%74.18%74.18%73.22%73.69%75.46%72.72%74.96%74.50%75.57%71.88%73.36%73.68%74.14%75.08%74.88%74.34%76.03%74.65%75.48%75.67%75.91%75.10%74.64%74.55%76.05%76.76%75.02%75.07%76.13%74.77%77.26%75.44%75.85%73.58%73.53%76.12%77.38%74.99%
Operating Expenses3,774,000$5,005,000$5,736,000$2,853,000$(5,316,000$)578,000$(537,000$)258,000$19,537,000$17,275,000$17,792,000$17,285,000$18,474,000$17,750,000$18,042,000$17,095,000$18,438,000$17,093,000$17,566,000$17,426,000$31,080,000$30,218,000$43,012,000$40,114,000$41,105,000$41,724,000$41,391,000$42,673,000$42,609,000$40,218,000$40,676,000$41,161,000$27,887,000$27,538,000$28,095,000$27,507,000$27,302,000$27,240,000$26,879,000$26,184,000$26,787,000$26,276,000$26,303,000$25,638,000$24,818,000$26,036,000$26,034,000$26,993,000$
Operating Income49,114,000$49,776,000$48,655,000$47,774,000$56,305,000$48,979,000$50,216,000$48,266,000$11,676,000$11,603,000$10,208,000$16,829,000$15,041,000$15,328,000$16,750,000$17,077,000$15,509,000$16,702,000$15,902,000$14,946,000$14,416,000$14,386,000$14,422,000$17,374,000$13,360,000$12,722,000$13,250,000$16,381,000$14,083,000$13,238,000$12,922,000$12,687,000$14,083,000$12,479,000$14,423,000$12,713,000$
Operating Margin65.36%69.13%68.69%66.49%82.89%72.79%75.01%72.37%20.03%20.44%19.18%29.55%26.58%26.87%28.81%28.58%26.69%29.35%28.36%26.64%25.44%25.58%25.80%29.72%24.65%23.90%25.14%28.78%26.62%25.28%24.99%24.36%26.62%24.66%27.59%24.01%
Interest Income37,000$42,000$34,000$46,000$46,000$43,000$38,000$32,000$42,000$63,000$81,000$109,000$65,000$8,000$2,000$1,000$1,000$1,000$2,000$3,000$13,000$28,000$68,000$30,000$87,000$60,000$48,000$52,000$54,000$48,000$69,000$102,000$
Interest Expenses19,952,000$17,108,000$16,854,000$16,793,000$16,814,000$12,256,000$12,305,000$12,480,000$12,677,000$12,482,000$12,359,000$11,930,000$11,840,000$11,111,000$10,459,000$10,603,000$10,866,000$10,915,000$11,659,000$11,991,000$12,521,000$12,426,000$12,087,000$9,624,000$9,736,000$10,385,000$10,841,000$11,119,000$11,254,000$11,022,000$11,237,000$11,526,000$
Income Before Tax8,194,000$13,996,000$14,181,000$12,848,000$10,358,000$19,592,000$19,490,000$18,263,000$17,463,000$16,711,000$17,189,000$17,663,000$15,391,000$15,513,000$16,997,000$17,491,000$15,850,000$16,885,000$16,119,000$12,795,000$11,676,000$11,603,000$10,208,000$16,829,000$15,041,000$15,328,000$16,750,000$17,077,000$15,509,000$16,702,000$15,901,000$14,947,000$14,488,000$14,385,000$14,421,000$17,374,000$14,376,000$12,723,000$13,247,000$16,374,000$14,085,000$13,232,000$12,933,000$12,681,000$12,310,000$12,480,000$20,487,000$12,711,000$
Tax Expenses
Net Income8,194,000$13,996,000$14,181,000$12,848,000$10,358,000$19,592,000$19,490,000$18,263,000$17,463,000$16,711,000$17,189,000$17,663,000$15,391,000$15,513,000$16,997,000$17,491,000$15,850,000$16,885,000$16,119,000$12,795,000$11,676,000$11,603,000$10,208,000$16,829,000$15,041,000$15,328,000$16,750,000$17,077,000$15,509,000$16,702,000$15,901,000$14,947,000$14,488,000$14,385,000$14,421,000$17,374,000$14,376,000$12,723,000$13,247,000$16,374,000$14,085,000$13,232,000$12,933,000$12,681,000$12,310,000$12,480,000$20,487,000$12,711,000$
Profit Margin10.90%19.44%20.02%17.88%15.25%29.12%29.11%27.38%26.19%26.21%26.98%28.02%24.69%25.40%28.19%28.15%26.31%28.02%26.86%21.79%20.03%20.44%19.18%29.55%26.58%26.87%28.81%28.58%26.69%29.35%28.35%26.64%25.56%25.58%25.80%29.72%26.52%23.90%25.13%28.76%26.63%25.26%25.01%24.35%23.27%24.67%39.18%24.01%
TTM16.98%18.18%20.50%22.73%25.18%27.96%27.24%26.69%26.84%26.48%26.28%26.57%26.60%27.01%27.67%27.34%25.77%24.22%22.33%20.39%22.34%24.02%25.65%27.96%27.73%27.75%28.35%28.24%27.75%27.48%26.53%25.89%26.69%26.94%26.55%26.40%26.13%26.15%26.49%26.47%25.32%24.66%24.51%28.10%27.78%28.09%27.73%21.90%
Earnings to Minority4,490,000$6,305,000$6,260,000$5,847,000$5,067,000$7,909,000$7,841,000$7,431,000$7,056,000$6,690,000$6,826,000$6,959,000$6,327,000$6,361,000$6,780,000$6,924,000$6,406,000$6,545,000$6,172,000$5,331,000$5,053,000$5,034,000$4,678,000$6,363,000$8,577,000$6,312,000$6,471,000$6,583,000$6,193,000$6,500,000$6,311,000$8,091,000$6,022,000$5,995,000$6,005,000$6,764,000$6,005,000$5,577,000$5,714,000$6,520,000$5,929,000$5,710,000$5,631,000$5,568,000$4,154,000$5,580,000$7,640,000$5,630,000$
Earnings to Common Shareholders3,704,000$7,691,000$7,921,000$7,001,000$5,291,000$11,683,000$11,649,000$10,832,000$10,407,000$10,021,000$10,363,000$10,704,000$9,064,000$9,152,000$10,217,000$10,567,000$9,444,000$10,340,000$9,947,000$7,464,000$6,623,000$6,569,000$5,530,000$10,466,000$6,464,000$9,016,000$10,279,000$10,494,000$9,316,000$10,202,000$9,590,000$6,856,000$8,466,000$8,390,000$8,416,000$10,610,000$8,371,000$7,146,000$7,533,000$9,854,000$8,156,000$7,522,000$7,302,000$7,113,000$8,156,000$6,900,000$12,847,000$7,081,000$
QoQ%(51.84%)(2.90%)13.14%32.32%(54.71%).29%7.54%4.08%3.85%(3.30%)(3.19%)18.09%(.96%)(10.42%)(3.31%)11.89%(8.67%)3.95%33.27%12.70%.82%18.79%(47.16%)61.91%(28.31%)(12.29%)(2.05%)12.65%(8.69%)6.38%39.88%(19.02%).91%(.31%)(20.68%)26.75%17.14%(5.14%)(23.55%)20.82%8.43%3.01%2.66%34.87%18.20%(46.29%)81.43%5.85%
YoY%(29.99%)(34.17%)(32.00%)(35.37%)(49.16%)16.59%12.41%1.20%14.82%9.50%1.43%1.30%(4.02%)(11.49%)2.71%41.57%42.59%57.41%79.87%(28.68%)2.46%(27.14%)(46.20%)(.27%)(30.61%)(11.63%)7.19%53.06%10.04%21.60%13.95%(35.38%)1.14%17.41%11.72%7.67%2.64%(5.00%)3.16%38.54%54.65%9.01%(43.16%).45%21.91%11.43%279.30%253.67%
Earnings Per Share, Basic0.15$0.32$0.33$0.29$0.22$0.48$0.48$0.45$0.43$0.42$0.43$0.45$0.38$0.38$0.43$0.44$0.40$0.44$0.42$0.32$0.28$0.28$0.24$0.45$0.28$0.39$0.45$0.46$0.41$0.45$0.43$0.31$0.38$0.38$0.39$0.49$0.39$0.33$0.35$0.46$0.38$0.36$0.35$0.34$0.39$0.33$0.62$0.34$
Earnings Per Share, Diluted0.15$0.32$0.33$0.29$0.22$0.48$0.48$0.45$0.43$0.42$0.43$0.45$0.38$0.38$0.43$0.44$0.40$0.44$0.42$0.32$0.28$0.28$0.24$0.45$0.28$0.39$0.45$0.46$0.41$0.45$0.43$0.31$0.38$0.38$0.38$0.48$0.38$0.33$0.35$0.46$0.38$0.35$0.35$0.34$0.39$0.33$0.62$0.34$
Unlevered FCF Per Share, Basic0.91$0.85$1.10$1.26$1.19$1.10$1.33$1.40$1.36$0.68$1.36$1.50$1.21$1.06$1.10$1.67$1.24$0.94$1.35$1.48$0.92$0.64$0.67$1.12$1.43$0.79$1.40$1.39$1.57$0.94$1.25$1.16$1.31$0.76$1.20$1.45$0.86$0.78$1.04$1.47$1.14$0.77$1.20$1.10$0.98$1.12$0.91$1.16$
Unlevered FCF Per Share, Diluted0.91$0.85$1.10$1.26$1.19$1.10$1.33$1.40$1.36$0.68$1.36$1.50$1.21$1.06$1.10$1.67$1.24$0.94$1.35$1.48$0.92$0.64$0.67$1.12$1.43$0.79$1.40$1.38$1.56$0.94$1.25$1.16$1.31$0.76$1.19$1.44$0.86$0.77$1.03$1.47$1.13$0.77$1.19$1.10$0.97$1.12$0.91$1.16$
Average Shares, Basic24,269,00024,230,00024,199,00024,174,00024,157,00024,133,00024,112,00024,094,00024,076,00024,059,00024,043,00024,026,00024,012,00023,997,00023,963,00023,884,00023,762,00023,692,00023,624,00023,542,00023,438,00023,353,00023,338,00023,295,00023,196,00023,081,00022,939,00022,820,00022,662,00022,432,00022,260,00022,178,00022,071,00021,942,00021,846,00021,745,00021,674,00021,597,00021,443,00021,306,00021,234,00021,158,00021,098,00021,018,00020,910,00020,839,00020,717,00020,622,000
Average Shares, Diluted24,296,00024,242,00024,219,00024,195,00024,200,00024,155,00024,116,00024,097,00024,080,00024,062,00024,044,00024,026,00024,012,00023,999,00023,979,00023,898,00023,785,00023,696,00023,625,00023,542,00023,438,00023,353,00023,338,00023,299,00023,234,00023,121,00022,994,00022,863,00022,693,00022,501,00022,288,00022,218,00022,185,00022,028,00021,927,00021,892,00021,828,00021,779,00021,516,00021,337,00021,313,00021,191,00021,143,00021,137,00021,000,00020,878,00020,743,00020,663,000
EBIT28,146,000$31,104,000$31,035,000$29,641,000$27,172,000$31,848,000$31,795,000$30,743,000$30,140,000$29,193,000$29,548,000$29,593,000$27,231,000$26,624,000$27,456,000$28,094,000$26,716,000$27,800,000$27,778,000$24,786,000$24,197,000$24,029,000$22,295,000$26,453,000$24,777,000$25,713,000$27,591,000$28,196,000$26,763,000$27,724,000$27,138,000$26,473,000$14,488,000$14,385,000$14,421,000$17,374,000$14,376,000$12,723,000$13,247,000$16,374,000$14,085,000$13,232,000$12,933,000$12,681,000$12,310,000$12,480,000$20,487,000$12,711,000$
EBITDA44,203,000$45,210,000$45,133,000$44,164,000$41,572,000$43,920,000$43,796,000$42,772,000$42,343,000$41,289,000$41,662,000$41,610,000$39,301,000$38,819,000$39,833,000$40,421,000$39,136,000$40,267,000$40,415,000$37,534,000$37,730,000$37,742,000$34,895,000$37,734,000$35,925,000$37,731,000$39,115,000$39,839,000$38,668,000$38,980,000$38,489,000$37,822,000$25,786,000$25,748,000$26,112,000$28,716,000$25,315,000$24,349,000$24,064,000$27,409,000$24,973,000$24,363,000$23,744,000$23,121,000$22,768,000$22,736,000$30,796,000$22,891,000$