Saul Ctrs Inc Stock Price, News & Analysis

Saul Centers, Inc. (NYSE: BFS) has announced the tax treatment of its 2022 dividends, totaling $2.32 per share for common stock. Of this amount, 56.8% or $1.32 per share is classified as ordinary income, while 43.2% or $1.00 per share is considered return of capital. Additionally, the company paid dividends on its preferred stock amounting to $1.53125 for Series D and $1.50000 for Series E, all categorized as ordinary income. Shareholders will receive this information via Form 1099-DIV.

Saul Centers, Inc. (NYSE: BFS) declared a quarterly dividend of $0.59 per share for its common stock, payable on January 31, 2023, to holders of record on January 17, 2023. This dividend remains unchanged from the previous quarter but marks a $0.02 (3.51%) increase from the same quarter last year. Additionally, quarterly dividends for its preferred stock were announced: $0.3828125 for Series D and $0.3750000 for Series E, both payable on January 17, 2023. Saul Centers manages a portfolio of 61 properties, predominantly in the Washington, DC/Baltimore area.

Saul Centers, Inc. (NYSE: BFS) reported Q3 2022 results with total revenue rising to $61.1 million, up from $60.3 million year-over-year. However, net income decreased to $15.5 million due to higher expenses and losses on debt extinguishment. Same property revenue increased by 1.4%, while the overall leased commercial portfolio reached 93.0%. For the nine-month period, total revenue also grew to $183.5 million, with net income up to $50 million. Funds from operations (FFO) for Q3 dropped to $24.9 million, attributed to escalating administrative costs and losses related to debt, despite higher base rent.

Saul Centers, Inc. (NYSE: BFS) has announced a quarterly dividend of $0.59 per share, payable on October 31, 2022, to shareholders of record as of October 17, 2022. This dividend is maintained from the previous quarter but shows a 7.27% increase compared to the same period last year. Additionally, dividends for preferred stocks were declared: $0.3828125 for Series D and $0.3750000 for Series E, payable on October 17, 2022. Saul Centers operates a diversified portfolio of 61 properties primarily in the Washington, DC/Baltimore area.

Saul Centers, Inc. (NYSE: BFS) reported a revenue increase to $60.3 million for Q2 2022, compared to $60.0 million in Q2 2021. Net income rose to $17.0 million from $16.1 million, mainly due to higher capitalized interest and base rent. Same property revenue rose 0.5%, while same property operating income increased 0.3%. Leasing rates remained stable with 92.6% of the commercial portfolio leased. For the six months ended June 30, 2022, total revenue grew to $122.4 million, with net income rising to $34.5 million. Notably, funds from operations available to common stockholders were $26.6 million in Q2 2022.

Saul Centers, Inc. (NYSE: BFS) has announced a quarterly dividend of $0.59 per share, payable on July 29, 2022, with a record date of July 15, 2022. This marks a $0.02 (3.51%) increase from the previous quarter, and a $0.04 (7.27%) increase year-over-year. Additionally, the company declared dividends for its preferred stocks: $0.3828125 for Series D and $0.3750000 for Series E, payable on July 15, 2022. Saul Centers operates 61 properties primarily in the Washington DC/Baltimore area, generating 85% of its income from this region.

Saul Centers, Inc. (NYSE: BFS) reported a strong financial performance for the first quarter of 2022, with total revenue rising to $62.1 million, up from $58.7 million in Q1 2021. Net income increased to $17.5 million from $12.8 million, leading to earnings of $0.44 per diluted share. Same property revenue grew by 5.8% to $3.4 million and operating income rose by 7.1%. The company maintained a leasing rate of 92.5% in its commercial portfolio. Despite challenges from the COVID-19 pandemic, tenant payments reached 98% for the quarter.

Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.57 per share on its common stock, unchanged from the previous quarter. This represents a $0.04 increase (7.55%) compared to the same quarter last year. The dividend will be paid on April 29, 2022, to shareholders of record as of April 15, 2022. Additionally, quarterly dividends for Series D and Series E preferred stocks were announced, amounting to $0.3828125 and $0.3750000 per depositary share, respectively, payable on April 15, 2022.

Saul Centers, Inc. (NYSE: BFS) reported a positive operational performance for the quarter ended December 31, 2021, with total revenue rising to $60.2 million, up from $58.3 million in 2020. Net income increased significantly to $15.9 million compared to $11.7 million a year earlier. The company's mixed-use development, The Waycroft, achieved a 97.1% leasing rate. For the year, total revenue grew to $239.2 million, with net income reaching $61.6 million. Funds From Operations (FFO) increased to $25.5 million for the quarter and $100.7 million for the year, demonstrating strong cash flow.