Welcome to our dedicated page for Saul Ctrs news (Ticker: BFS), a resource for investors and traders seeking the latest updates and insights on Saul Ctrs stock.
Saul Centers, Inc. (NYSE: BFS) is an equity real estate investment trust (REIT) that regularly releases detailed information about its operations, portfolio and capital structure. News related to Saul Centers often includes quarterly and annual earnings announcements, dividend declarations on its common stock and preferred stock, and updates on its shopping center and mixed-use property portfolio.
Company press releases describe a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, with a portfolio of 62 properties consisting of community and neighborhood shopping centers, mixed-use properties and non-operating land and development properties. Over 85% of its property operating income or property net operating income is generated by assets in the metropolitan Washington, D.C./Baltimore area, so many updates focus on performance and leasing trends in that regional market.
Investors following BFS news can see recurring disclosures on metrics such as total revenue, net income, same property revenue, same property net operating income and funds from operations (FFO). The company also issues news about leasing progress and initial operations at development projects, such as Twinbrook Quarter Phase I, and how these projects affect net income and FFO as costs move from capitalization to expense while occupancy grows.
Saul Centers’ news flow also covers capital markets and financing developments, including changes to its senior unsecured credit facility and related covenants, as reported in SEC filings and referenced press releases. Regular dividend announcements on the company’s common stock and its 6.125% Series D and 6.000% Series E preferred stock are another recurring news theme. Readers interested in BFS can use this news page to review historical and recent company communications about its real estate portfolio, financial performance and capital structure.
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Saul Centers, Inc. (NYSE: BFS) has announced a quarterly dividend of $0.59 per share, payable on April 28, 2023, to record holders on April 17, 2023. This dividend remains unchanged from the previous quarter but shows a 3.51% increase compared to the same quarter last year. Additionally, dividends for preferred stocks include $0.3828125 for the 6.125% Series D and $0.3750 for the 6.000% Series E, payable on April 17, 2023. Saul Centers manages a 9.8 million sq ft real estate portfolio, primarily generating income from the Washington DC/Baltimore area.
Saul Centers, Inc. (NYSE: BFS) reported its financial results for Q4 and the year ended December 31, 2022. Total revenue rose to $62.3 million in Q4, up from $60.2 million the previous year, while net income fell to $15.4 million from $15.9 million. For the full year, revenue increased to $245.9 million, with net income growing to $65.4 million. The company’s Funds From Operations (FFO) for Q4 decreased to $24.7 million, while the annual FFO rose to $103.2 million. Leasing remained strong, with the commercial portfolio at 93.2% occupancy. However, higher interest expenses impacted net income and FFO.
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.