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.
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.
Saul Centers, Inc. (NYSE: BFS) announced the tax treatment of its 2021 dividends, totaling $2.16 per share, with 69.07% classified as ordinary income and 30.93% as return of capital. Preferred stock dividends included $1.53125 per depositary share for Series D and $1.50000 for Series E, all reported as ordinary income. The company owns and manages a portfolio of 61 properties, predominantly in the Washington DC/Baltimore area, contributing to significant operating income.
Saul Centers has announced a quarterly dividend of $0.57 per share, reflecting a 3.64% increase from the previous quarter and a 7.55% increase year-over-year. The payment date is January 31, 2022, with a record date of January 14, 2022. Additionally, dividends for Series D and Series E preferred stocks are set at $0.3828125 and $0.3750000 respectively, payable on January 18, 2022. Saul Centers operates 61 properties primarily in the DC/Baltimore area, with about 85% of its income from these operations.
Saul Centers, with ticker BFS, reported significant operating results for Q3 2021, showing a total revenue increase to $60.3 million from $56.8 million in Q3 2020. Net income increased to $16.9 million from $11.6 million. The Waycroft development, 98% leased, contributed positively with a $1.5 million impact from increased occupancy. Funds from operations rose to $26.6 million ($0.82/share), supported by lower credit losses and higher capitalized interest. As of September 30, 2021, 92.5% of the commercial portfolio was leased, showing slight declines from the prior year.
Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.55 per share, to be paid on October 29, 2021, for shareholders of record as of October 15, 2021. This dividend matches the previous quarter's amount but shows a $0.02 (3.77%) increase compared to the same quarter last year. Additionally, quarterly dividends were declared for Series D and E preferred stocks, amounting to $0.3828125 and $0.3750000 per depositary share, respectively, payable on October 15, 2021. The company operates 61 properties, primarily in the Washington DC/Baltimore area.