Saul Ctrs Inc Stock Price, News & Analysis

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.

Saul Centers, Inc. (NYSE: BFS) reported a revenue increase to $60.0 million for the quarter ending June 30, 2021, up from $53.2 million year-over-year. Net income rose to $16.1 million, compared to $10.2 million in the previous year, driven by lower credit losses and increased occupancy at its properties, particularly The Waycroft. The company’s FFO increased to $26.0 million for the quarter. Despite the positive trends, commercial portfolio leasing dropped to 92.5% from 94.7% the previous year. The ongoing COVID-19 pandemic continues to influence operations, though tenant payment rates remain high.