Saul Ctrs Inc Stock Price, News & Analysis

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.

Saul Centers has declared a quarterly dividend of $0.55 per share, a 3.77% increase from the previous quarter, payable on July 30, 2021. Holders of record as of July 16, 2021, will receive this dividend. Additionally, dividends on Series D and Series E Preferred Stock will be paid on July 15, 2021, and $0.3828125 and $0.3750000 per share, respectively. Saul Centers operates 61 properties, mainly in the Washington, DC area, generating approximately 85% of its income.

Saul Centers, Inc. (NYSE: BFS) reported a revenue increase to $58.7 million for Q1 2021 from $56.9 million in Q1 2020. However, net income fell to $12.8 million, down from $16.8 million, impacted by initial operating costs of The Waycroft and higher credit losses. Same property revenue decreased by 2.4% to $56.4 million. The commercial portfolio's leasing dropped to 92.2% from 95.3% year-over-year. Funds from operations (FFO) decreased to $22.7 million, from $25.3 million. The company holds cash over $10 million and a borrowing capacity of $212.8 million.

On March 11, 2021, Saul Centers declared a quarterly dividend of $0.53 per share to be paid on April 30, 2021. This matches the previous quarter's dividend. Additionally, dividends of $0.3828125 and $0.375 will be paid for preferred stocks on April 15, 2021. The company reported that 99% of its tenants are operating, with 100% of shopping centers open. Rent collection rates show 95% for Q4 2020, 93% for January 2021, and 92% for February 2021, indicating robust recovery amidst the ongoing pandemic.