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.
On June 18, 2020, Saul Centers (NYSE: BFS) declared a quarterly dividend of $0.53 per share, payable on July 31, 2020, to shareholders of record on July 17, 2020. Additionally, the company announced dividends for its Series D and Series E preferred stocks. As of June 17, 2020, 91% of shopping center tenants are operational. For April and May 2020, rent collections stood at 77% and 73%, respectively, with ongoing negotiations for rent deferrals. The Waycroft project in Arlington, Virginia, has seen 34% of units applied for, enhancing the residential component of the portfolio.