Saul Centers, Inc. Announces Tax Treatment of 2025 Dividends

Rhea-AI Summary

Saul Centers (NYSE: BFS) announced the income tax treatment of its 2025 dividends. Common shareholders received four quarterly dividends totaling $2.36 per common share in 2025, of which 26.3% ($0.62) is ordinary income and 73.7% ($1.74) is return of capital. Preferred shareholders received four dividends totaling $1.53125 per depositary share on 6.125% Series D and $1.50 per depositary share on 6.000% Series E; 100% of preferred dividends are ordinary income. Amounts will be reported on Form 1099-DIV and ordinary portions will be reported as section 199A dividends.

Positive

• Common dividends totaled $2.36 per share in 2025
• 73.7% ($1.74) of common dividends classified as return of capital
• Preferred dividends defined precisely: $1.53125 (Series D) and $1.50 (Series E)

Negative

• 26.3% ($0.62) of common dividends taxed as ordinary income
• Preferred dividends are 100% ordinary income, increasing shareholders' taxable income

News Market Reaction – BFS

-0.88%

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-0.88% News Effect

On the day this news was published, BFS declined 0.88%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BETHESDA, Md., Jan. 21, 2026 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2025 dividends. During 2025, the Company declared and paid four quarterly dividends on its Common Stock totaling $2.36 per common share. For income tax purposes, 26.3% of the dividends ($0.62 per common share) are characterized as ordinary income and 73.7% of the dividends ($1.74 per common share) are characterized as return of capital. The information will be reported to shareholders on Form 1099-DIV and the ordinary income portion will be reported as section 199A dividends.

During 2025, the Company declared and paid the following dividends on its preferred stock:

• Four dividends totaling $1.53125 per depositary share on its 6.125% Series D Preferred Stock; and
  
  
• Four dividends totaling $1.50000 per depositary share on its 6.000% Series E Preferred Stock

For income tax purposes, 100.0% of the Preferred Stock dividends are characterized as ordinary income. The information will be reported to shareholders on Form 1099-DIV and will be reported as section 199A dividends.

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.

More information about Saul Centers, Inc. is available on the Company's website at www.SaulCenters.com.

View original content:https://www.prnewswire.com/news-releases/saul-centers-inc-announces-tax-treatment-of-2025-dividends-302667338.html

SOURCE Saul Centers, Inc.

FAQ

What portion of Saul Centers (BFS) 2025 common dividends is return of capital?

73.7% ($1.74) of 2025 common dividends are characterized as return of capital.

How much of Saul Centers (BFS) 2025 common dividends is ordinary income?

26.3% ($0.62) of 2025 common dividends are characterized as ordinary income.

How will Saul Centers (BFS) report the 2025 dividend tax details to shareholders?

All dividend information will be reported to shareholders on Form 1099-DIV and ordinary portions as section 199A dividends.

What is the tax treatment of Saul Centers (BFS) 2025 preferred dividends for Series D and E?

Preferred dividends for Series D ($1.53125) and Series E ($1.50) are 100% ordinary income for 2025.

How much did Saul Centers (BFS) pay in common dividends in 2025 per share?

Saul Centers paid a total of $2.36 per common share in 2025 across four quarterly dividends.