Saul Centers, Inc. (FRA:SA4)

Saul Centers Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	277.29	261.18	249.06	240.84	234.52	220.28
Other Revenue	5.33	7.67	8.15	5.02	4.71	4.93
Total Revenue	282.62	268.85	257.21	245.86	239.23	225.21
Revenue Growth (YoY	5.61%	4.53%	4.61%	2.77%	6.22%	-2.73%
Property Expenses	80.24	72.06	67.14	64.52	61.63	58.42
Selling, General & Administrative	26.59	25.07	23.46	22.39	20.25	19.11
Depreciation & Amortization	57.13	50.5	48.43	48.97	50.27	51.13
Total Operating Expenses	163.95	147.63	139.03	135.88	132.15	128.65
Operating Income	118.66	121.22	118.18	109.98	107.07	96.56
Interest Expense	-67.57	-53.86	-49.45	-44.01	-45.43	-46.66
Interest & Investment Income	0.17	0.16	0.3	0.08	0.01	0.14
EBT Excluding Unusual Items	51.26	67.52	69.03	66.04	61.65	50.04
Gain (Loss) on Sale of Assets	0.12	0.18	-	-	-	0.28
Other Unusual Items	-	-	-	-0.65	-	-
Pretax Income	51.38	67.7	69.03	65.39	61.65	50.32
Earnings From Continuing Operations	51.38	67.7	69.03	65.39	61.65	50.32
Minority Interest in Earnings	-12.29	-17.05	-16.34	-15.2	-13.26	-9.93
Net Income	39.1	50.65	52.69	50.19	48.39	40.38
Preferred Dividends & Other Adjustments	11.19	11.19	11.19	11.19	11.19	11.19
Net Income to Common	27.9	39.46	41.5	39	37.2	29.19
Net Income Growth	-29.89%	-3.87%	4.97%	3.73%	19.83%	-21.93%
Basic Shares Outstanding	24	24	24	24	24	23
Diluted Shares Outstanding	24	24	24	24	24	23
Shares Change (YoY)	0.42%	0.37%	0.34%	1.31%	1.31%	1.32%
EPS (Basic)	1.15	1.64	1.73	1.63	1.57	1.25
EPS (Diluted)	1.14	1.63	1.73	1.63	1.57	1.25
EPS Growth	-38.31%	-5.52%	6.01%	3.66%	25.63%	-20.40%
Dividend Per Share	2.360	2.360	2.360	2.340	2.200	2.120
Dividend Growth	-	-	0.85%	6.36%	3.77%	-
Operating Margin	41.99%	45.09%	45.95%	44.73%	44.76%	42.88%
Profit Margin	9.87%	14.68%	16.13%	15.86%	15.55%	12.96%
EBITDA	171.89	167.62	162.41	154.65	152.65	142.48
EBITDA Margin	60.82%	62.35%	63.14%	62.90%	63.81%	63.27%
D&A For Ebitda	53.23	46.4	44.23	44.67	45.57	45.93
EBIT	118.66	121.22	118.18	109.98	107.07	96.56
EBIT Margin	41.99%	45.09%	45.95%	44.73%	44.76%	42.88%
Funds From Operations (FFO)	97.2	106.83	106.26	103.17	100.73	89.97
FFO Per Share	2.79	3.09	3.12	3.04	3.04	2.88
Adjusted Funds From Operations (AFFO)	-	106.83	106.26	103.17	100.73	89.97
AFFO Per Share	-	3.09	3.12	3.04	3.04	2.88
FFO Payout Ratio	58.75%	53.26%	53.38%	53.82%	50.60%	54.89%
Revenue as Reported	282.62	268.85	257.21	245.86	239.23	225.21

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.