Saul Centers, Inc. (BFS)

Saul Centers Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	257.4	249.06	240.84	234.52	220.28	223.35
Other Revenue	10.2	8.15	5.02	4.71	4.93	8.17
Total Revenue	267.61	257.21	245.86	239.23	225.21	231.53
Revenue Growth (YoY	5.83%	4.62%	2.77%	6.22%	-2.73%	1.90%
Property Expenses	70.21	67.14	64.52	61.63	58.42	57.93
Selling, General & Administrative	24.9	23.46	22.39	20.25	19.11	20.79
Depreciation & Amortization	48.31	48.43	48.97	50.27	51.13	46.33
Total Operating Expenses	143.42	139.03	135.88	132.15	128.65	125.06
Operating Income	124.19	118.18	109.98	107.07	96.56	106.47
Interest Expense	-49.72	-49.45	-44.01	-45.43	-46.66	-42.52
Interest & Investment Income	0.16	0.3	0.08	0.01	0.14	0.25
EBT Excluding Unusual Items	74.63	69.03	66.04	61.65	50.04	64.2
Gain (Loss) on Sale of Assets	0.18	-	-	-	0.28	-
Other Unusual Items	-	-	-0.65	-	-	-
Pretax Income	74.81	69.03	65.39	61.65	50.32	64.2
Earnings From Continuing Operations	74.81	69.03	65.39	61.65	50.32	64.2
Minority Interest in Earnings	-19.04	-16.34	-15.2	-13.26	-9.93	-12.47
Net Income	55.77	52.69	50.19	48.39	40.38	51.72
Preferred Dividends & Other Adjustments	11.19	11.19	11.19	11.19	11.19	15.47
Net Income to Common	44.57	41.5	39	37.2	29.19	36.25
Net Income Growth	8.61%	4.97%	3.73%	19.83%	-21.93%	2.31%
Basic Shares Outstanding	24	24	24	24	23	23
Diluted Shares Outstanding	24	24	24	24	23	23
Shares Change (YoY)	0.32%	0.34%	1.31%	1.31%	1.32%	2.80%
EPS (Basic)	1.85	1.73	1.63	1.57	1.25	1.58
EPS (Diluted)	1.85	1.73	1.63	1.57	1.25	1.57
EPS Growth	10.72%	6.01%	3.66%	25.63%	-20.40%	-1.88%
Dividend Per Share	2.360	2.360	2.340	2.200	2.120	2.120
Dividend Growth	0%	0.85%	6.36%	3.77%	0%	1.44%
Operating Margin	46.41%	45.95%	44.73%	44.76%	42.87%	45.98%
Profit Margin	16.66%	16.13%	15.86%	15.55%	12.96%	15.66%
Free Cash Flow Margin	46.76%	45.77%	49.28%	49.50%	34.80%	49.84%
EBITDA	168.2	162.41	154.65	152.65	142.48	147
EBITDA Margin	62.85%	63.14%	62.90%	63.81%	63.27%	63.49%
D&A For Ebitda	44.01	44.23	44.67	45.57	45.93	40.53
EBIT	124.19	118.18	109.98	107.07	96.56	106.47
EBIT Margin	46.41%	45.95%	44.73%	44.76%	42.87%	45.98%
Funds From Operations (FFO)	111.74	106.26	103.17	100.73	89.97	95.06
FFO Per Share	3.25	3.12	3.04	3.04	2.88	3.08
Adjusted Funds From Operations (AFFO)	-	106.26	103.17	100.73	89.97	95.06
AFFO Per Share	-	3.12	3.04	3.04	2.88	3.08
FFO Payout Ratio	50.87%	53.38%	53.82%	50.60%	54.89%	51.09%
Revenue as Reported	267.61	257.21	245.86	239.23	225.21	231.53

Source: S&P Capital IQ. Real Estate template. Financial Sources.