Saul Centers, Inc. (BFS)

Saul Centers Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	48.41	49.22	67.7	69.03	65.39	61.65
Depreciation & Amortization	60.18	58.78	50.5	48.43	48.97	50.27
Stock-Based Compensation	2.1	1.98	1.72	1.42	1.52	1.56
Other Adjustments	4.64	4.56	3.03	2.78	2.55	2.52
Change in Receivables	-12.17	-11.57	4.22	-0.24	2.42	5.45
Changes in Other Operating Activities	-4.39	-3.18	-5.96	-3.69	0.3	-3.02
Operating Cash Flow	98.71	99.8	121.22	117.73	121.15	118.43
Operating Cash Flow Growth	-16.19%	-17.68%	2.97%	-2.83%	2.30%	51.12%
Capital Expenditures	-78.41	-95.9	-188.94	-203.68	-116.89	-55.92
Sale of Property, Plant & Equipment	0.06	0.12	0.18	-	-	-
Investing Cash Flow	-78.34	-95.81	-188.73	-203.68	-116.89	-55.92
Short-Term Debt Issued	118.5	119.5	123	160	155	46
Short-Term Debt Repaid	-172.5	-157.5	-212	-48	-97	-44.5
Net Short-Term Debt Issued (Repaid)	-54	-38	-89	112	58	1.5
Long-Term Debt Issued	116.97	156.79	341	97.94	199.75	35.92
Long-Term Debt Repaid	-46.17	-45.67	-105.59	-42.33	-174.1	-42.64
Net Long-Term Debt Issued (Repaid)	70.81	111.13	235.4	55.6	25.65	-6.72
Issuance of Common Stock	26.7	21.84	18.87	3.74	9.5	16.82
Net Common Stock Issued (Repurchased)	26.7	21.84	18.87	3.74	9.5	16.82
Common Dividends Paid	-82.71	-82.28	-81.23	-78.67	-77.07	-68.78
Preferred Share Dividends Paid	-11.19	-11.19	-11.19	-11.19	-11.19	-11.19
Other Financing Activities	-7.13	-7.04	-3.45	-0.4	-10.46	-6.39
Financing Cash Flow	-17.54	-5.54	69.4	81.08	-5.58	-74.77
Net Cash Flow	2.83	-1.56	1.89	-4.87	-1.32	-12.26
Free Cash Flow	20.3	3.89	-67.72	-85.95	4.26	62.51
Free Cash Flow Growth	421.33%	-	-	-	-93.18%	186.23%
FCF Margin	6.85%	1.34%	-25.19%	-33.42%	1.73%	26.13%
Free Cash Flow Per Share	0.75	0.16	-2.81	-3.57	0.18	2.64
Levered Free Cash Flow	19.81	59.15	41.46	50.16	55.04	23.3
Unlevered Free Cash Flow	99.12	79.35	-23.18	-40.76	42.36	98.4

Updated May 7, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q