SAUL CENTERS, INC.BFSEarnings & Financial Report
Saul Centers, Inc. is a self-administered real estate investment trust (REIT) headquartered in the United States. It primarily owns, operates, and develops high-quality shopping centers, mixed-use properties, and multifamily residential assets, with its core portfolio concentrated in the Washington D.C. metropolitan area and other select high-growth U.S. regional markets.
Revenue
$66.9M
Gross Profit
$49.7M
Operating Profit
$50.2M
Net Profit
$14.4M
Gross Margin
74.2%
Operating Margin
75.0%
Net Margin
21.6%
YoY Growth
5.1%
EPS
$0.48
SAUL CENTERS, INC. Q2 FY2024 Financial Summary
SAUL CENTERS, INC. reported revenue of $66.9M (up 5.1% YoY) for Q2 FY2024, with a net profit of $14.4M (up 9.8% YoY) (21.6% margin). Cost of goods sold was $17.3M.
Key Financial Metrics
| Total Revenue | $66.9M |
|---|---|
| Net Profit | $14.4M |
| Gross Margin | 74.2% |
| Operating Margin | 75.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
SAUL CENTERS, INC. Q2 FY2024 revenue of $66.9M breaks down across 2 segments, led by Shopping Centers at $46.8M (69.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Shopping Centers | $46.8M | 69.9% |
| Mixed Use Properties | $20.2M | 30.1% |
SAUL CENTERS, INC. Annual Revenue by Year
SAUL CENTERS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $289.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $289.8M |
| 2024 | $268.8M |
| 2023 | $257.2M |
| 2022 | $245.9M |
SAUL CENTERS, INC. Quarterly Revenue & Net Profit History
SAUL CENTERS, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $75.1M | +10.6% | $6.5M | 8.7% |
| Q3 FY2025 | $72.0M | +7.0% | $10.5M | 14.6% |
| Q2 FY2025 | $70.8M | +5.8% | $10.7M | 15.1% |
| Q1 FY2025 | $71.9M | +7.7% | $9.8M | 13.6% |
| Q4 FY2024 | $67.9M | +1.9% | $8.1M | 11.9% |
| Q3 FY2024 | $67.3M | +5.5% | $14.5M | 21.5% |
| Q2 FY2024 | $66.9M | +5.1% | $14.4M | 21.6% |
| Q1 FY2024 | $66.7M | +5.8% | $13.6M | 20.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.7M | $66.9M | $67.3M | $67.9M | $71.9M | $70.8M | $72.0M | $75.1M |
| YoY Growth | 5.8% | 5.1% | 5.5% | 1.9% | 7.7% | 5.8% | 7.0% | 10.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.03B | $2.07B | $2.11B | $2.13B | $2.13B | $2.14B | $2.17B | $2.16B |
| Liabilities | $1.52B | $1.56B | $1.60B | $1.63B | $1.64B | $1.65B | $1.68B | $1.69B |
| Equity | $347.1M | $345.7M | $341.8M | $335.8M | $328.4M | $322.4M | $316.6M | $307.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $33.8M | $32.1M | $26.5M | $121.2M | $30.4M | $26.6M | $20.6M | $99.8M |