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Side-by-side financial comparison of SAUL CENTERS, INC. (BFS) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $75.1M, roughly 1.8× SAUL CENTERS, INC.). Urban Edge Properties runs the higher net margin — 17.1% vs 8.7%, a 8.4% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 10.6%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs 6.2%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
BFS vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $132.6M |
| Net Profit | $6.5M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 65.4% | — |
| Net Margin | 8.7% | 17.1% |
| Revenue YoY | 10.6% | 12.2% |
| Net Profit YoY | -19.6% | -6.7% |
| EPS (diluted) | $0.15 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $132.6M | ||
| Q4 25 | $75.1M | $119.6M | ||
| Q3 25 | $72.0M | $120.1M | ||
| Q2 25 | $70.8M | $114.1M | ||
| Q1 25 | $71.9M | $118.2M | ||
| Q4 24 | $67.9M | $116.4M | ||
| Q3 24 | $67.3M | $112.4M | ||
| Q2 24 | $66.9M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $6.5M | $12.4M | ||
| Q3 25 | $10.5M | $14.9M | ||
| Q2 25 | $10.7M | $58.0M | ||
| Q1 25 | $9.8M | $8.2M | ||
| Q4 24 | $8.1M | $30.1M | ||
| Q3 24 | $14.5M | $9.1M | ||
| Q2 24 | $14.4M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 73.6% | — | ||
| Q2 24 | 74.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 65.4% | 11.3% | ||
| Q3 25 | 69.1% | 13.4% | ||
| Q2 25 | 68.7% | 53.9% | ||
| Q1 25 | 66.5% | 7.6% | ||
| Q4 24 | 82.9% | 27.6% | ||
| Q3 24 | 72.8% | 8.9% | ||
| Q2 24 | 75.0% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 8.7% | 10.4% | ||
| Q3 25 | 14.6% | 12.4% | ||
| Q2 25 | 15.1% | 50.8% | ||
| Q1 25 | 13.6% | 6.9% | ||
| Q4 24 | 11.9% | 25.9% | ||
| Q3 24 | 21.5% | 8.1% | ||
| Q2 24 | 21.6% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.15 | $0.09 | ||
| Q3 25 | $0.32 | $0.12 | ||
| Q2 25 | $0.33 | $0.46 | ||
| Q1 25 | $0.29 | $0.07 | ||
| Q4 24 | $0.22 | $0.25 | ||
| Q3 24 | $0.48 | $0.07 | ||
| Q2 24 | $0.48 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.7M | $50.0M |
| Total DebtLower is stronger | $468.4M | — |
| Stockholders' EquityBook value | $307.8M | $1.4B |
| Total Assets | $2.2B | $3.4B |
| Debt / EquityLower = less leverage | 1.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $8.7M | $48.9M | ||
| Q3 25 | $11.8M | $77.8M | ||
| Q2 25 | $5.3M | $53.0M | ||
| Q1 25 | $6.5M | $48.0M | ||
| Q4 24 | $10.3M | $41.4M | ||
| Q3 24 | $7.2M | $67.9M | ||
| Q2 24 | $6.9M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $468.4M | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $455.8M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $307.8M | $1.4B | ||
| Q3 25 | $316.6M | $1.4B | ||
| Q2 25 | $322.4M | $1.4B | ||
| Q1 25 | $328.4M | $1.4B | ||
| Q4 24 | $335.8M | $1.4B | ||
| Q3 24 | $341.8M | $1.3B | ||
| Q2 24 | $345.7M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.2B | $3.3B | ||
| Q3 25 | $2.2B | $3.3B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $2.1B | $3.3B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.1B | $3.2B | ||
| Q2 24 | $2.1B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | — | ||
| Q3 25 | 5.02× | — | ||
| Q2 25 | 4.85× | — | ||
| Q1 25 | 4.70× | — | ||
| Q4 24 | 1.36× | — | ||
| Q3 24 | 4.37× | — | ||
| Q2 24 | 4.17× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $99.8M | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 15.35× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $99.8M | $182.7M | ||
| Q3 25 | $20.6M | $55.7M | ||
| Q2 25 | $26.6M | $43.5M | ||
| Q1 25 | $30.4M | $32.6M | ||
| Q4 24 | $121.2M | $153.2M | ||
| Q3 24 | $26.5M | $36.6M | ||
| Q2 24 | $32.1M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | $-28.3M | $12.2M | ||
| Q2 24 | $-12.5M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | -42.1% | 10.8% | ||
| Q2 24 | -18.7% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | 81.5% | 21.7% | ||
| Q2 24 | 66.7% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | 15.35× | 14.71× | ||
| Q3 25 | 1.97× | 3.73× | ||
| Q2 25 | 2.48× | 0.75× | ||
| Q1 25 | 3.10× | 3.97× | ||
| Q4 24 | 14.98× | 5.09× | ||
| Q3 24 | 1.83× | 4.03× | ||
| Q2 24 | 2.22× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFS
Segment breakdown not available.
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
