SAUL CENTERS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Operating Revenue $217.1m $227.3m $227.2m $231.5m $225.2m $239.2m $240.8m $249.1m $261.2m $284.4m
Total Revenue $217.1m $227.2m $227.2m $231.5m $225.2m $239.2m $245.9m $257.2m $268.8m $289.8m
Revenues:
Cost of Revenue $143.9m $55.6m $55.6m $57.9m $58.4m $61.6m $64.5m $67.1m $72.1m $84.5m
Gross Profit $163.4m $171.6m $171.6m $173.6m $166.8m $177.6m $181.3m $190.1m $196.8m $205.4m
Operating Expenses $164.7m
EBIT $107.4m $116.2m $119.2m $117.0m
Operating Income $110.0m $118.2m $121.2m $119.6m
Operating Income (Loss) $55.7m $60.6m $203.8m
Total Operating Income As Reported $61.6m $65.4m
Additional Financial Items
Operating Lease, Lease Income $221.7m $223.4m $220.3m $234.5m $249.1m $261.2m
Interest Income, Operating $272k $248k $140k $7k $295k $159k
Other Income $80k
Other Operating Income $5.5m $8.2m $4.9m $4.7m $8.2m $7.7m
Preferred Stock Dividends, Income Statement Impact $12.4m $12.4m $12.3m $12.2m $11.2m $11.2m ($11.2m) $11.2m $11.2m ($11.2m)
Net Income Common Stockholders $56.7m $60.7m $63.1m $64.2m $50.3m $61.6m $39.0m $41.5m $39.5m $26.3m
Net Income $56.7m $60.7m $63.1m $64.2m $50.3m $61.6m $50.2m $52.7m $50.6m $37.5m
Net Income (Loss) Attributable to Parent $45.3m $48.3m $50.6m $51.7m $40.4m $48.4m $39.0m $52.7m $50.6m $26.3m
Net Income (Loss) Available to Common Stockholders, Basic $32.9m $35.9m $36.0m $36.3m $29.2m $37.2m $39.0m $41.5m $39.5m $26.3m
Net Income (Loss) Attributable to Noncontrolling Interest $11.4m $12.4m $12.5m $12.5m $9.9m $13.3m $15.2m $16.3m $17.1m $11.7m
Earnings Per Share, Basic $1.53 $1.64 $1.61 $1.58 $1.25 $1.57 $1.63 $1.73 $1.64 $1.09
Earnings Per Share, Diluted $1.52 $1.63 $1.60 $1.57 $1.25 $1.57 $1.63 $1.73 $1.63 $1.09
Weighted Average Number of Shares Outstanding, Basic 21.5m 21.9m 22.4m 23.0m 23.4m 23.7m 24.1m 24.1m
Weighted Average Number of Shares Outstanding, Diluted 21.6m 22.0m 22.4m 23.1m 23.4m 23.7m 24.1m 24.1m
General and Administrative Expense $17.5m $18.2m $18.5m $20.8m $19.1m $20.3m $22.4m $23.5m $25.1m $26.9m
Cost of Property Repairs and Maintenance $11.8m $11.6m $11.9m $12.5m $11.1m $13.5m $15.5m $18.8m
Direct Costs of Leased and Rented Property or Equipment $27.5m $28.2m $29.9m $28.9m $32.9m $37.5m $41.7m
Interest Expense $45.0m $42.1m $46.7m $45.4m $42.0m $49.4m $53.9m $67.7m
Interest Expense, Debt $46.9m $49.3m $49.7m $52.0m $51.7m $50.6m $43.9m $66.7m $74.4m $70.5m
Operating Insurance and Claims Costs, Production $360k $288k $408k $400k $428k $398k $563k $449k
Operating Lease, Expense $806k $799k $800k $871k $848k
Real Estate Tax Expense $24.7m $27.4m $28.0m $29.6m $28.7m $29.6m $30.3m