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Mar 31, 2023
Saul Centers Q1 2023 Earnings Report
Reported an increase in revenue and net income compared to the same quarter last year.
Key Takeaways
Saul Centers, Inc. reported an increase in total revenue to $63.0 million and net income to $17.7 million for the first quarter of 2023. The company's commercial portfolio was 93.9% leased, and the residential portfolio was 98.2% leased as of March 31, 2023.
Total revenue increased to $63.0 million from $62.1 million year-over-year.
Net income increased to $17.7 million from $17.5 million year-over-year.
Net income available to common stockholders increased to $10.7 million, or $0.45 per basic and diluted share.
FFO available to common stockholders and noncontrolling interests was $26.9 million, or $0.81 per basic share.
Saul Centers
Saul Centers
Saul Centers Revenue by Segment
Revenue by Segment
Shopping Centers Revenue
CapyFin.comMixed-Use properties Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income