Saul Centers Q1 2024 Earnings Report
Key Takeaways
Saul Centers, Inc. reported an increase in total revenue to $66.7 million and net income to $18.3 million for the first quarter of 2024, driven by higher commercial and residential base rent.
Total revenue increased to $66.7 million from $63.0 million compared to the same quarter last year.
Net income increased to $18.3 million from $17.7 million compared to the same quarter last year.
Net income available to common stockholders increased to $10.8 million, or $0.45 per basic and diluted share, from $10.7 million, or $0.45 per basic and diluted share, compared to the same quarter last year.
FFO available to common stockholders and noncontrolling interests increased to $27.5 million, or $0.80 per basic and diluted share, compared to $26.9 million, or $0.81 and $0.79 per basic and diluted share, respectively, compared to the same quarter last year.
Saul Centers
Saul Centers
Saul Centers Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income