Saul Centers Q2 2020 Earnings Report
Key Takeaways
Saul Centers, Inc. reported a decrease in total revenue and net income for the quarter ended June 30, 2020. Total revenue decreased to $53.2 million from $58.1 million, and net income decreased to $10.2 million from $16.8 million. The company was impacted by the initial operations of The Waycroft and higher credit losses on operating lease receivables and corresponding reserves.
Total revenue decreased to $53.2 million from $58.1 million.
Net income decreased to $10.2 million from $16.8 million.
Net income was adversely impacted by $4.6 million due to the initial operations of The Waycroft.
Same property revenue decreased $5.3 million (9.1%) and same property operating income decreased $4.4 million (9.9%).
Saul Centers
Saul Centers
Saul Centers Revenue by Segment
Forward Guidance
Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws.
Revenue & Expenses
Visualization of income flow from segment revenue to net income