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Jun 30, 2021
Saul Centers Q2 2021 Earnings Report
Reported an increase in revenue and net income compared to the same quarter last year, driven by growth in occupancy and lower credit losses.
Key Takeaways
Saul Centers, Inc. reported a strong second quarter with increased total revenue and net income. The Waycroft mixed-use development's increased occupancy significantly contributed to the favorable results. Same property revenue and operating income also saw increases compared to the previous year.
Total revenue increased to $60.0 million from $53.2 million year-over-year.
Net income increased to $16.1 million from $10.2 million year-over-year.
Net income available to common stockholders increased to $9.9 million ($0.42 per diluted share) from $5.5 million ($0.24 per diluted share) year-over-year.
Same property revenue increased by $6.8 million (12.7%) compared to the same period last year.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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