Saul Centers Q2 2021 Earnings Report
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.
Saul Centers
Saul Centers
Saul Centers Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income