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Jun 30, 2022

Saul Centers Q2 2022 Earnings Report

Reported increased revenue and net income compared to the same quarter last year.

Key Takeaways

Saul Centers, Inc. reported an increase in total revenue to $60.3 million and net income to $17.0 million for the second quarter of 2022, compared to $60.0 million and $16.1 million, respectively, for the same quarter in 2021. Net income available to common stockholders increased to $10.2 million ($0.43 per diluted share) compared to $9.9 million ($0.42 per diluted share) for the 2021 Quarter.

Total revenue increased to $60.3 million from $60.0 million year-over-year.

Net income increased to $17.0 million from $16.1 million year-over-year.

Net income available to common stockholders increased to $10.2 million ($0.43 per diluted share) from $9.9 million ($0.42 per diluted share) year-over-year.

Same property revenue increased 0.5% and same property operating income increased 0.3% year-over-year.

Total Revenue
$60.3M
Previous year: $60M
+0.5%
EPS
$0.78
Previous year: $0.79
-1.3%
Commercial Portfolio Leased
92.6%
Previous year: 92.5%
+0.1%
Residential Portfolio Leased
98.1%
Previous year: 98.4%
-0.3%
Gross Profit
$45.5M
Previous year: $45.3M
+0.3%
Cash and Equivalents
$11.2M
Previous year: $14.9M
-24.8%
Total Assets
$1.78B
Previous year: $1.74B
+2.6%

Saul Centers

Saul Centers

Saul Centers Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income