Saul Centers Q3 2021 Earnings Report
Key Takeaways
Saul Centers, Inc. reported increased total revenue and net income for the quarter ended September 30, 2021. Total revenue increased to $60.3 million from $56.8 million, and net income increased to $16.9 million from $11.6 million compared to the same quarter in 2020.
Total revenue for the 2021 Quarter increased to $60.3 million from $56.8 million for the quarter ended September 30, 2020.
Net income increased to $16.9 million for the 2021 Quarter from $11.6 million for the 2020 Quarter.
Net income available to common stockholders increased to $10.3 million ($0.44 per diluted share) for the 2021 Quarter from $6.6 million ($0.28 per diluted share) for the 2020 Quarter.
As of October 31, 2021, payments by tenants of contractual base rent and operating expense and real estate tax recoveries totaled approximately 98% for the 2021 Quarter.
Saul Centers
Saul Centers
Saul Centers Revenue by Segment
Forward Guidance
The Company believes that it has sufficient liquidity and flexibility to meet the needs of the Company's operations as the effects of the COVID-19 pandemic continue to evolve.
Revenue & Expenses
Visualization of income flow from segment revenue to net income