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Sep 30, 2023
Saul Centers Q3 2023 Earnings Report
Operating results for the quarter ended September 30, 2023 were announced.
Key Takeaways
Saul Centers, Inc. reported an increase in total revenue and net income for the third quarter of 2023, driven by higher commercial and residential base rent, and lower loss on early extinguishment of debt.
Total revenue increased to $63.8 million from $61.1 million year-over-year.
Net income increased to $16.7 million from $15.5 million year-over-year.
Net income available to common stockholders increased to $10.0 million, or $0.42 per basic and diluted share, from $9.2 million, or $0.38 per basic and diluted share, year-over-year.
As of September 30, 2023, 94.2% of the commercial portfolio was leased, compared to 93.0% as of September 30, 2022.
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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