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Dec 31, 2019

Saul Centers Q4 2019 Earnings Report

Operating results for the quarter ended December 31, 2019 were announced.

Key Takeaways

Saul Centers, Inc. reported a decrease in total revenue to $56.6 million, a decrease in net income to $15.0 million, and a decrease in net income available to common stockholders to $6.5 million ($0.27 per diluted share) for the quarter ended December 31, 2019.

Total revenue for the 2019 Quarter decreased to $56.6 million from $58.1 million for the quarter ended December 31, 2018.

Net income decreased to $15.0 million for the 2019 Quarter from $15.5 million for the 2018 Quarter.

Net income available to common stockholders was $6.5 million ($0.27 per diluted share) for the 2019 Quarter compared to $9.3 million ($0.41 per diluted share) for the 2018 Quarter.

Same property revenue decreased 1.2% and same property operating income decreased 2.0% for the 2019 Quarter compared to the 2018 Quarter.

Total Revenue
$56.6M
Previous year: $58.3M
-3.0%
EPS
$0.27
Previous year: $0.8
-66.3%
Commercial Portfolio Leased
95%
Previous year: 95.5%
-0.5%
Same Property Leased
95.1%
Previous year: 95.7%
-0.6%
Residential Portfolio Leased
96.3%
Previous year: 98.3%
-2.0%
Gross Profit
$42.4M
Previous year: $44M
-3.7%
Cash and Equivalents
$13.9M
Previous year: $14.6M
-4.6%
Free Cash Flow
-$102M
Previous year: -$93.2M
+9.9%
Total Assets
$1.62B
Previous year: $1.53B
+5.9%

Saul Centers

Saul Centers

Saul Centers Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income