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Dec 31, 2021

Saul Centers Q4 2021 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 $60.2 million and net income to $15.9 million for the quarter ended December 31, 2021. Net income available to common stockholders was $9.4 million ($0.40 per diluted share). Same property revenue increased 3.4% and same property operating income increased 5.6%.

Total revenue for the 2021 Quarter increased to $60.2 million from $58.3 million for the quarter ended December 31, 2020.

Net income increased to $15.9 million for the 2021 Quarter from $11.7 million for the 2020 Quarter.

Net income available to common stockholders was $9.4 million ($0.40 per diluted share) for the 2021 Quarter compared to $6.6 million ($0.28 per diluted share) for the 2020 Quarter.

Same property revenue increased 3.4% and same property operating income increased 5.6% for the 2021 Quarter compared to the 2020 Quarter.

Total Revenue
$60.2M
Previous year: $58.3M
+3.4%
EPS
$0.75
Previous year: $0.71
+5.6%
Commercial Portfolio Leased
92%
Previous year: 92.5%
-0.5%
Residential Portfolio Leased
97.1%
Previous year: 85.5%
+13.6%
Gross Profit
$45.2M
Previous year: $42.8M
+5.6%
Cash and Equivalents
$14.6M
Previous year: $26.9M
-45.7%
Free Cash Flow
-$26.6M
Previous year: -$34.6M
-23.2%
Total Assets
$1.75B
Previous year: $1.65B
+6.1%

Saul Centers

Saul Centers

Saul Centers Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income