Saul Centers Q4 2022 Earnings Report
Key Takeaways
Saul Centers, Inc. reported an increase in total revenue to $62.3 million, while net income decreased to $15.4 million for the quarter ended December 31, 2022. Same property revenue increased by 3.5%, and same property operating income increased by 1.1% compared to the same quarter in the previous year. The commercial portfolio was 93.2% leased, and the residential portfolio was 97.2% leased as of December 31, 2022.
Total revenue increased to $62.3 million from $60.2 million in the 2021 quarter.
Net income decreased to $15.4 million compared to $15.9 million in the 2021 quarter.
Net income available to common stockholders was $9.1 million ($0.38 per basic and diluted share) compared to $9.4 million ($0.40 per basic and diluted share) for the 2021 Quarter.
Funds From Operations available to common stockholders and noncontrolling interests decreased to $24.7 million ($0.74 and $0.72 per basic and diluted share, respectively) from $25.5 million ($0.78 and $0.75 per basic and diluted share, respectively) in the 2021 Quarter.
Saul Centers
Saul Centers
Saul Centers Revenue by Segment
Forward Guidance
The company provided forward-looking statements regarding potential risks and uncertainties described in their Annual Report on Form 10-K.
Revenue & Expenses
Visualization of income flow from segment revenue to net income