Saul Centers, Inc. Reports Fourth Quarter 2024 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 28 2025
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Source: Newsfilter
Financial Performance Overview: Saul Centers, Inc. reported a total revenue increase to $67.9 million for the quarter ending December 31, 2024, compared to $66.7 million in the same quarter of 2023; however, net income decreased significantly from $17.5 million to $10.4 million due to initial operational costs associated with the new Twinbrook Quarter Phase 1 property.
Operational Metrics: The company's commercial portfolio was 95.2% leased as of December 31, 2024, up from 94.1% the previous year, while residential leasing also improved slightly to 98.3%. Despite these occupancy gains, overall net income available to common stockholders fell to $5.3 million, or $0.22 per share, down from $10.4 million, or $0.43 per share, in the prior year.
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About BFS
Saul Centers, Inc. is a self-managed, self-administered equity real estate investment trust (REIT). The Company, which conducts all of its activities through its subsidiaries, the Operating Partnership and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties, primarily in the Washington, DC/Baltimore metropolitan area. The Company operates through two business segments: Shopping Centers and Mixed-Use Properties. The Company operates and manages a real estate portfolio comprised of approximately 62 properties, which includes 58 community and neighborhood shopping centers and mixed-use properties with approximately 10.2 million square feet of leasable area, and four land and development properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
WD-40 and Others Announce Quarterly Dividends
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Saul Centers Reports Q4 2025 Financial Results
- Revenue Growth: Total revenue for Q4 2025 reached $75.1 million, an 18.1% increase from $67.9 million in Q4 2024, indicating the company's sustained growth potential in the market despite an overall decline in net income.
- Net Income Decline: Net income for Q4 2025 was $8.2 million, down 21.4% from $10.4 million in Q4 2024, primarily impacted by the initial operations of Hampden House, which led to a $2.8 million reduction in capitalized interest, reflecting initial cost pressures from new projects.
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- Same Property Revenue Changes: Same property revenue decreased by $3.6 million (4.7%) in Q4 2025, mainly due to an $8.7 million one-time rental payment received in Q4 2024, although excluding this payment, same property revenue increased by $5.1 million (6.8%), demonstrating the stability of core assets.
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SAUL CENTERS REPORTS ANNUAL NET INCOME OF USD 49.219 MILLION
- Financial Overview: The Saul Centers reported a net income of $49.21 million.
- Performance Metrics: The financial results indicate a strong performance in the current fiscal period.
See More
SAUL CENTERS REPORTS ANNUAL PROPERTY OPERATING EXPENSES OF USD 52.034 MILLION
Financial Overview: The total operating expenses for the property at Saul Center amount to USD 52.034 million.
Property Management: The report highlights the financial management and operational costs associated with the property.
See More
SAUL CENTERS REPORTS ANNUAL RENTAL REVENUE OF USD 284.365 MILLION
- Financial Performance: The Saul Centers reported a rental revenue of USD 284.365 million.
- Revenue Insights: This figure reflects the company's performance in the rental market, indicating a strong financial position.
See More
SAUL CENTERS, INC. ANNOUNCES EARNINGS FOR FOURTH QUARTER AND FULL YEAR 2025
Fourth Quarter Earnings: Saul Centers, Inc. has reported its earnings for the fourth quarter of 2025, detailing financial performance and operational highlights.
Full Year Performance: The company also provided a comprehensive overview of its financial results for the entire year of 2025, showcasing growth and strategic initiatives.
See More
WD-40 and Others Announce Quarterly Dividends
- WD-40 Dividend Announcement: WD-40's board declared a quarterly dividend of $1.02 per share on March 16, 2026, payable on April 30, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Pegasystems Maintains Dividend: Pegasystems announced a quarterly cash dividend of $0.03 per share, maintaining its current dividend program, with payment scheduled for April 15, 2026, indicating the company's focus on stable cash flow and shareholder returns.
- ServisFirst Bancshares Dividend: ServisFirst Bancshares declared a quarterly cash dividend of $0.38 per share, payable on April 13, 2026, demonstrating the company's commitment to returning value to shareholders amid steady operations.
- Saul Centers Dividend Unchanged: Saul Centers declared a quarterly dividend of $0.59 per share, to be paid on April 30, 2026, indicating the company's strategy to maintain stable shareholder returns in the current economic climate.
See More
Saul Centers Reports Q4 2025 Financial Results
- Revenue Growth: Total revenue for Q4 2025 reached $75.1 million, an 18.1% increase from $67.9 million in Q4 2024, indicating the company's sustained growth potential in the market despite an overall decline in net income.
- Net Income Decline: Net income for Q4 2025 was $8.2 million, down 21.4% from $10.4 million in Q4 2024, primarily impacted by the initial operations of Hampden House, which led to a $2.8 million reduction in capitalized interest, reflecting initial cost pressures from new projects.
- Leasing Improvement: As of February 23, 2026, 130 of the 366 residential units at Hampden House (35.5%) were leased, indicating increasing market acceptance of the new development, which may contribute to future revenue recovery.
- Same Property Revenue Changes: Same property revenue decreased by $3.6 million (4.7%) in Q4 2025, mainly due to an $8.7 million one-time rental payment received in Q4 2024, although excluding this payment, same property revenue increased by $5.1 million (6.8%), demonstrating the stability of core assets.
See More
SAUL CENTERS REPORTS ANNUAL NET INCOME OF USD 49.219 MILLION
- Financial Overview: The Saul Centers reported a net income of $49.21 million.
- Performance Metrics: The financial results indicate a strong performance in the current fiscal period.
See More
SAUL CENTERS REPORTS ANNUAL PROPERTY OPERATING EXPENSES OF USD 52.034 MILLION
Financial Overview: The total operating expenses for the property at Saul Center amount to USD 52.034 million.
Property Management: The report highlights the financial management and operational costs associated with the property.
See More
SAUL CENTERS REPORTS ANNUAL RENTAL REVENUE OF USD 284.365 MILLION
- Financial Performance: The Saul Centers reported a rental revenue of USD 284.365 million.
- Revenue Insights: This figure reflects the company's performance in the rental market, indicating a strong financial position.
See More
SAUL CENTERS, INC. ANNOUNCES EARNINGS FOR FOURTH QUARTER AND FULL YEAR 2025
Fourth Quarter Earnings: Saul Centers, Inc. has reported its earnings for the fourth quarter of 2025, detailing financial performance and operational highlights.
Full Year Performance: The company also provided a comprehensive overview of its financial results for the entire year of 2025, showcasing growth and strategic initiatives.
See More
