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SAUL CENTERS (BFS)

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Earnings summaries and quarterly performance for SAUL CENTERS.

Research analysts covering SAUL CENTERS.

Recent press releases and 8-K filings for BFS.

Saul Centers, Inc. Reports Q3 2025 Earnings with Revenue Growth but Declining Net Income and FFO
BFS
Earnings
New Projects/Investments
  • Saul Centers, Inc. reported total revenue of $72.0 million for the quarter ended September 30, 2025, an increase from $67.3 million for the same period in 2024.
  • Net income decreased to $14.0 million for Q3 2025 from $19.6 million in Q3 2024, with net income available to common stockholders at $0.32 per basic and diluted share, down from $0.48 per share.
  • Funds from operations (FFO) available to common stockholders and noncontrolling interests declined to $25.3 million, or $0.72 per basic and diluted share, in Q3 2025, compared to $28.9 million, or $0.84 per share, in Q3 2024.
  • These decreases were significantly impacted by the initial operations of Twinbrook Quarter Phase I, which adversely affected net income by $4.7 million and FFO by $2.5 million for the quarter.
  • As of November 3, 2025, 431 of the 452 (95.4%) residential units at Twinbrook Quarter Phase I were leased and occupied.
Nov 6, 2025, 9:25 PM
Saul Centers Reports Third Quarter 2025 Earnings
BFS
Earnings
New Projects/Investments
Demand Weakening
  • Saul Centers, Inc. reported total revenue of $72.0 million for the quarter ended September 30, 2025, an increase from $67.3 million in the prior year quarter, and $214.7 million for the nine months ended September 30, 2025, up from $200.9 million in the prior year period.
  • Net income decreased to $14.0 million for Q3 2025 from $19.6 million in Q3 2024, with net income available to common stockholders at $7.7 million, or $0.32 per basic and diluted share. For the nine months, net income was $41.0 million, or $0.93 per basic and diluted share. The initial operations of Twinbrook Quarter Phase I adversely impacted Q3 net income by $4.7 million and nine-month net income by $16.4 million.
  • Funds from operations (FFO) available to common stockholders and noncontrolling interests decreased to $25.3 million, or $0.72 per basic and diluted share, in Q3 2025, and to $75.2 million, or $2.16 per basic and diluted share, for the nine months ended September 30, 2025.
  • Same property revenue decreased 0.3% and same property net operating income decreased 2.0% for Q3 2025 compared to Q3 2024.
  • As of September 30, 2025, the commercial portfolio was 94.5% leased (compared to 95.7% in Q3 2024), and the residential portfolio (excluding The Milton at Twinbrook Quarter) was 98.5% leased (compared to 98.8% in Q3 2024).
Nov 6, 2025, 9:11 PM