Saul centers inc. (BFS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue
Rental revenue

55,415

55,109

55,487

55,953

56,803

56,041

55,733

54,970

54,990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,528

1,473

1,565

2,188

2,947

2,079

1,177

1,111

1,118

-

-

1,466

5,014

1,486

1,464

1,642

4,398

1,729

1,607

1,480

1,439

1,534

1,222

2,970

3,143

1,205

1,583

1,455

1,232

1,250

1,297

1,435

1,397

1,659

1,285

1,342

1,235

1,132

1,028

Operating Leases, Income Statement, Minimum Lease Revenue

-

-

-

-

-

-

-

-

-

-

45,385

45,575

44,476

44,043

43,151

42,580

42,607

42,517

42,431

41,876

41,479

41,546

41,452

41,038

40,563

40,495

40,110

39,553

39,740

38,915

38,334

38,043

37,485

37,206

34,390

34,193

32,697

31,243

31,805

Expense recoveries

-

-

-

-

-

-

-

-

-

-

-

8,337

8,594

8,289

8,561

7,892

9,558

8,201

8,181

7,797

8,732

7,784

7,734

7,825

8,789

8,024

7,848

7,463

7,614

7,685

7,564

7,441

7,701

7,157

6,994

6,791

7,426

6,938

6,923

Percentage rent

-

-

-

-

-

-

-

-

-

-

67

519

382

363

57

596

363

455

157

558

438

400

187

453

452

422

215

338

600

436

250

453

406

466

209

453

375

238

331

Revenues

56,943

56,582

57,052

58,141

59,750

58,120

56,910

56,081

56,108

55,708

56,228

55,897

58,466

54,150

53,233

52,710

56,926

52,902

52,376

51,711

52,088

51,264

50,595

52,286

52,947

50,146

49,756

48,809

49,186

48,286

47,445

47,372

46,989

46,488

42,878

42,779

41,733

39,551

40,087

Expenses
Property operating expenses

7,036

7,305

7,525

7,115

8,001

7,437

6,910

6,732

7,123

-

-

6,473

6,652

6,787

6,685

6,060

7,995

6,445

6,308

6,196

7,616

6,440

6,316

6,138

7,585

6,463

6,106

6,041

5,949

6,262

5,877

5,918

5,737

6,426

5,829

5,827

6,633

5,199

4,870

Real estate taxes

7,153

6,906

7,114

6,819

7,148

6,816

6,937

6,778

6,845

-

-

6,700

6,590

6,414

6,195

6,137

5,934

5,953

5,933

5,876

5,901

5,723

5,594

5,584

5,453

5,609

5,610

5,433

5,763

5,428

5,535

5,526

5,836

4,554

4,743

4,656

4,482

4,367

4,449

Predevelopment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

-

-

0

0

0

503

268

60

1,233

2,349

-

1,870

-

-

-

-

-

-

-

-

Operating income

-

-

-

-

-

-

-

-

-

-

14,386

14,422

17,374

13,360

12,722

13,250

16,381

14,083

13,238

12,922

12,687

12,314

12,479

14,423

12,713

12,211

11,959

7,711

3,388

8,007

8,164

9,600

9,325

6,268

8,656

8,193

8,319

10,411

10,746

Other revenue

-

-

-

-

-

-

-

-

-

-

9

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees

9,594

9,649

10,325

10,793

11,067

11,202

10,974

11,168

11,424

11,560

11,821

11,900

11,864

11,415

11,524

11,655

11,089

11,177

11,229

11,353

11,406

11,497

11,584

11,486

11,467

11,425

11,738

11,709

11,717

11,934

12,322

12,554

12,734

12,610

11,250

11,170

10,294

8,781

8,887

Depreciation, Depletion and Amortization

11,281

11,148

12,018

11,524

11,643

11,905

11,256

11,351

11,349

11,298

11,363

11,691

11,342

10,939

11,626

10,817

11,035

10,888

11,131

10,811

10,440

10,458

10,256

10,309

10,180

9,814

10,492

12,472

16,352

10,368

10,237

9,749

9,758

9,990

8,512

8,472

8,324

7,031

7,289

General and Administrative Expense

5,050

6,097

4,742

5,140

4,814

5,251

4,141

4,647

4,420

4,998

4,363

4,514

4,301

4,996

4,033

4,407

4,060

4,641

3,802

4,139

3,771

4,421

3,837

4,023

4,680

4,121

3,501

3,925

3,404

3,971

3,272

3,784

3,247

3,854

3,293

3,943

3,166

3,417

3,689

Total expenses

40,114

41,105

41,724

41,391

42,673

42,611

40,218

40,676

41,161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition Costs, Period Cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

-

-

6

57

0

21

211

359

216

163

7

99

0

0

-

0

-

-

21

2,439

0

74

170

-

Change in fair value of derivatives

-

-

0

0

-

-

10

-12

-

72

-1

-1

0

3

1

-3

-7

2

-6

0

-6

-4

1

-5

-2

-114

46

51

10

38

17

-16

-3

42

-217

-1,244

87

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-497

-

-

-

0

-

-

-

-

-

-

-

-4,479

Gains on sale of property

-

-

0

0

-

-

0

509

-

-

0

0

-

-

-

-

-

-

0

11

-

-

0

6,069

-

-

0

0

-

-

1,057

-

-

-

-

-

-

-

-

Gain on casualty settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219

-

-

-

-

198

-

1,700

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,988

9,457

9,584

9,322

-

-

-

-

11,941

6,267

Loss from operations of properties sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

-29

Gain on sales of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,591

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,473

-53

11

-2

-

-

-

-

3,562

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

16,829

15,041

15,328

16,750

17,077

15,508

16,702

15,902

14,947

14,488

14,385

14,421

17,374

14,376

12,723

13,247

16,374

14,085

13,232

12,933

12,681

12,310

12,480

20,487

12,711

12,174

11,508

7,762

3,398

11,461

9,404

9,595

9,320

8,815

6,000

7,147

8,332

15,503

6,238

Noncontrolling Interest [Abstract]
Income (Loss) Attributable to Noncontrolling Interest, before Tax

3,600

2,280

3,102

3,518

3,600

3,194

3,547

3,359

2,400

2,917

2,902

2,911

3,670

2,870

2,484

2,620

3,426

2,835

2,617

2,537

2,474

1,814

2,374

4,433

2,424

2,278

2,110

1,168

-1,586

1,978

1,456

1,516

1,456

1,293

496

749

1,023

2,672

565

Net income attributable to Saul Centers, Inc.

13,264

12,818

12,226

13,232

13,447

12,268

13,155

12,543

12,588

11,560

11,483

11,510

13,704

11,465

10,239

10,627

12,948

11,250

10,615

10,396

10,207

10,496

10,106

16,054

10,287

9,896

9,398

6,594

4,984

9,483

7,948

8,079

7,864

7,522

5,504

6,398

7,309

12,831

5,673

Preferred Stock Dividends, Income Statement Impact

2,798

3,119

3,210

2,953

2,953

2,953

2,953

2,953

3,403

3,094

3,093

3,094

3,094

3,094

3,093

3,094

3,094

3,094

3,093

3,094

3,094

3,742

3,206

3,207

3,206

3,206

3,206

3,207

4,364

3,785

3,785

3,785

3,785

3,785

3,785

3,785

3,785

3,785

3,785

Preferred Stock Redemption Premium

-

-

0

0

-

0

0

0

2,328

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,228

-

0

-

-

-

-

-

-

-

-

Net income available to common stockholders

10,466

6,464

9,016

10,279

10,494

9,315

10,202

9,590

6,857

8,466

8,390

8,416

10,610

8,371

7,146

7,533

9,854

8,156

7,522

7,302

7,113

5,274

6,900

12,847

7,081

6,690

6,192

3,387

-4,608

5,698

4,163

4,294

4,079

3,737

1,719

2,613

3,524

9,046

1,888

Basic:
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

Basic (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

Diluted:
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

Earnings Per Share, Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

Basic and diluted:
Continuing operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.22

0.21

-

-

-

-

0.30

-

Discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-

-

-

-

0.19

-

Basic and diluted (in usd per share)

0.45

-

0.39

0.45

0.46

-

0.45

0.43

0.31

-

0.38

0.38

0.49

-

0.33

0.35

0.46

-

0.36

0.35

0.34

-

0.33

0.62

0.34

-

0.30

0.17

-0.23

-

0.21

0.22

0.21

0.19

0.09

0.14

0.19

0.49

-

Dividends declared per common share outstanding (in usd per share)

-

-

0.53

0.53

-

-

0.52

0.52

0.52

-

0.51

0.51

0.51

-

0.47

0.47

0.47

-

0.43

0.43

0.43

-

0.40

0.40

0.40

-

0.36

0.36

0.36

-

0.36

-

-

-

0.36

0.36

0.36

0.36

0.36

Property expenses
Provision for credit losses

-

-

-

-

-

-

-

-

-

-

-

207

343

287

391

384

432

-366

621

414

246

200

170

107

203

228

191

285

264

390

168

241

352

252

595

518

515

345

157

Operating income

-

-

-

-

-

-

-

-

-

-

-

-

41,092

42,802

40,511

39,460

40,545

38,819

39,138

38,789

39,401

38,950

38,116

37,863

40,234

37,935

37,797

41,098

45,798

40,279

39,281

37,772

37,664

40,220

34,222

34,586

33,414

29,140

29,341