Saul Centers, Inc. | REIT Profile

Symbol: BFS
CIK: 907254
Exchange: NYSE
Founded: 1993 (28 years)
HQ: Bethesda, MD, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail
Internally Managed REIT

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See BFS on SEC.gov

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Overall Score: 7.3

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 30, 2021


Open Price: $49.67
Closing Price: $49.23
Price Change: -1.08 (-2.147%)
Lowest Price: $48.89
Highest Price: $50.55

52-Week Low: $28.58
52-Week High: $54.46
52-Week Change: 70.13%

5 Day Price Change: -5.89%
1 Month Price Change: 8.43%
3 Month Price Change: 9.99%
6 Month Price Change: 15.93%
YTD Price Change: 67.55%
1 Year Price Change: 66.29%
2 Year Price Change: 6.21%
5 Year Price Change: -2.97%

Dividend of Trading Day November 30, 2021


Dividend Yield: 4.469%*
Annualized Dividend: $2.2*
Dividend Yield (TTM): 4.218%
Annualized Dividend (TTM): $2.1218
Ex-Dividend Date: 2021-10-14
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $11,917,000
Current Debt: $73,958,000
Revenue: $237,268,000
Gross Profit: $237,268,000
Total Revenue: $237,268,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $155,648,000
Revenue Per Share: $10
Revenue Per Employee: N/A
Employee: 115
Debt to Equity Ratio (D/E): 3.93
Profit Margin: 0.14%
Enterprise Value (EV): $2,324,660,000
Enterprise Value to Revenue (EV/R): 9.80
Price to Sales (P/S): 5.06
Price to Book (P/B): 4.66
Price/Earnings-to-Growth (PEG) Ratio: 2.05
P/E Ratio: 33.72
P/E High: 36.71
P/E Low: 19.98
Forward P/E Ratio: N/A
Market Capitalization: $1,166,751,000
Beta: 1.08
Latest Volume: 54,199
Avg. Total Volume: 28,237
Avg. 10-Day Volume: 31,057
Avg. 30-Day Volume: 28,237
TTM EPS: 1.46
Shares Outstanding: 23,700,000
Float: N/A
50-Day Moving Avg.: $49.25
200-Day Moving Avg.: $45.59

Latest REIT Community Comments on #BFS


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Properties Owned by BFS


Properties Based on REIT's Official Presentation

Properties Types States Countries
60 2 9 1

Please visit REIT’s official webpage for the most up-to-date property list.

BFS Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $50.89 per share you would have been able to buy 19 shares of BFS on 2020-12-01 costing $966.91 @ $50.89 per share you would have been able to buy 9 shares of BFS on 2020-12-01 costing $458.01 @ $50.89 per share you would have been able to buy 4 shares of BFS on 2020-12-01 costing $203.56 @ $50.89 per share you would have been able to buy 1 shares of BFS on 2020-12-01 costing $50.89 @ $50.89 per share you would have been able to buy 0 shares of BFS on 2020-12-01 costing $0.00
Current worth On 2021-11-30 these 19 shares would be worth $935.37 @ $49.23 On 2021-11-30 these 9 shares would be worth $443.07 @ $49.23 On 2021-11-30 these 4 shares would be worth $196.92 @ $49.23 On 2021-11-30 these 1 shares would be worth $49.23 @ $49.23 On 2021-11-30 these 0 shares would be worth $0.00 @ $49.23
Dividends earned $41.04 in dividends would have been earned since 2020-12-01 with 19 shares. $19 in dividends would have been earned since 2020-12-01 with 9 shares. $8.64 in dividends would have been earned since 2020-12-01 with 4 shares. $2.16 in dividends would have been earned since 2020-12-01 with 1 shares. $0.00 in dividends would have been earned since 2020-12-01 with 9 shares.
Net (gain / loss)* 9.50 USD 4.50 USD 2.00 USD 0.50 USD 0.00 USD
ROI** 0.98% 0.98% 0.98% 0.98% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by BFS. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
BFS 2021-10-14 0.550 --- 2021-09-23 2021-10-15 2021-10-29
BFS 2021-07-15 0.550 3.77% 2021-06-25 2021-07-16 2021-07-30
BFS 2021-04-14 0.530 --- 2021-03-11 2021-04-15 2021-04-30
BFS 2021-01-14 0.530 --- 2020-12-10 2021-01-15 2021-01-29
BFS 2020-10-15 0.530 --- 2020-09-17 2020-10-16 2020-10-30
BFS 2020-07-16 0.530 --- 2020-06-19 2020-07-17 2020-07-31
BFS 2020-04-15 0.530 --- 2020-03-12 2020-04-16 2020-04-30
BFS 2020-01-16 0.530 --- 2019-12-05 2020-01-17 2020-01-31
BFS 2019-10-16 0.530 --- 2019-09-19 2019-10-17 2019-10-31
BFS 2019-07-16 0.530 --- 2019-06-27 2019-07-17 2019-07-31
BFS 2019-04-15 0.530 --- 2019-03-14 2019-04-16 2019-04-30
BFS 2019-01-16 0.530 1.92% 2018-12-06 2019-01-17 2019-01-31
BFS 2018-10-16 0.520 --- 2018-09-20 2018-10-17 2018-10-31
BFS 2018-07-16 0.520 --- 2018-06-21 2018-07-17 2018-07-31
BFS 2018-04-13 0.520 --- 2018-03-15 2018-04-16 2018-04-30
BFS 2018-01-16 0.520 1.96% 2017-12-08 2018-01-17 2018-01-31
BFS 2017-10-16 0.510 --- 2017-09-21 2017-10-17 2017-10-31
BFS 2017-07-13 0.510 --- 2017-06-22 2017-07-17 2017-07-31
BFS 2017-04-12 0.510 --- 2017-03-17 2017-04-14 2017-04-28
BFS 2017-01-12 0.510 8.51% 2016-12-09 2017-01-17 2017-01-31

Financial Statements Overview


The next Earnings Report for BFS is 2022-02-24

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 14,857,000 14,554,000 26,856,000 54,305,000
Receivables 59,743,000 62,645,000 64,917,000 65,701,000
Inventory 0 0 0 0
Current Assets 74,600,000 77,199,000 97,416,000 128,393,000
Current Assets (Other) 0 0 5,643,000 8,387,000
Short Term Investments 0 0 5,643,000 8,387,000
Long-term Investments 1,662,380,000 1,657,057,000 1,548,156,000 1,552,981,000
Property, Plant & Equipment Net 1,628,244,000 1,602,520,000 1,517,090,000 1,521,696,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 34,136,000 54,537,000 31,066,000 31,285,000
Net Tangible Assets 257,271,000 256,764,000 179,325,000 182,018,000
Total Assets 1,736,980,000 1,734,256,000 1,645,572,000 1,681,374,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 74,968,000 71,786,000 67,125,000 73,974,000
Total Current Liabilities 74,968,000 91,211,000 67,125,000 73,974,000
Current Long-term Debt 0 19,425,000 0 0
Long-term Debt 1,132,559,000 1,139,183,000 1,150,914,000 1,175,783,000
Total Liabilities 1,294,709,000 1,292,492,000 1,281,247,000 1,314,356,000
Minority Interest 87,182,000 62,098,000 63,208,000 64,599,000
Common Stock 23,624,000 23,542,000 23,438,000 417,738,000
Retained Earnings -249,612,000 -246,559,000 -241,535,000 -235,720,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 442,271,000 441,764,000 364,325,000 367,018,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 60,004,000 58,724,000 58,284,000 56,760,000
Cost of Revenue 0 0 0 0
Gross Profit 60,004,000 58,724,000 58,284,000 56,760,000
Research and Development 0 0 0 0
Selling General and Admin 4,929,000 4,678,000 5,318,000 4,107,000
Operating Expense 32,228,000 33,941,000 34,378,000 32,759,000
Operating Income 27,776,000 24,783,000 23,906,000 24,001,000
Income Expense Net (Other) 0 0 0 0
EBIT 27,776,000 24,783,000 23,906,000 24,001,000
Interest Income 11,657,000 11,988,000 12,508,000 12,398,000
Pretax Income 16,119,000 12,795,000 11,676,000 11,603,000
Income Tax 0 0 0 0
Minority Interest 3,373,000 2,533,000 2,253,000 2,236,000
Net Income 9,947,000 7,464,000 6,623,000 6,569,000
Net Income Basic 9,947,000 7,464,000 6,623,000 6,569,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income 9,947,000 7,464,000 6,623,000 6,569,000
Depreciation 12,637,000 12,748,000 51,126,000 37,593,000
Changes in Receivables 59,743,000 62,645,000 64,917,000 7,775,000
Changes in Inventories 0 0 0 0
Cash Change 14,857,000 14,554,000 26,856,000 -12,152,000
Cash Flow 31,839,000 34,778,000 21,613,000 56,770,000
Capital Expenditures -7,950,000 -10,519,000 -56,544,000 -48,363,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -8,562,000 -18,918,000 -7,805,000 -48,363,000
Dividends Paid 0 0 0 0
Net Borrowings 1,117,702,000 1,144,054,000 1,118,415,000 1,113,091,000
Cash Flow Financing 22,974,000 28,162,000 -41,257,000 31,993,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Saul Centers, Inc.


Saul Centers, Inc. (NYSE: BFS) is a self-managed, self-administered equity real estate investment trust, formed in 1993 and headquartered in Bethesda, Maryland. Saul Centers operates and manages a real estate portfolio of 58 community and neighborhood shopping center and office properties totaling approximately 9.2 million square feet of leaseable area. Approximately 85 percent of our cash flow is generated from properties in the metropolitan Washington, D.C./Baltimore area.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
5 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
10 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
8 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
9 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.8
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
2 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
9 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
7.3 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-12-01 - v2.4