Symbols / BFS Stock $34.24 -1.27% Saul Centers, Inc.

Real Estate • REIT - Retail • United States • NYQ
BFS (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
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Index EQUITY
Sector Real Estate
Industry REIT - Retail
CEO Mr. Bernard Francis Saul II
Exch · Country NYQ · United States
Market Cap 1.18B
Enterprise Value 2.80B
Income 26.32M
Sales 289.84M
FCF (ttm) 74.19M
Book/sh 5.00
Cash/sh 0.41
Employees 156
Insider 10d —
IPO Aug 19, 1993
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 216.51%
P/E 31.41
Forward P/E 25.18
PEG 44.97
P/S 4.08
P/B 6.84
P/C —
EV/EBITDA 16.03
EV/Sales 9.65
Quick Ratio 0.33
Current Ratio 0.33
Debt/Eq 335.83
LT Debt/Eq —
EPS (ttm) 1.09
EPS next Y 1.36
EPS Growth -29.20%
Revenue Growth 10.60%
EPS Gr Q/Q -19.60%
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-27
ROA 3.49%
ROE 10.06%
ROIC —
Gross Margin 70.85%
Oper. Margin 37.40%
Profit Margin 12.94%
Shs Outstand 24.50M
Shs Float 13.45M
Insider Own 47.03%
Instit Own 46.79%
Short Float 0.39%
Short Ratio 0.78
Short Interest 45.07K
52W High 35.75
vs 52W High -4.23%
52W Low 29.16
vs 52W Low 17.42%
Beta 0.94
Impl. Vol. 37.67%
Rel Volume 0.21
Avg Volume 65.06K
Volume 13.79K
Target (mean) $43.50
Tgt Median $43.50
Tgt Low $40.00
Tgt High $47.00
# Analysts 2
Recom None
Prev Close $34.68
Price $34.24
Change -1.27%
About

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area. Saul Centers, Inc. was established on June 10, 1993 and incorporated in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$43.50
Mean price target
2. Current target
$34.24
Latest analyst target
3. DCF / Fair value
$54.52
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.24
Low
$40.00
High
$47.00
Mean
$43.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-08-22 main B. Riley Securities Buy → Buy $46
2023-08-11 main B. Riley Securities Neutral → Neutral $41
2023-01-04 down Raymond James Outperform → Market Perform —
2022-09-01 main Raymond James — → Outperform $50
2022-08-09 down B. Riley Securities Buy → Neutral $53
2021-11-09 main Raymond James — → Outperform $56
2021-06-17 main Raymond James — → Outperform $51
2021-03-04 up B. Riley Securities Neutral → Buy $50
2020-04-03 main B. Riley Securities — → Neutral $32
2020-01-29 down Capital One Overweight → Equal-Weight —
2020-01-29 down Capital One Overweight → Equal-Weight $60
2018-08-08 main B. Riley Securities Neutral → Neutral $58
2018-04-05 init B. Riley Securities — → Neutral $54
2016-10-14 init DA Davidson — → Neutral —
2014-05-16 main Raymond James — → Outperform $53
2013-03-25 up Baird Neutral → Outperform $48
News
RSS: Latest BFS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-11 FRIEDMAN JOEL ALBERT Officer and Treasurer — 400 $0.00 $0
2026-03-11 FRIEDMAN JOEL ALBERT Officer and Treasurer — 800 — —
2026-03-11 SAUL B FRANCIS II Chief Executive Officer — 4,000 $0.00 $0
2026-03-11 SAUL B FRANCIS II Chief Executive Officer — 8,000 — —
2026-03-11 COLLICH JOHN F Officer — 300 $0.00 $0
2026-03-11 COLLICH JOHN F Officer — 600 — —
2026-03-11 HACHEY DONALD A Officer — 300 $0.00 $0
2026-03-11 HACHEY DONALD A Officer — 600 — —
2026-03-11 LAYCOCK WILLOUGHBY B. Officer and Director — 100 $0.00 $0
2026-03-11 LAYCOCK WILLOUGHBY B. Officer and Director — 200 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
289.84
+7.81%
268.85
+4.53%
257.21
+4.62%
245.86
Operating Revenue
284.37
+8.88%
261.18
+4.87%
249.06
+3.41%
240.84
Cost Of Revenue
84.48
+17.23%
72.06
+7.33%
67.14
+4.06%
64.52
Reconciled Cost Of Revenue
84.48
+17.23%
72.06
+7.33%
67.14
+4.06%
64.52
Gross Profit
205.36
+4.36%
196.79
+3.53%
190.07
+4.81%
181.34
Operating Expense
85.72
+13.43%
75.57
+5.12%
71.89
+0.74%
71.36
Selling General And Administration
26.93
+7.44%
25.07
+6.85%
23.46
+4.77%
22.39
General And Administrative Expense
26.93
+7.44%
25.07
+6.85%
23.46
+4.77%
22.39
Other Gand A
26.93
+7.44%
25.07
+6.85%
23.46
+4.77%
22.39
Other Operating Expenses
—
—
—
—
Total Expenses
170.20
+15.29%
147.63
+6.19%
139.03
+2.31%
135.88
Operating Income
119.65
-1.30%
121.22
+2.57%
118.18
+7.46%
109.98
Total Operating Income As Reported
—
—
—
65.39
EBITDA
175.75
+3.56%
169.71
+3.07%
164.65
+5.28%
156.39
Normalized EBITDA
175.63
+3.60%
169.53
+2.96%
164.65
+4.85%
157.04
Reconciled Depreciation
58.78
+16.40%
50.50
+4.28%
48.43
-1.10%
48.97
EBIT
116.97
-1.88%
119.20
+2.56%
116.22
+8.20%
107.42
Total Unusual Items
0.12
-33.70%
0.18
0.00
+100.00%
-0.65
Total Unusual Items Excluding Goodwill
0.12
-33.70%
0.18
0.00
+100.00%
-0.65
Special Income Charges
—
0.00
0.00
+100.00%
-0.65
Other Special Charges
—
—
—
0.65
Net Income
37.51
-25.94%
50.65
-3.87%
52.69
+4.97%
50.19
Pretax Income
49.22
-27.30%
67.70
-1.92%
69.03
+5.56%
65.39
Net Non Operating Interest Income Expense
-70.55
-31.38%
-53.70
-9.24%
-49.15
-11.87%
-43.94
Interest Expense Non Operating
67.75
+31.54%
51.50
+9.12%
47.20
+12.30%
42.03
Net Interest Income
-70.55
-31.38%
-53.70
-9.24%
-49.15
-11.87%
-43.94
Interest Expense
67.75
+31.54%
51.50
+9.12%
47.20
+12.30%
42.03
Interest Income Non Operating
0.16
+0.00%
0.16
-46.10%
0.29
+288.16%
0.08
Interest Income
0.16
+0.00%
0.16
-46.10%
0.29
+288.16%
0.08
Other Income Expense
0.12
-33.70%
0.18
—
-0.65
Gain On Sale Of Security
0.12
-33.70%
0.18
—
—
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.03
-33.70%
0.04
0.00
+100.00%
-0.14
Net Income Including Noncontrolling Interests
49.22
-27.30%
67.70
-1.92%
69.03
+5.56%
65.39
Net Income From Continuing Operation Net Minority Interest
37.51
-25.94%
50.65
-3.87%
52.69
+4.97%
50.19
Net Income From Continuing And Discontinued Operation
37.51
-25.94%
50.65
-3.87%
52.69
+4.97%
50.19
Net Income Continuous Operations
49.22
-27.30%
67.70
-1.92%
69.03
+5.56%
65.39
Minority Interests
-11.71
+31.35%
-17.05
-4.39%
-16.34
-7.49%
-15.20
Normalized Income
37.42
-25.92%
50.51
-4.14%
52.69
+3.91%
50.71
Net Income Common Stockholders
26.32
-33.30%
39.45
-4.92%
41.49
+6.40%
39.00
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
1.09
-33.13%
1.63
-5.78%
1.73
+6.13%
1.63
Basic EPS
1.09
-33.54%
1.64
-5.20%
1.73
+6.13%
1.63
Basic Average Shares
24.14
+0.36%
24.06
+0.03%
24.05
+0.36%
23.96
Diluted Average Shares
24.14
-0.25%
24.21
+0.63%
24.05
+0.34%
23.97
Diluted NI Availto Com Stockholders
26.32
-33.30%
39.45
-4.92%
41.49
+6.40%
39.00
Depreciation Amortization Depletion Income Statement
58.78
+16.40%
50.50
+4.28%
48.43
-1.10%
48.97
Depreciation And Amortization In Income Statement
58.78
+16.40%
50.50
+4.28%
48.43
-1.10%
48.97
Preferred Stock Dividends
11.19
+0.00%
11.19
+0.00%
11.19
+0.00%
11.19
Total Other Finance Cost
2.96
+25.84%
2.35
+4.58%
2.25
+13.35%
1.99
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,162.68
+1.71%
2,126.40
+6.63%
1,994.14
+8.77%
1,833.30
Current Assets
69.54
+13.54%
61.25
-4.95%
64.44
-7.42%
69.60
Cash Cash Equivalents And Short Term Investments
8.74
-15.13%
10.30
+22.51%
8.41
-36.69%
13.28
Cash And Cash Equivalents
8.74
-15.13%
10.30
+22.51%
8.41
-36.69%
13.28
Receivables
60.80
+19.33%
50.95
-9.07%
56.03
-0.52%
56.32
Accounts Receivable
60.80
+19.33%
50.95
-9.07%
56.03
-0.52%
56.32
Total Non Current Assets
2,093.14
+1.35%
2,065.16
+7.02%
1,929.70
+9.41%
1,763.70
Non Current Deferred Assets
25.85
-0.23%
25.91
+9.18%
23.73
+5.99%
22.39
Other Non Current Assets
11.73
-21.53%
14.94
+4.25%
14.34
-33.79%
21.65
Total Liabilities Net Minority Interest
1,685.42
+3.70%
1,625.28
+9.10%
1,489.71
+13.59%
1,311.50
Current Liabilities
205.46
-19.78%
256.12
-27.79%
354.67
+55.99%
227.37
Payables And Accrued Expenses
60.78
-12.71%
69.63
-12.92%
79.96
+22.20%
65.43
Payables
60.78
-12.71%
69.63
-12.92%
79.96
+22.20%
65.43
Accounts Payable
36.62
-20.68%
46.16
-19.05%
57.02
+32.68%
42.98
Dividends Payable
24.16
+2.95%
23.47
+2.32%
22.94
+2.16%
22.45
Current Debt And Capital Lease Obligation
144.68
-22.42%
186.49
-32.12%
274.71
+69.64%
161.94
Current Debt
144.68
-22.42%
186.49
-32.12%
274.71
+69.64%
161.94
Total Non Current Liabilities Net Minority Interest
1,479.96
+8.09%
1,369.16
+20.63%
1,135.03
+4.70%
1,084.13
Long Term Debt And Capital Lease Obligation
1,457.12
+8.25%
1,346.13
+21.02%
1,112.29
+4.84%
1,060.96
Long Term Debt
1,457.12
+8.25%
1,346.13
+21.02%
1,112.29
+4.84%
1,060.96
Non Current Deferred Liabilities
22.84
-0.84%
23.03
+1.25%
22.75
-1.82%
23.17
Non Current Deferred Revenue
22.84
-0.84%
23.03
+1.25%
22.75
-1.82%
23.17
Stockholders Equity
307.82
-8.32%
335.75
-3.63%
348.39
-13.01%
400.48
Common Stock Equity
122.82
-18.53%
150.75
-7.73%
163.39
-24.18%
215.48
Capital Stock
185.25
+0.00%
185.24
+0.00%
185.24
+0.00%
185.24
Common Stock
0.24
+0.82%
0.24
+0.83%
0.24
+0.42%
0.24
Preferred Stock
185.00
+0.00%
185.00
+0.00%
185.00
+0.00%
185.00
Share Issued
24.55
+1.02%
24.30
+0.91%
24.08
+0.28%
24.02
Ordinary Shares Number
24.55
+1.02%
24.30
+0.91%
24.08
+0.28%
24.02
Additional Paid In Capital
459.22
+1.13%
454.09
+0.92%
449.96
+0.82%
446.30
Retained Earnings
-337.71
-10.17%
-306.54
-6.13%
-288.82
-5.58%
-273.56
Gains Losses Not Affecting Retained Earnings
1.06
-64.23%
2.97
+47.27%
2.01
-29.38%
2.85
Minority Interest
169.44
+2.46%
165.37
+5.98%
156.04
+28.62%
121.32
Other Equity Adjustments
1.06
-64.23%
2.97
+47.27%
2.01
-29.38%
2.85
Total Equity Gross Minority Interest
477.26
-4.76%
501.12
-0.66%
504.43
-3.33%
521.80
Total Capitalization
1,764.94
+4.94%
1,681.88
+15.14%
1,460.67
-0.05%
1,461.44
Working Capital
-135.92
+30.25%
-194.87
+32.86%
-290.24
-83.96%
-157.77
Invested Capital
1,724.62
+2.45%
1,683.37
+8.58%
1,550.39
+7.79%
1,438.38
Total Debt
1,601.80
+4.51%
1,532.62
+10.50%
1,387.00
+13.42%
1,222.90
Net Debt
1,593.06
+4.65%
1,522.32
+10.43%
1,378.59
+13.97%
1,209.62
Net Tangible Assets
307.82
-8.32%
335.75
-3.63%
348.39
-13.01%
400.48
Tangible Book Value
122.82
-18.53%
150.75
-7.73%
163.39
-24.18%
215.48
Investment Properties
2,055.56
+1.54%
2,024.31
+7.01%
1,891.63
+10.00%
1,719.66
Line Of Credit
144.68
-22.42%
186.49
-32.12%
274.71
+69.64%
161.94
Other Equity Interest
—
—
—
39.65
Preferred Shares Number
7.40
+0.00%
7.40
+0.00%
7.40
+0.00%
7.40
Preferred Stock Equity
185.00
+0.00%
185.00
+0.00%
185.00
+0.00%
185.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
99.80
-17.68%
121.22
+2.97%
117.73
-2.83%
121.15
Cash Flow From Continuing Operating Activities
99.80
-17.68%
121.22
+2.97%
117.73
-2.83%
121.15
Net Income From Continuing Operations
49.22
-27.30%
67.70
-1.92%
69.03
+5.56%
65.39
Other Non Cash Items
57.81
+24.16%
46.56
+3.30%
45.07
-6.56%
48.24
Stock Based Compensation
1.98
+15.09%
1.72
+21.25%
1.42
-6.57%
1.52
Asset Impairment Charge
1.72
+100.47%
0.86
+60.86%
0.53
+706.82%
-0.09
Operating Gains Losses
-0.12
+33.70%
-0.18
—
0.65
Gain Loss On Sale Of PPE
-0.12
+33.70%
-0.18
0.00
0.00
Change In Working Capital
-10.82
-337.21%
4.56
+172.56%
1.67
-69.25%
5.44
Change In Receivables
-11.57
-373.96%
4.22
+1838.27%
-0.24
-110.02%
2.42
Change In Payables And Accrued Expense
0.47
+168.60%
-0.69
-136.68%
1.88
+259.54%
0.52
Change In Payable
0.47
+168.60%
-0.69
-136.68%
1.88
+259.54%
0.52
Change In Account Payable
0.47
+168.60%
-0.69
-136.68%
1.88
+259.54%
0.52
Change In Other Working Capital
-0.19
-167.72%
0.28
+167.70%
-0.42
+79.15%
-2.02
Change In Other Current Assets
0.47
-36.12%
0.74
+63.80%
0.45
-89.96%
4.51
Investing Cash Flow
-95.81
+49.23%
-188.73
+7.34%
-203.68
-74.25%
-116.89
Cash Flow From Continuing Investing Activities
-95.81
+49.23%
-188.73
+7.34%
-203.68
-74.25%
-116.89
Net Business Purchase And Sale
-52.82
+65.18%
-151.68
+14.54%
-177.49
-75.54%
-101.11
Purchase Of Business
-52.82
+65.18%
-151.68
+14.54%
-177.49
-75.54%
-101.11
Financing Cash Flow
-5.54
-107.98%
69.40
-14.41%
81.08
+1553.60%
-5.58
Cash Flow From Continuing Financing Activities
-5.54
-107.98%
69.40
-14.41%
81.08
+1553.60%
-5.58
Net Issuance Payments Of Debt
73.13
-50.05%
146.40
-12.65%
167.60
+100.35%
83.65
Issuance Of Debt
276.29
-40.45%
464.00
+79.89%
257.94
-27.29%
354.75
Repayment Of Debt
-203.16
+36.03%
-317.59
-251.58%
-90.33
+66.68%
-271.10
Long Term Debt Issuance
276.29
-40.45%
464.00
+79.89%
257.94
-27.29%
354.75
Long Term Debt Payments
-203.16
+36.03%
-317.59
-251.58%
-90.33
+66.68%
-271.10
Net Long Term Debt Issuance
73.13
-50.05%
146.40
-12.65%
167.60
+100.35%
83.65
Short Term Debt Issuance
—
—
160.00
+3.23%
155.00
Short Term Debt Payments
—
—
-48.00
+50.52%
-97.00
Net Short Term Debt Issuance
—
—
112.00
+93.10%
58.00
Net Common Stock Issuance
3.15
+31.13%
2.41
+7.51%
2.24
-72.62%
8.17
Common Stock Dividend Paid
-57.15
-0.44%
-56.89
-0.30%
-56.72
-2.16%
-55.52
Cash Dividends Paid
-68.34
-0.37%
-68.09
-0.25%
-67.92
-1.80%
-66.72
Repurchase Of Capital Stock
—
—
—
—
Net Other Financing Charges
-13.48
-19.09%
-11.32
+45.68%
-20.84
+32.08%
-30.69
Changes In Cash
-1.56
-182.35%
1.89
+138.83%
-4.87
-270.49%
-1.31
Beginning Cash Position
10.30
+22.51%
8.41
-36.69%
13.28
-9.01%
14.59
End Cash Position
8.74
-15.13%
10.30
+22.51%
8.41
-36.69%
13.28
Free Cash Flow
99.80
-17.68%
121.22
+2.97%
117.73
-2.83%
121.15
Interest Paid Supplemental Data
67.92
+31.51%
51.65
+12.07%
46.08
+13.16%
40.73
Common Stock Issuance
3.15
+31.13%
2.41
+7.51%
2.24
-72.62%
8.17
Issuance Of Capital Stock
3.15
+31.13%
2.41
+7.51%
2.24
-72.62%
8.17
Net Investment Properties Purchase And Sale
-43.00
-16.06%
-37.05
-41.43%
-26.20
-66.00%
-15.78
Net Preferred Stock Issuance
—
—
—
—
Preferred Stock Dividend Paid
-11.19
+0.00%
-11.19
+0.00%
-11.19
+0.00%
-11.19
Preferred Stock Issuance
—
—
—
—
Preferred Stock Payments
—
—
—
—
Purchase Of Investment Properties
-43.12
-15.82%
-37.23
-42.12%
-26.20
-66.00%
-15.78
Sale Of Investment Properties
0.12
-33.70%
0.18
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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