v3.26.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate investments    
Land $ 595,514 $ 595,514
Buildings and equipment 2,174,092 2,162,135
Construction in progress 116,416 109,950
Total 2,886,022 2,867,599
Accumulated depreciation (841,335) (812,035)
Total real estate investments, net 2,044,687 2,055,564
Cash and cash equivalents 5,877 8,741
Accounts receivable and accrued income, net 62,792 60,799
Deferred leasing costs, net 25,863 25,847
Other assets 20,251 11,727
Total assets 2,159,470 2,162,678
Liabilities    
Mortgage notes payable, net 1,107,956 1,063,530
Revolving credit facility payable, net 85,281 144,678
Term loan facility payable, net 139,089 138,870
Construction loans payable, net 271,816 254,724
Accounts payable, accrued expenses and other liabilities 42,352 36,617
Deferred income 18,831 22,840
Dividends and distributions payable 24,589 24,162
Total liabilities 1,689,914 1,685,421
Equity    
Common stock, $0.01 par value, 50,000,000 shares authorized, 24,777,583 and 24,551,168 shares issued and outstanding, respectively 248 245
Additional paid-in capital 463,289 459,222
Distributions in excess of accumulated earnings (354,452) (337,708)
Accumulated other comprehensive income 1,824 1,061
Total Saul Centers, Inc. equity 295,909 307,820
Noncontrolling interests 173,647 169,437
Total equity 469,556 477,257
Total liabilities and equity 2,159,470 2,162,678
Series D Cumulative Redeemable, 30,000 shares issued and outstanding    
Equity    
Preferred stock, 1,000,000 shares authorized: 75,000 75,000
Series E Cumulative Redeemable, 44,000 shares issued and outstanding    
Equity    
Preferred stock, 1,000,000 shares authorized: $ 110,000 $ 110,000