Saul Centers, Inc. (BFS) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Saul Centers reported revenue of $289.8M, up 7.8% from $268.8M the year before. Net income was $37.5M (a 12.9% net margin), or $1.09 per diluted share. Gross margin was 16.9% and operating margin was 67.4%. Operating activities generated $99.8M of cash. At fiscal year end, Saul Centers held $2.16B in total assets against $1.69B in total liabilities, including $8.7M of cash and equivalents.
Open the full interactive Saul Centers financials → Quarterly statements, key ratios, valuation history and price charts.
Saul Centers Key Stats
| Share Price | $29.70 |
|---|---|
| Market Cap | $725.5M |
| P/E Ratio | 27.2 |
| Revenue YoY Growth | +7.8% |
| 52-Week Range | $28.10 – $37.26 |
| Shares Outstanding | 24.4 million (basic, 2026 Q2) |
Saul Centers Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $225.2M | $239.2M | $245.9M | $257.2M | $268.8M | $289.8M |
| Cost of Goods Sold | $58.4M | $61.6M | $64.5M | $67.1M | $201.3M | $240.7M |
| Gross Profit | $166.8M | $177.6M | $181.3M | $190.1M | $67.5M | $49.1M |
| Operating Income | $11.7M | $157.3M | $158.9M | $166.6M | $203.8M | $195.3M |
| Pre-Tax Income | $40.4M | $48.4M | $50.2M | $52.7M | $50.6M | $37.5M |
| Net Income | $40.4M | $48.4M | $50.2M | $52.7M | $50.6M | $37.5M |
| Diluted EPS | $1.25 | $1.57 | $1.63 | $1.73 | $1.63 | $1.09 |
Saul Centers Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $72.0M | $75.1M | $78.3M | $76.8M |
| Net Income | $10.5M | $6.5M | $9.1M | $8.8M |
| Diluted EPS | $0.32 | $0.27 | $0.26 | $0.24 |
Saul Centers Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $26.9M | $14.6M | $13.3M | $8.4M | $10.3M | $8.7M |
| Total Assets | $1.65B | $1.75B | $1.83B | $1.99B | $2.13B | $2.16B |
| Total Long-Term Debt | $268.2M | $237.4M | $320.8M | $332.3M | $455.8M | $468.4M |
| Total Liabilities | $1.22B | $1.22B | $1.31B | $1.49B | $1.63B | $1.69B |
| Shareholders' Equity | $364.3M | $405.0M | $400.5M | $348.4M | $335.8M | $307.8M |
Saul Centers Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $78.4M | $118.4M | $121.2M | $117.7M | $121.2M | $99.8M |
| Cash From Investing | -$56.2M | -$55.9M | -$116.9M | -$203.7M | -$188.7M | -$95.8M |
| Cash From Financing | -$9.3M | -$74.8M | -$5.6M | $81.1M | $69.4M | -$5.5M |
| Free Cash Flow | $22.2M | $62.5M | $4.3M | — | — | — |
Figures from Saul Centers' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Saul Centers financials page for every line item.
Saul Centers Company Profile
| Ticker | BFS |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Bethesda, Maryland |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000907254 |
Frequently Asked Questions
What was Saul Centers' revenue in fiscal 2025?
Saul Centers (BFS) reported revenue of $289.8M for fiscal 2025.
What is Saul Centers' annual revenue history?
Saul Centers' annual revenue by fiscal year: 2020: $225.2M; 2021: $239.2M; 2022: $245.9M; 2023: $257.2M; 2024: $268.8M; 2025: $289.8M.
What was Saul Centers' net income in fiscal 2025?
Saul Centers reported net income of $37.5M for fiscal 2025.
What was Saul Centers' earnings per share (EPS) in fiscal 2025?
Saul Centers' diluted EPS was $1.09 for fiscal 2025 (adjusted for any later stock splits).
What was Saul Centers' revenue last quarter?
In its most recent reported quarter (2026 Q2), Saul Centers reported revenue of $76.8M.
How much debt does Saul Centers have?
Saul Centers reported $468.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Saul Centers are outstanding?
Saul Centers reported a weighted average of 24.4 million basic shares outstanding in 2026 Q2.
What is Saul Centers' market cap?
Based on its latest closing price, Saul Centers (BFS) has a market capitalization of about $725.5M.
When does Saul Centers' fiscal year end?
Saul Centers' fiscal year end, as registered with the SEC, is December 31.
Where is Saul Centers headquartered?
Saul Centers lists its business address in Bethesda, Maryland in its SEC filings.