SAUL CENTERS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $289.8M | $268.8M | $257.2M | $245.9M | $239.2M |
| Cost of revenue | — | — | $67.1M | $64.5M | $61.6M |
| Gross profit | — | — | $190.1M | $181.3M | $177.6M |
| Operating income | $195.3M | $203.8M | $189.4M | $180.5M | — |
| Interest expense | $70.7M | $53.9M | $49.4M | $44.0M | $45.4M |
| Net income | $37.5M | $50.6M | $52.7M | $50.2M | $48.4M |
| Balance Sheet | |||||
| Cash and equivalents | $8.7M | $10.3M | $8.4M | $13.3M | $14.6M |
| Total assets | $2.2B | $2.1B | $2.0B | $1.8B | $1.7B |
| Total liabilities | $1.7B | $1.6B | $1.5B | $1.3B | $1.2B |
| Stockholders' equity | $307.8M | $335.8M | $348.4M | $400.5M | $405.0M |
| Cash Flow Statement | |||||
| Cash from operations | $99.8M | $121.2M | $117.7M | $121.2M | $118.4M |
| Depreciation and amortization | $58.8M | $50.5M | $48.4M | $49.0M | $50.3M |
| Stock-based compensation | $2.0M | $1.7M | $1.4M | $1.5M | $1.6M |
| Capital expenditure | $11.0M | $21.0M | $31.2M | $116.9M | $55.9M |
| Free cash flow | $88.8M | $100.2M | $86.6M | $4.3M | $62.5M |
| Dividends paid | $57.1M | $56.9M | $56.7M | $55.5M | $51.0M |
Shares outstanding 24.5M · Free float 24.6%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.