BFS
Saul Centers Inc
NYSE: BFS · REAL ESTATE · REIT - RETAIL
$34.46
+1.12% today
Updated 2026-04-30
Market cap
$845.84M
P/E ratio
31.68
P/S ratio
2.92x
EPS (TTM)
$1.09
Dividend yield
6.88%
52W range
$28 – $35
Volume
0.1M
Saul Centers Inc (BFS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.98M | $150.59M | $160.34M | $161.11M | $163.55M | $174.36M | $190.09M | $197.90M | $207.09M | $209.08M | $217.07M | $227.28M | $227.90M | $231.53M | $225.21M | $239.22M | $245.86M | $257.21M | $268.85M | $291.56M |
| Revenue growth (YoY) | — | +9.1% | +6.5% | +0.5% | +1.5% | +6.6% | +9.0% | +4.1% | +4.6% | +1.0% | +3.8% | +4.7% | +0.3% | +1.6% | -2.7% | +6.2% | +2.8% | +4.6% | +4.5% | +8.5% |
| Cost of revenue | $12.50M | $71.35M | $79.70M | $40.09M | $42.33M | $45.31M | $46.12M | $46.97M | $48.83M | $50.23M | $52.21M | $54.69M | $55.58M | $57.93M | $58.42M | $61.63M | $64.52M | $67.14M | $72.06M | $202.05M |
| Gross profit | $125.47M | $150.59M | $160.34M | $121.02M | $121.22M | $129.05M | $143.97M | $150.92M | $158.26M | $158.85M | $164.86M | $172.60M | $172.33M | $173.59M | $166.79M | $177.60M | $181.34M | $190.07M | $196.79M | $89.52M |
| Gross margin | 90.9% | 100.0% | 100.0% | 75.1% | 74.1% | 74.0% | 75.7% | 76.3% | 76.4% | 76.0% | 75.9% | 75.9% | 75.6% | 75.0% | 74.1% | 74.2% | 73.8% | 73.9% | 73.2% | 30.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $3.91M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $10.14M | $11.67M | $32.20M | $12.96M | $13.97M | $14.26M | $14.27M | $14.95M | $16.96M | $16.35M | $17.50M | $18.18M | $18.46M | $19.99M | $19.11M | $20.25M | $22.39M | $23.46M | $25.07M | $26.93M |
| Operating income | $40.47M | $45.52M | $46.37M | $45.11M | $43.82M | $33.91M | $36.23M | $35.27M | $51.93M | $52.93M | $55.71M | $60.60M | $62.55M | $152.80M | $50.32M | $107.07M | $65.39M | $166.61M | $121.22M | $119.65M |
| Operating margin | 29.3% | 30.2% | 28.9% | 28.0% | 26.8% | 19.5% | 19.1% | 17.8% | 25.1% | 25.3% | 25.7% | 26.7% | 27.4% | 66.0% | 22.3% | 44.8% | 26.6% | 64.8% | 45.1% | 41.0% |
| EBITDA | $66.12M | $71.85M | $76.15M | $73.38M | $72.29M | $69.31M | $76.34M | $84.40M | $93.13M | $96.20M | $100.13M | $106.29M | $217.50M | $147.00M | $146.53M | $157.34M | $156.39M | $166.61M | $171.72M | $178.55M |
| EBITDA margin | 47.9% | 47.7% | 47.5% | 45.5% | 44.2% | 39.8% | 40.2% | 42.6% | 45.0% | 46.0% | 46.1% | 46.8% | 95.4% | 63.5% | 65.1% | 65.8% | 63.6% | 64.8% | 63.9% | 61.2% |
| EBIT | $40.47M | $45.38M | $46.37M | $45.11M | $43.82M | $33.91M | $36.15M | $35.27M | $51.93M | $52.93M | $-60.05M | $-58.15M | $96.92M | $106.47M | $95.41M | $107.07M | $107.42M | $118.18M | $121.22M | $119.77M |
| Interest expense | $32.53M | $278000.00 | $34.28M | $34.69M | $34.96M | $45.48M | $49.54M | $46.59M | $44.71M | $45.16M | $45.68M | $47.23M | $45.04M | $41.83M | $45.09M | $45.42M | $43.94M | $47.20M | $53.70M | $70.55M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $32.68M | $36.70M | $39.69M | $36.71M | $36.76M | $26.73M | $33.37M | $30.87M | $46.94M | $42.47M | $45.28M | $48.26M | $50.55M | $51.72M | $40.38M | $2.96M | $50.19M | $52.69M | $50.65M | $37.51M |
| Net income growth (YoY) | — | +12.3% | +8.1% | -7.5% | +0.1% | -27.3% | +24.8% | -7.5% | +52.1% | -9.5% | +6.6% | +6.6% | +4.8% | +2.3% | -21.9% | -92.7% | +1592.9% | +5.0% | -3.9% | -25.9% |
| Profit margin | 23.7% | 24.4% | 24.8% | 22.8% | 22.5% | 15.3% | 17.6% | 15.6% | 22.7% | 20.3% | 20.9% | 21.2% | 22.2% | 22.3% | 17.9% | 1.2% | 20.4% | 20.5% | 18.8% | 12.9% |