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Saul Centers, Inc.

BFSReal EstateNASDAQ

REIT - Retail

PriceMA150MA200
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Financials · Annual
Revenue
$289.8M
+7.8% YoY
Net Income
$37.5M
-25.9% YoY
EBITDA
$175.7M
+3.6% YoY
Free Cash Flow
$76.0M

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About Saul Centers, Inc.

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. At a $1.20B market cap, Saul Centers, Inc. ranks as a small-cap company within real estate. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.

Key stats
Market Cap$1.20B
P/E (TTM)32.70
Fwd P/E25.49
EPS$1.06
Beta0.90
52W Change+1.1%
Dividend Yield6.81%
ROE10.0%
Analysis

The company holds $11.1M in cash, though total debt stands at $1.60B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $76.0M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 10.0% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.5% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $245.9M to $289.8M.

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BFS.

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