Saul Centers: Fourth Quarter Financial Overview

Saul Centers Inc. Announces Fourth Quarter Financial Results

Saul Centers Inc., a real estate investment trust headquartered in Bethesda, Maryland, released its financial performance for the fourth quarter on Friday.

During this period, the company reported funds from operations totaling $21.5 million, which translates to 61 cents per share. This metric, commonly used in the REIT sector, is calculated by adjusting net income to include items like depreciation and amortization.

Net income for the quarter reached $3.7 million, or 15 cents per share. The trust, which primarily manages shopping centers, generated $75.1 million in revenue over the same timeframe.

Looking at the full year, Saul Centers Inc. reported funds from operations of $96.7 million, or $2.76 per share, with total annual revenue amounting to $289.8 million.

Since the start of the year, the company’s stock price has increased by 8%. However, as of the close of trading on Friday, shares were valued at $34.08, reflecting a 7.5% decrease over the past twelve months.

This article was produced by Automated Insights using data provided by Zacks Investment Research.