Quarterly ResultMay 7, 2026, 04:37 PM
Saul Centers Q1 Revenue $78.26M; EPS $0.26
AI Summary
Saul Centers reported Q1 2026 total revenue of $78.26 million, an 8.9% increase year-over-year. However, net income available to common stockholders decreased by 9.7% to $6.32 million, resulting in diluted EPS of $0.26, down from $0.29 in Q1 2025. The company also closed an $8.5 million supplemental mortgage loan during the quarter.
Key Highlights
- Total revenue increased 8.9% to $78.26 million for Q1 2026.
- Net income available to common stockholders decreased 9.7% to $6.32 million.
- Diluted earnings per share (EPS) was $0.26, down from $0.29 in Q1 2025.
- Rental revenue grew 8.9% to $76.82 million in Q1 2026.
- Total expenses rose 12.2% to $66.22 million, driven by higher interest expense.
- Closed an $8.5 million supplemental mortgage loan on March 26, 2026.
- Net cash provided by operating activities was $29.29 million.
- Total assets were $2.16 billion as of March 31, 2026.