Saturday 17 October 2026 Export BFS’s income statement to Excel — free account

Saul Centers, Inc.

Saul Centers, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $289.8 million, up 7.81% from fiscal 2024. In the quarter to June 2026, revenue grew 8.41%, EPS fell 27.3%, free cash flow grew 724.3% and total debt rose 2.52%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

29.52 0.38 +1.30%

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Market cap: $720.3M
P/E: 30.4×
Fwd P/E: 57.9×
Dividend yield: 7.99%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.33

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	5	—	—	—	1	—	1	—	—	—	1	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 45.27%

Capital & Financial Ratios $m

Market Cap 720.25

Revenue 302.20

Net Income 45.78

Free Cash Flow 45.58

Net Debt 1,598.27

Current Ratio 1.62

Debt/Equity 3.42

P/E ratio 30.43

Fwd P/E 57.90

P/S ratio 2.38

P/B ratio 2.53

Past 5Y EPS Growth (2.70%)

This Y EPS Growth (47.71%)

Next Y EPS Growth 40.35%

Next Y revenue growth 7.44%

Next 5Y EPS Growth (1.55%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 49.35%

10-year low 10-year high

P/S against its own 10 years 0.11%

10-year low 10-year high

P/B against its own 10 years 4.39%

10-year low 10-year high

EV/Sales against its own 10 years 1.14%

10-year low 10-year high

EV/FCF against its own 10 years 26.00%

10-year low 10-year high

Dividends

Payout Ratio 2.43

Annual Dividend Rate 2.36

Annual Dividend Yield 7.99%

	total	individual payouts
2027	Powerpack
2026	2.36	0.59 0.59 0.59 0.59
2025	2.36	0.59 0.59 0.59 0.59
2024	2.36	0.59 0.59 0.59 0.59
2023	2.36	0.59 0.59 0.59 0.59
2022	2.32	0.57 0.57 0.59 0.59
2021	2.16	0.53 0.53 0.55 0.55
2020	2.12	0.53 0.53 0.53 0.53
2019	2.12	0.53 0.53 0.53 0.53
2018	2.08	0.52 0.52 0.52 0.52
2017	2.55	0.51 0.51 0.51 0.51 0.51
2016	1.84	0.43 0.47 0.47 0.47

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	10	9	6
Receivables	56	51	61	63
Inventory	—	—	—	—
Other	—	—	—	—
	64	61	70	69

	2023	2024	2025	Q'26
Payables	57	46	37	42
ST’ Debt	—	—	—	—
Other	—	—	—	—
	57	46	37	42

Compound Annual Growth %

	10y	5y	3y
Sales	3.32%	5.18%	5.64%
Cash Flow	1.16%	4.95%	(6.26%)
Earnings	(1.33%)	(2.05%)	(12.29%)
Book Value	3.04%	2.22%	(2.93%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	78	77	—	—	—
’25	72	71	72	75	290
’24	67	67	67	68	269
’23	63	64	64	67	257
’22	62	60	61	62	246
’21	59	60	60	60	239
’20	57	53	57	58	225

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	31	—	—	—
’25	30	27	21	22	100
’24	34	32	26	29	121
’23	36	33	16	33	118
’22	40	27	26	29	121
’21	35	32	22	29	118
’20	26	16	15	22	78

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	22	22	—	—	—
’25	6	(3)	1	0	4
’24	(12)	(12)	(28)	(15)	(68)
’23	(7)	(24)	(32)	(24)	(86)
’22	23	(9)	(7)	(3)	4
’21	16	23	11	12	63
’20	4	(2)	6	14	22

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.26	0.24	—	—	—
’25	0.29	0.33	0.32	0.15	1.09
’24	0.45	0.48	0.48	0.22	1.63
’23	0.45	0.43	0.42	0.43	1.73
’22	0.44	0.43	0.38	0.38	1.63
’21	0.32	0.42	0.44	0.40	1.57
’20	0.45	0.24	0.28	0.28	1.25

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	46.46	55.86	45.49	45.67	23.49	29.65	36.21	32.13	34.87	29.16	Analyst estimates 2026–2028 Powerpack
	High	68.75	67.80	63.45	58.49	57.16	54.46	56.22	43.95	42.39	38.89
People
People	Employees	58	65	65	67	60	65	70	71	149	168
	Revenue/emp, $m	3.74	3.48	3.50	3.46	3.75	3.68	3.51	3.62	1.80	1.73
Income, $m
Income, $m	Revenue	217	226	227	232	225	239	246	257	269	290
	Gross margin, %	75.94	75.83	75.54	74.98	74.06	74.24	73.76	73.90	73.20	70.85
	EBT	56	61	63	64	50	62	65	69	68	49
	EBT margin, %	25.67	26.81	27.75	27.73	22.22	25.77	26.60	26.84	25.18	16.98
	Net income	57	61	63	64	50	62	65	69	68	49
	Depreciation	46	47	47	48	53	52	51	51	53	62
Per share, $
Per share, $	Revenue	10.09	10.33	10.15	7.50	7.20	7.47	10.26	7.68	7.79	8.29
	Earnings	1.53	1.63	1.61	1.58	1.25	1.57	1.63	1.73	1.64	1.09
	Cash flow	4.14	4.72	4.93	3.74	2.51	3.70	5.06	3.52	3.51	2.85
	Capex	(4.01)	(5.17)	(5.75)	(4.39)	(1.80)	(1.75)	(4.88)	(6.08)	(5.47)	(2.74)
	Free cash flow	0.13	(0.45)	(0.82)	(0.66)	0.71	1.95	0.18	(2.57)	(1.96)	0.11
	Book value	17.36	17.95	19.00	14.36	13.67	16.56	21.77	15.07	14.52	13.65
	Shares, m	22	22	22	31	31	32	24	33	35	35
Valuation, ×
Valuation, ×	P/E	43.11	37.95	29.33	33.41	25.34	33.56	24.97	22.74	23.80	28.93
	P/S	6.54	5.99	4.65	7.04	4.40	7.10	3.97	5.12	4.98	3.80
	P/B	7.34	6.36	4.31	6.31	4.08	4.92	2.90	4.12	4.24	3.77
	EV/Sales	10.65	10.17	9.08	11.69	9.39	11.82	8.89	10.48	10.64	9.30
	EV/FCF	820.47	(233.61)	(112.73)	(133.46)	95.19	45.23	512.54	(31.36)	(42.38)	676.95
Cash, $m
Cash, $m	Operating cash flow	89	103	110	115	78	118	121	118	121	100
	Capex	(86)	(113)	(129)	(136)	(56)	(56)	(117)	(204)	(189)	(96)
	Free cash flow	3	(10)	(18)	(20)	22	63	4	(86)	(68)	4
Balance, $m
Balance, $m	Working capital	40	42	36	31	67	48	27	7	15	33
	Total debt	900	959	1,022	1,091	1,151	1,144	1,223	1,387	1,533	1,602
	Net debt	892	948	1,007	1,077	1,124	1,129	1,210	1,379	1,522	1,593
	Shareholders’ equity	373	393	425	443	428	530	522	504	501	477
Returns, %
Returns, %	ROA	2.49	2.59	2.44	2.30	1.79	2.19	2.18	2.17	1.92	1.23
	ROIC	2.75	2.82	2.73	2.66	2.02	2.32	2.38	2.29	2.09	1.48
	ROE	17.93	17.66	15.69	14.40	11.65	12.65	11.43	12.65	12.42	8.65

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UE Urban Edge Properties	$2.6B	36.1×	42.4×	+7.62% (above 0%: growing)	−69.57% (below 0%: shrinking)	−84.13% (below 0%: shrinking)	70.52%	31.44%	Compare
FCPT Four Corners Property Trust, Inc.	$2.4B	19.8×	20.9×	+7.65% (above 0%: growing)	−3.57% (below 0%: shrinking)	+15.78% (above 0%: growing)	85.43%	55.08%	Compare
IVT InvenTrust Properties Corp.	$2.3B	151×	192×	+12.62% (above 0%: growing)	−98.39% (below 0%: shrinking)	−134.17% (below 0%: shrinking)	72.76%	15.29%	Compare
NTST NETSTREIT Corp.	$1.8B	120×	60.6×	+26.92% (above 0%: growing)	+50.00% (above 0%: growing)	−756.51% (below 0%: shrinking)	90.67%	32.17%	Compare
GTY Getty Realty Corporation	$1.8B	17.2×	22.6×	+10.88% (above 0%: growing)	+50.00% (above 0%: growing)	−85.46% (below 0%: shrinking)	96.01%	59.10%	Compare
CBL CBL & Associates Properties, Inc.	$1.5B	7.0×	14.9×	+3.96% (above 0%: growing)	+1,775.00% (above 0%: growing)	+40.87% (above 0%: growing)	65.39%	30.53%	Compare
ALX Alexander's, Inc.	$1.2B	7.1×	— (loss-making)	+6.05% (above 0%: growing)	+2,441.18% (above 0%: growing)	+520.77% (above 0%: growing)	51.12%	30.11%	Compare
BFS Saul Centers, Inc.	$720.3M	30.4×	57.9×	+8.41% (above 0%: growing)	−27.27% (below 0%: shrinking)	+724.34% (above 0%: growing)	70.88%	15.04%
PINE Alpine Income Property Trust, Inc.	$320.7M	81.4×	37.9×	+34.58% (above 0%: growing)	n/m	−149.47% (below 0%: shrinking)	89.58%	43.53%	Compare
Median of peers	$1.8B	28.0×	37.9×	+9.27%	+50.00%	−84.79%	79.10%	31.81%

All 26 Reit Retail stocks →

Saul Centers, Inc. (BFS) key facts

Strength: Saul Centers, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $289.8 million, up 7.81% from fiscal 2024.
Saul Centers, Inc. (BFS) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, BFS traded at $29.52, a market capitalization of $720.3 million.
Saul Centers, Inc. pays an annual dividend of $2.36 per share, a yield of 7.99%.
Return on equity was 8.65% and debt-to-equity 3.42.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.