Saul Centers, Inc.

BFS Real Estate Reit Retail

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%
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
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
28.93 23.80 22.74 24.97 33.56 25.34 33.41 29.33 37.95 43.11
Piotroski F-Score
5 4 4 4 7 4 3 4 4 6
P/S ratio
3.80 4.98 5.12 3.97 7.10 4.40 7.04 4.65 5.99 6.54
P/FCF ratio
276.89 0.00 0.00 228.79 27.17 44.59 0.00 0.00 0.00 503.72
P/Operating CF
49.69 46.53 40.29 33.47 57.75 45.86 48.95 29.80 46.71 75.70
P/B ratio
3.77 4.24 4.12 2.90 4.92 4.08 6.31 4.31 6.36 7.34
Price to Tangible BV
3.77 4.24 4.12 2.90 4.92 4.08 6.31 4.31 6.36 7.34
EV/Sales
9.30 10.64 10.48 8.89 11.82 9.39 11.69 9.08 10.17 10.65
EV/EBITDA
24.32 23.77 22.52 18.68 24.88 20.58 24.06 18.76 21.38 22.77
EV/Operating CF
27.01 23.60 22.90 18.04 23.88 26.98 23.46 18.71 22.26 25.93
EV/FCF
676.95 (42.38) (31.36) 512.54 45.23 95.19 (133.46) (112.73) (233.61) 820.47
Quick Ratio
1.90 1.33 1.13 1.62 2.87 3.76 1.88 2.11 2.81 2.93
Current Ratio
1.90 1.33 1.13 1.62 2.87 3.76 1.88 2.11 2.81 2.93
Net Debt/EBITDA
14.37 12.65 11.52 10.34 9.94 10.94 9.58 9.16 8.80 8.79
Debt/Assets
74.07% 72.08% 69.55% 66.70% 65.48% 69.94% 67.43% 66.90% 67.39% 67.03%
Debt/Equity
3.36 3.06 2.75 2.34 2.16 2.69 2.46 2.40 2.44 2.41
Asset Turnover
0.14 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Operating CF/Net income
3.79 3.07 2.84 3.11 3.18 2.69 3.18 3.07 2.88 2.71
Capex/Depreciation
(1.55) (3.57) (4.02) (2.29) (1.08) (1.07) (2.84) (2.71) (2.41) (1.89)
ROE
8.65% 12.42% 12.65% 11.43% 12.65% 11.65% 14.40% 15.69% 17.66% 17.93%
ROA
1.23% 1.92% 2.17% 2.18% 2.19% 1.79% 2.30% 2.44% 2.59% 2.49%
ROIC
1.48% 2.09% 2.29% 2.38% 2.32% 2.02% 2.66% 2.73% 2.82% 2.75%
Return on Tangible Assets
1.26% 1.93% 2.19% 2.23% 2.21% 1.84% 2.34% 2.47% 2.64% 2.57%
Average Days of Receivables
76.56 69.17 79.51 83.62 89.50 105.21 82.47 86.55 87.19 88.76
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
9.29% 9.32% 9.12% 9.11% 8.47% 8.48% 8.98% 8.12% 8.03% 8.06%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.68% 0.64% 0.55% 0.62% 0.65% 0.64% 0.80% 0.78% 0.74% 0.74%
Graham Net Nets
(1.47) (1.17) (1.08) (1.27) (0.67) (1.14) (0.68) (0.98) (0.71) (0.64)
Graham Number
14.32 18.33 19.27 22.70 19.58 14.77 17.25 19.92 18.89 17.59
Earnings Yield
3.46% 4.20% 4.40% 4.00% 2.98% 3.95% 2.99% 3.41% 2.63% 2.32%
Free Cash Flow Yield
0.36% (5.04%) (6.53%) 0.44% 3.68% 2.24% (1.24%) (1.73%) (0.73%) 0.20%
Revenue per Share
8.29 7.79 7.68 10.26 7.47 7.20 7.50 10.15 10.33 10.09
Operating CF per Share
2.85 3.51 3.52 5.06 3.70 2.51 3.74 4.93 4.72 4.14
Capex per Share
(2.74) (5.47) (6.08) (4.88) (1.75) (1.80) (4.39) (5.75) (5.17) (4.01)
Free Cash Flow per Share
0.11 (1.96) (2.57) 0.18 1.95 0.71 (0.66) (0.82) (0.45) 0.13
Cash per Share
0.25 0.30 0.25 0.55 0.46 0.86 0.45 0.65 0.50 0.39
Shareholders Equity per Share
13.65 14.52 15.07 21.77 16.56 13.67 14.36 19.00 17.95 17.36
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
13.65 14.52 15.07 21.77 16.56 13.67 14.36 19.00 17.95 17.36
Free Cash Flow
3.98 (67.51) (85.95) 4.26 62.51 22.22 (20.28) (18.31) (9.86) 2.82
Working Capital
32.92 15.09 7.42 26.62 47.70 67.39 31.02 36.04 41.84 40.26
Capital Expenditures
(95.81) (188.73) (203.68) (116.89) (55.92) (56.15) (135.66) (128.65) (113.31) (86.27)
Net Current Asset Value
(1,615.88) (1,564.03) (1,425.27) (1,241.90) (1,143.02) (1,126.27) (1,108.77) (1,033.81) (964.38) (908.68)
EV/EBIT
54.90 42.37 39.05 33.09 45.86 42.26 41.88 33.00 38.00 41.47
Capex to Sales
0.33 0.70 0.79 0.48 0.23 0.25 0.59 0.57 0.50 0.40
Price to Operating Income
22.46 19.83 19.08 14.77 27.55 19.80 25.21 16.90 22.36 25.46
Other line items
Depreciation/Fixed assets
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04
Cash ROIC
0.19% (3.30%) (4.52%) 0.24% 3.70% 1.38% (1.31%) (1.25%) (0.72%) 0.22%
Accounts Receivable Turnover
5.19 5.03 4.58 4.28 3.87 3.84 4.36 4.21 4.24 4.18
Accounts Payable Turnover
2.04 1.40 1.34 1.88 2.47 1.96 1.71 2.00 2.49 2.15
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
158.21 233.82 310.00 243.13 151.37 152.36 221.77 212.91 154.33 145.69
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
55.87 53.49 56.18 57.49 61.79 58.61 53.09 53.97 53.42 51.93
Average Payables
41.39 51.59 50.00 34.27 24.97 29.79 33.81 27.77 21.98 24.26
Average Assets
2,144.54 2,060.27 1,913.72 1,790.03 1,696.17 1,631.96 1,572.91 1,474.97 1,382.74 1,319.22
Average Common Equity
304.19 317.78 328.12 341.14 294.01 250.44 251.79 229.16 203.18 183.49

Fold the line items

Columns are period end dates