NYSE$BFS
Saul Centers Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported an increase in total revenue but a decrease in net income due to initial operations of The Waycroft, higher credit losses, and lower lease termination fees.
Saul Centers, Inc. reported an increase in total revenue to $58.7 million but a decrease in net income to $12.8 million for the quarter ended March 31, 2021. The decrease in net income was primarily due to the initial operations of The Waycroft mixed-use development, higher credit losses on operating lease receivables, and lower lease termination fees. As of May 4, 2021, payments by tenants of contractual base rent and operating expense and real estate tax recoveries totaled approximately 96% for the 2021 Quarter.
- Total revenue increased to $58.7 million from $56.9 million year-over-year.
- Net income decreased to $12.8 million from $16.8 million year-over-year.
- Net income available to common stockholders decreased to $7.5 million ($0.32 per diluted share) from $10.5 million ($0.45 per diluted share) year-over-year.
- As of May 4, 2021, payments by tenants of contractual base rent and operating expense and real estate tax recoveries totaled approximately 96% for the 2021 Quarter.
Headline financials
Revenue & EPS history
Saul Centers · Revenue · Quarterly
$58.7M
Revenue by segment
Saul Centers · $58.7M total across 2 segments · Q1 2021
- Shopping Centers$42.4M+2.1%72.3%
- Mixed-Use Properties$16.3M+5.9%27.7%
Forward guidance
The company believes that it has sufficient liquidity and flexibility to meet the needs of the Company's operations as the effects of the COVID-19 pandemic continue to evolve.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.4%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+1.4%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+5.2%
Q1 2019
Best reaction
-9.7%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -0.2% | +6.2% | |
| Q4 2025 | +1.1% | +1.1% | -4.1% | |
| Q3 2025 | +2.4% | -0.9% | +1.2% | |
| Q1 2025 | -0.2% | -5.3% | +0.5% | |
| Q4 2024 | -1.9% | -3.7% | -3.7% | |
| Q3 2024 | +2.2% | -0.6% | -2.4% | |
| Q2 2024 | -1.8% | -4.1% | +3.2% | |
| Q1 2024 | -2.3% | -1.4% | -1.2% | |
| Q4 2023 | +3.7% | +3.7% | +7.6% | |
| Q3 2023 | +4.9% | +1.4% | +9.2% | |
| Q2 2023 | -4.0% | -1.6% | -2.4% | |
| Q1 2023 | -3.7% | -5.5% | +2.2% | |
| Q4 2022 | +2.2% | -3.5% | -2.2% | |
| Q3 2022 | -5.3% | +3.4% | -0.0% | |
| Q2 2022 | -2.2% | -6.3% | -12.6% | |
| Q1 2022 | -3.7% | -8.6% | -7.4% | |
| Q4 2021 | +2.5% | -0.3% | +8.9% | |
| Q3 2021 | +3.8% | +4.4% | +3.0% | |
| Q2 2021 | +4.9% | +4.3% | +2.1% | |
| Q1 2021 | +2.5% | -0.1% | +3.4% | |
| Q4 2020 | -7.1% | -5.8% | +7.6% | |
| Q3 2020 | -3.5% | +18.8% | +35.6% | |
| Q2 2020 | +2.2% | +5.0% | -8.4% | |
| Q1 2020 | -2.8% | -4.9% | +25.8% | |
| Q4 2019 | -9.7% | -8.7% | -31.5% | |
| Q3 2019 | -1.5% | -3.6% | -2.8% | |
| Q2 2019 | +3.3% | +1.4% | -1.5% | |
| Q1 2019 | +5.2% | +1.4% | +0.4% | |
| Q4 2018 | -0.5% | +0.8% | -8.6% | |
| Q3 2018 | +3.1% | +6.4% | +10.2% | |
| Q2 2018 | +3.0% | +3.0% | +12.6% | |
| Q1 2018 | -0.5% | -0.7% | +0.5% | |
| Q4 2017 | -4.8% | -3.5% | -0.8% | |
| Q3 2017 | -2.1% | -1.5% | +4.2% | |
| Q2 2017 | +1.1% | +0.4% | +2.4% | |
| Q1 2017 | -1.8% | -3.2% | -2.9% | |
| Q4 2016 | -1.3% | -3.4% | -1.5% | |
| Q3 2016 | -1.5% | -2.2% | +3.2% | |
| Q2 2016 | -2.3% | -1.4% | -1.1% | |
| Q1 2016 | +4.1% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +2.1% | — | — | |
| Q4 2013 | +3.9% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q4 2012 | -3.4% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -3.9% | — | — | |
| Q2 2010 | -1.1% | — | — | |
| Q2 2011 | -1.1% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q1 2010 | -3.3% | — | — |
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