NYSE$BFS

Saul Centers Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income compared to the same quarter last year.

Saul Centers, Inc. reported an increase in total revenue to $63.0 million and net income to $17.7 million for the first quarter of 2023. The company's commercial portfolio was 93.9% leased, and the residential portfolio was 98.2% leased as of March 31, 2023.

  • Total revenue increased to $63.0 million from $62.1 million year-over-year.
  • Net income increased to $17.7 million from $17.5 million year-over-year.
  • Net income available to common stockholders increased to $10.7 million, or $0.45 per basic and diluted share.
  • FFO available to common stockholders and noncontrolling interests was $26.9 million, or $0.81 per basic share.

Headline financials

Total Revenue

$63M

Previous: $62.1M+1.5%
EPS (adj)

$0.79

Previous: $0.80-1.3%
Commercial Portfolio Leased

93.9%

Previous: 92.5%+1.5%
Residential Portfolio Leased

98.2%

Previous: 96.8%+1.4%
Capital Expenditures

-$43.2M

Previous: -$16.9M-155.8%
Free Cash Flow

-$29.7M

Previous: -$3.5M-746.5%
Net Income

$13.5M

Previous: $13.4M+1.0%
Operating Income

$30.5M

Previous: $29.2M+4.4%
Gross Profit

$46.8M

Previous: $45.2M+3.5%
Cash & Equivalents

$11.8M

Previous: $12.3M-4.1%
Total Assets

$1.87B

Previous: $1.76B+6.4%
Stock-Based Comp

$290K

Previous: $286K+1.4%

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$63M

Q1 2023+1.5%vs Q1 2022
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Saul Centers · $63M total across 2 segments · Q1 2023

  • Shopping Centers
    $44.2M+0.3%
  • Mixed-Use Properties
    $18.8M+4.3%

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 2023

Historical avgQ1 2023

-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

Earnings price reactions
QuarterReport dateReaction (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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