NYSE$BFS

Saul Centers Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Second quarter earnings decreased compared to the same quarter last year.

Saul Centers, Inc. reported a decrease in total revenue and net income for the quarter ended June 30, 2020. Total revenue decreased to $53.2 million from $58.1 million, and net income decreased to $10.2 million from $16.8 million. The company was impacted by the initial operations of The Waycroft and higher credit losses on operating lease receivables and corresponding reserves.

  • Total revenue decreased to $53.2 million from $58.1 million.
  • Net income decreased to $10.2 million from $16.8 million.
  • Net income was adversely impacted by $4.6 million due to the initial operations of The Waycroft.
  • Same property revenue decreased $5.3 million (9.1%) and same property operating income decreased $4.4 million (9.9%).

Headline financials

Total Revenue

$53.2M

Previous: $58.1M-8.5%
EPS (adj)

$0.64

Previous: $0.82-22.0%
Commercial Portfolio Leased

94.7%

No prior period
Residential Portfolio Leased

67.7%

No prior period
Capital Expenditures

-$38.9M

Previous: -$68.6M+43.2%
Free Cash Flow

-$30.6M

Previous: -$55.3M+44.7%
Net Income

$8.33M

Previous: $13.2M-37.1%
Operating Income

-$3.55M

Previous: $2.82M-226.2%
Gross Profit

$39.5M

Previous: $44.2M-10.7%
Cash & Equivalents

$66.5M

Previous: $9.26M+617.5%
Total Assets

$1.69B

Previous: $1.57B+7.5%
Stock-Based Comp

$424K

No prior period

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$53.2M

Q2 2020-8.5%vs Q2 2019

Revenue by segment

Saul Centers · $53.2M total across 2 segments · Q2 2020

  • Shopping Centers
    $38.3M
  • Mixed-Use Properties
    $14.9M

Forward guidance

Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws.

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 Q2 2020

Historical avgQ2 2020

-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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