NYSE$BFS

Saul Centers Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an increase in revenue and net income compared to the same quarter last year, driven by growth in occupancy and lower credit losses.

Saul Centers, Inc. reported a strong second quarter with increased total revenue and net income. The Waycroft mixed-use development's increased occupancy significantly contributed to the favorable results. Same property revenue and operating income also saw increases compared to the previous year.

  • Total revenue increased to $60.0 million from $53.2 million year-over-year.
  • Net income increased to $16.1 million from $10.2 million year-over-year.
  • Net income available to common stockholders increased to $9.9 million ($0.42 per diluted share) from $5.5 million ($0.24 per diluted share) year-over-year.
  • Same property revenue increased by $6.8 million (12.7%) compared to the same period last year.

Headline financials

Total Revenue

$60M

Previous: $53.2M+12.7%
EPS (adj)

$0.79

Previous: $0.64+23.4%
Commercial Portfolio Leased

92.5%

Previous: 94.7%-2.3%
Residential Portfolio Leased

98.4%

Previous: 67.7%+45.3%
Capital Expenditures

-$27.5M

Previous: -$38.9M+29.4%
Free Cash Flow

-$14.7M

Previous: -$30.6M+51.8%
Net Income

$12.7M

Previous: $8.33M+53.0%
Operating Income

$17.5M

Previous: -$3.55M+592.9%
Gross Profit

$45.3M

Previous: $39.5M+14.9%
Cash & Equivalents

$14.9M

Previous: $66.5M-77.6%
Total Assets

$1.74B

Previous: $1.69B+3.0%
Stock-Based Comp

$580K

Previous: $424K+36.8%

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$60M

Q2 2021+12.7%vs Q2 2020
Beat estimate in 3 of 4 quarters(75%)
ActualEstimate

Revenue by segment

Saul Centers · $60M total across 2 segments · Q2 2021

  • Shopping Centers
    $42M+9.6%
  • Mixed-Use Properties
    $18M+20.9%

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 2021

Historical avgQ2 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

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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