NYSE$BFS

Saul Centers Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported increased revenue and net income compared to the same quarter last year.

Saul Centers, Inc. reported an increase in total revenue to $66.9 million for the second quarter of 2024, compared to $63.7 million for the second quarter of 2023. Net income also increased to $19.5 million from $17.2 million over the same period. FFO available to common stockholders and noncontrolling interests increased to $28.5 million, or $0.83 per basic and diluted share, compared to $26.5 million, or $0.79 and $0.78 per basic and diluted share, respectively, in the 2023 Quarter.

  • Total revenue increased to $66.9 million from $63.7 million year-over-year.
  • Net income increased to $19.5 million from $17.2 million year-over-year.
  • Net income available to common stockholders increased to $11.6 million, or $0.48 per share, from $10.4 million, or $0.43 per share, year-over-year.
  • FFO available to common stockholders and noncontrolling interests increased to $28.5 million, or $0.83 per share, from $26.5 million, or $0.79 per share, year-over-year.

Headline financials

Total Revenue

$66.9M

Previous: $63.7M+5.1%
EPS

$0.48

Previous: $0.78-38.5%
Commercial Portfolio Leased

95.8%

Previous: 94.0%+1.9%
Residential Portfolio Leased

99.4%

Previous: 99.2%+0.2%
Capital Expenditures

-$90.4M

Previous: -$99.4M+9.0%
Free Cash Flow

-$75.9M

Previous: -$86.2M+11.9%
Net Income

$14.4M

Previous: $13.2M+9.8%
Operating Income

$21.9M

Previous: $19.6M+11.6%
Gross Profit

$49.7M

Previous: $47.3M+5.1%
Cash & Equivalents

$6.86M

Previous: $11.5M-40.2%
Total Assets

$2.07B

Previous: $1.91B+8.6%
Stock-Based Comp

$505K

Previous: $553K-8.7%

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$66.9M

Q2 2024+5.1%vs Q2 2023
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Saul Centers · $63.8M total across 2 segments · Q3 2023

  • Shopping Centers
    $44M+3.6%
  • Mixed-Use Properties
    $19.8M+6.1%

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 2024

Historical avgQ2 2024

-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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