NYSE$BFS
Saul Centers Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Saul Centers Inc reported Q2 2025 results with total revenue of $70.8 million and net income of $14.2 million.
Saul Centers Inc delivered total revenue of $70.8 million for the three months ended June 30, 2025, up 5.8% year-over-year, driven by contributions from Twinbrook Quarter Phase I. Net income attributable to common stockholders was $7.9 million or $0.33 per share. The company continued development of mixed-use projects while maintaining a commercial portfolio leased rate of 94.0%.
- Total revenue reached $70.8 million, including $2.9 million from new operations at Twinbrook Quarter Phase I.
- Net income of $14.2 million reflected a $5.4 million adverse impact from initial Twinbrook Quarter Phase I operations.
- Commercial portfolio was 94.0% leased at quarter end, with 101,817 square feet of signed but unoccupied space expected to generate $3.8 million in additional annualized base rent.
- Development continued at Twinbrook Quarter Phase I (86.1% leased) and Hampden House, with remaining investment capped at $29.0 million excluding capitalized interest.
Headline financials
Revenue & EPS history
Saul Centers · Revenue · Quarterly
$70.8M
Revenue by segment
Saul Centers · $68.1M total across 2 segments · Q2 2025
- Shopping Centers$45.6M—66.9%
- Mixed-Use Properties$22.5M—33.1%
Forward guidance
Development of Twinbrook Quarter Phase I and Hampden House continues with limited remaining capital expenditures.
Tailwinds
- Twinbrook Quarter Phase I residential 86.1% leased; retail 95.7% leased with Wegmans open.
- Hampden House progressing toward opening later in 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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