NYSE$BFS

Saul Centers Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Operating results announced for the quarter ended September 30, 2021.

Saul Centers, Inc. reported increased total revenue and net income for the quarter ended September 30, 2021. Total revenue increased to $60.3 million from $56.8 million, and net income increased to $16.9 million from $11.6 million compared to the same quarter in 2020.

  • Total revenue for the 2021 Quarter increased to $60.3 million from $56.8 million for the quarter ended September 30, 2020.
  • Net income increased to $16.9 million for the 2021 Quarter from $11.6 million for the 2020 Quarter.
  • Net income available to common stockholders increased to $10.3 million ($0.44 per diluted share) for the 2021 Quarter from $6.6 million ($0.28 per diluted share) for the 2020 Quarter.
  • As of October 31, 2021, payments by tenants of contractual base rent and operating expense and real estate tax recoveries totaled approximately 98% for the 2021 Quarter.

Headline financials

Total Revenue

$60.3M

Previous: $56.8M+6.2%
EPS (adj)

$0.79

Previous: $0.72+9.7%
Commercial Portfolio Leased

92.5%

Previous: 94.0%-1.6%
Residential Portfolio Leased

97.8%

Previous: 73.9%+32.3%
Capital Expenditures

-$38.8M

Previous: -$48.4M+19.7%
Free Cash Flow

-$25.7M

Previous: -$39M+34.1%
Net Income

$13.1M

Previous: $9.37M+40.3%
Operating Income

$6.07M

Previous: $4.11M+47.4%
Gross Profit

$44.9M

Previous: $41.8M+7.3%
Cash & Equivalents

$11.9M

Previous: $54.3M-78.1%
Total Assets

$1.74B

Previous: $1.68B+3.5%
Stock-Based Comp

$294K

Previous: $290K+1.4%

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$60.3M

Q3 2021+6.2%vs Q3 2020
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Saul Centers · $60.3M total across 2 segments · Q3 2021

  • Shopping Centers
    $42.5M+5.3%
  • Mixed-Use Properties
    $17.8M+8.2%

Forward guidance

The Company believes that it has sufficient liquidity and flexibility to meet the needs of the Company's operations as the effects of the COVID-19 pandemic continue to evolve.

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 Q3 2021

Historical avgQ3 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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