NYSE$BFS

Saul Centers Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in total revenue but a decrease in net income for the fourth quarter of 2020.

Saul Centers, Inc. reported an increase in total revenue to $58.3 million but a decrease in net income to $11.7 million for the fourth quarter ended December 31, 2020. The Waycroft's initial operations and higher credit losses on operating lease receivables negatively impacted net income. As of February 23, 2021, 94% of total billings have been paid by tenants.

  • Total revenue increased to $58.3 million from $56.6 million year-over-year.
  • Net income decreased to $11.7 million from $15.0 million year-over-year, impacted by The Waycroft and higher credit losses.
  • Net income available to common stockholders was $6.6 million ($0.28 per diluted share) compared to $6.5 million ($0.27 per diluted share) year-over-year.
  • Funds From Operations (FFO) available to common stockholders increased to $22.1 million ($0.71 per diluted share) from $19.8 million ($0.64 per diluted share) year-over-year.

Headline financials

Total Revenue

$58.3M

Previous: $56.6M+3.0%
EPS (adj)

$0.71

Previous: $0.27+163.0%
Commercial Portfolio Leased

92.5%

Previous: 95.0%-2.6%
Residential Portfolio Leased

85.5%

Previous: 96.3%-11.2%
Capital Expenditures

$56.2M

Previous: $136M-58.6%
Free Cash Flow

-$34.6M

Previous: -$102M+66.2%
Net Income

$11.7M

Previous: $15M-22.2%
Operating Income

$23.8M

Previous: $42.4M-43.9%
Gross Profit

$42.8M

Previous: $42.4M+0.9%
Cash & Equivalents

$26.9M

Previous: $13.9M+93.1%
Total Assets

$1.65B

Previous: $1.62B+1.7%
Stock-Based Comp

$297K

Previous: $358K-17.0%

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$58.3M

Q4 2020+3%vs Q4 2019
Beat estimate in 2 of 2 quarters(100%)
ActualEstimate

Revenue by segment

Saul Centers · $58.3M total across 2 segments · Q4 2020

  • Shopping Centers
    $41.6M+1.1%
  • Mixed-Use Properties
    $16.7M+8.1%

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 Q4 2020

Historical avgQ4 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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