NYSE$BFS

Saul Centers Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Operating results for the quarter ended December 31, 2022 were announced.

Saul Centers, Inc. reported an increase in total revenue to $62.3 million, while net income decreased to $15.4 million for the quarter ended December 31, 2022. Same property revenue increased by 3.5%, and same property operating income increased by 1.1% compared to the same quarter in the previous year. The commercial portfolio was 93.2% leased, and the residential portfolio was 97.2% leased as of December 31, 2022.

  • Total revenue increased to $62.3 million from $60.2 million in the 2021 quarter.
  • Net income decreased to $15.4 million compared to $15.9 million in the 2021 quarter.
  • Net income available to common stockholders was $9.1 million ($0.38 per basic and diluted share) compared to $9.4 million ($0.40 per basic and diluted share) for the 2021 Quarter.
  • Funds From Operations available to common stockholders and noncontrolling interests decreased to $24.7 million ($0.74 and $0.72 per basic and diluted share, respectively) from $25.5 million ($0.78 and $0.75 per basic and diluted share, respectively) in the 2021 Quarter.

Headline financials

Total Revenue

$62.3M

Previous: $60.2M+3.5%
EPS (adj)

$0.72

Previous: $0.75-4.0%
Capital Expenditures

$117M

Previous: $55.9M+109.2%
Free Cash Flow

-$87.7M

Previous: -$26.6M-230.5%
Net Income

$15.4M

Previous: $15.9M-2.9%
Operating Income

$45.6M

Previous: $45.2M+1.1%
Gross Profit

$45.6M

Previous: $45.2M+1.1%
Cash & Equivalents

$13.3M

Previous: $14.6M-9.0%
Total Assets

$1.83B

Previous: $1.75B+5.0%
Stock-Based Comp

$301K

Previous: $365K-17.5%

Revenue & EPS history

Saul Centers · Revenue · Quarterly

$62.3M

Q4 2022+3.5%vs Q4 2021
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Revenue by segment

Saul Centers · $62.3M total across 2 segments · Q4 2022

  • Shopping Centers
    $43.4M+1.6%
  • Mixed-Use Properties
    $18.9M+8.0%

Forward guidance

The company provided forward-looking statements regarding potential risks and uncertainties described in their Annual Report on Form 10-K.

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 2022

Historical avgQ4 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro