earnings
confidence high
sentiment positive
materiality 0.65
Saul Centers Q2 revenue $60M, net income $16.1M, FFO $0.82/share; commercial leased 92.5%
SAUL CENTERS, INC.
2021-Q2 EPS reported
$0.74
revenue$118,729,000
- Total revenue $60.0M, up 12.8% YoY; net income $16.1M vs $10.2M; diluted EPS $0.42 vs $0.24.
- FFO available to common & noncontrolling interests $26.0M ($0.82 basic) vs $20.0M ($0.64).
- Same property revenue +12.7%; same property operating income +14.9%. Shopping Center +$3.7M, Mixed-Use +$2.2M.
- Commercial portfolio leased 92.5% (down from 94.7%); residential 98.4% (up from 67.7%, boosted by Waycroft).
- Rent collections: 98% of Q2 billings paid; July 94% paid. Deferrals minimal (<0.3% of July billings).