Saul Centers Q3 2021 revenue up to $60.3M; diluted EPS $0.44 vs $0.28 YoY

SAUL CENTERS, INC.

2021-Q3 EPS reported $1.17 revenue$178,985,000

Net income available to common $10.3M ($0.44 diluted) vs $6.6M ($0.28) in prior-year quarter.
FFO (diluted) $0.79 per share vs $0.72; same-property revenue +6.2%, operating income +7.3%.
Commercial portfolio leased 92.5% (down from 94.0% YoY); residential 97.8% (up from 73.9% due to Waycroft).
COVID-19 rent collections improved to 98% for Q3 2021; deferred rent collected $4.5M of $4.6M due.

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