earnings
confidence high
sentiment positive
materiality 0.65
Saul Centers Q4 2021 net income up 36% to $15.9M; FFO per diluted share $0.75
SAUL CENTERS, INC.
2021-FY EPS reported
$1.57
revenue$239,225,000
- Total revenue $60.2M (+3.3% YoY); net income $15.9M vs $11.7M in Q4 2020.
- FFO available to common and noncontrolling interests $25.5M ($0.75 diluted) vs $22.1M ($0.71) YoY.
- Same-property operating income +5.6% for Q4; Shopping Center +4.9%, Mixed-Use +7.8%.
- Commercial portfolio 92.0% leased (flat YoY); residential (The Waycroft) 97.1% leased up from 85.5%.
- As of Feb 18, 2022 collected 99% of Q4 2021 rent and 97% of Jan 2022 rent.