Saul Centers Q1 2022 net income up to $17.5M; FFO $0.81/diluted share

SAUL CENTERS, INC.

2022-Q1 EPS reported $0.44 revenue$62,144,000

Revenue $62.1M (+5.8% YoY); net income $17.5M vs $12.8M; diluted EPS $0.44 vs $0.32.
FFO available to common & noncontrolling interests $27.0M ($0.81 diluted) vs $22.7M ($0.72).
Same property operating income up $3.0M (7.1%) YoY; shopping centers +$1.6M, mixed-use +$1.3M.
Commercial portfolio 92.5% leased vs 92.2% year-ago; Q1 rent collections at 98% as of Apr 30.

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