earnings
confidence high
sentiment negative
materiality 0.55
Saul Centers Q4 2022 FFO per share down to $0.72 from $0.75; net income falls
SAUL CENTERS, INC.
- Total revenue $62.3M, up 3.5% YoY; net income $15.4M vs $15.9M in Q4 2021.
- Net income available to common $9.1M ($0.38 per share) vs $9.4M ($0.40) in prior year.
- FFO available to common and noncontrolling interests $24.7M ($0.72 diluted) vs $25.5M ($0.75).
- Same property revenue +3.5%, same property operating income +1.1%; commercial portfolio 93.2% leased.
- Full year 2022 FFO $103.2M ($3.04 diluted) vs $100.7M ($3.04 diluted) – flat on diluted basis.