Saul Centers Q4 2023 revenue $66.7M, FFO $0.79/share, same-property income up 8.8%

SAUL CENTERS, INC.

2023-FY EPS reported $1.73 revenue$257,207,000

Q4 net income $17.5M vs $15.4M; diluted EPS $0.43 vs $0.38.
FFO available to common and noncontrolling interests $26.9M ($0.79/share) vs $24.7M ($0.72).
Same property revenue +7.0%, same property operating income +8.8% in Q4.
Commercial portfolio 94.2% leased vs 93.2%; residential 98.0% vs 97.2%.
Full-year FFO $106.3M ($3.12 diluted) vs $103.2M ($3.04); revenue $257.2M vs $245.9M.

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