earnings
confidence high
sentiment negative
materiality 0.75
Saul Centers Q4 2024 net income drops to $10.4M from $17.5M; EPS $0.22 vs $0.43 YoY
SAUL CENTERS, INC.
2024-FY EPS
reported $1.63
vs consensus $0.34
▲ beat
(+374.7%)
- Total revenue $67.9M, up from $66.7M in Q4 2023.
- Net income available to common shareholders $5.3M ($0.22/shr) vs $10.4M ($0.43/shr).
- Same property revenue fell 0.8%; same property operating income fell 2.5%.
- Twinbrook Quarter Phase 1 delivered Oct 1: 452 apartments + Wegmans; 202 units leased as of Feb 24.
- Initial Twinbrook operations reduced net income by $6.8M; lease termination fees fell $2.4M.