---
schema_version: "secwatch.filing_event.v1"
accession: "0000907254-25-000101"
form_type: "8-K"
ticker: "BFS"
cik: "0000907254"
company_name: "SAUL CENTERS, INC."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:44:51.986583+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saul Centers Q2 2025 net income down 27% to $14.2M; EPS $0.33 vs $0.48 YoY

## Summary
- Total revenue rose to $70.8M from $66.9M YoY, but net income fell to $14.2M from $19.5M.
- Net income available to common stockholders was $7.9M ($0.33/share), down from $11.6M ($0.48/share).
- Twinbrook Quarter Phase I startup reduced net income by $5.4M, including $3.5M lower capitalized interest.
- Same-property revenue decreased 2.2%; same-property NOI decreased 4.3% (impacted by $2.0M lower lease termination fees).
- Wegmans opened June 25, 2025; 86.1% of residential units leased/occupied as of August 4, 2025.

## SEC filing metadata
- accession: 0000907254-25-000101
- form_type: 8-K
- ticker: BFS
- cik: 0000907254
- company_name: SAUL CENTERS, INC.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907254/000090725425000101/0000907254-25-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907254/000090725425000101/bfs-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000907254-25-000101
- JSON: https://secwatch.observer/filing/0000907254-25-000101.json
- Plain text: https://secwatch.observer/filing/0000907254-25-000101.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.