---
schema_version: "secwatch.filing_event.v1"
accession: "0000907254-26-000003"
form_type: "8-K"
ticker: "BFS"
cik: "0000907254"
company_name: "SAUL CENTERS, INC."
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:20:24.480997+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Saul Centers Q4 net income drops to $8.2M; EPS $0.15; revenue up to $75.1M

## Summary
- Revenue $75.1M vs $67.9M in Q4 2024; net income decreased to $8.2M from $10.4M.
- EPS (diluted) $0.15 vs $0.22; net income available to common stockholders $3.7M vs $5.3M.
- Hampden House opened Oct 1, 2025; 35.5% leased as of Feb 23, 2026; reduced net income by $5.1M including $2.8M lower capitalized interest.
- Same property revenue excluding $8.7M non-recurring payment rose 6.8%; same property NOI up 4.2%.
- Shopping Center same property NOI +1.3%; Mixed-Use same property NOI -32.2% (excl. non-recurring payment +9.2%).

## SEC filing metadata
- accession: 0000907254-26-000003
- form_type: 8-K
- ticker: BFS
- cik: 0000907254
- company_name: SAUL CENTERS, INC.
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907254/000090725426000003/0000907254-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907254/000090725426000003/bfs-20260227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000907254-26-000003
- JSON: https://secwatch.observer/filing/0000907254-26-000003.json
- Plain text: https://secwatch.observer/filing/0000907254-26-000003.txt

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