secwatch.observer — SEC 8-K summary
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Issuer:     SAUL CENTERS, INC. (BFS)
CIK:        0000907254
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0000907254-26-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saul Centers Q4 net income drops to $8.2M; EPS $0.15; revenue up to $75.1M
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907254/000090725426000003/0000907254-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907254/000090725426000003/bfs-20260227.htm
  HTML page:      https://secwatch.observer/filing/0000907254-26-000003

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