---
schema_version: "secwatch.filing_event.v1"
accession: "0000907254-26-000031"
form_type: "8-K"
ticker: "BFS"
cik: "0000907254"
company_name: "SAUL CENTERS, INC."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:23:40.282235+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Saul Centers Q1 2026: revenue $78.3M (+9% YoY); diluted EPS $0.26 vs $0.29; Hampden House occupancy 45.6%

## Summary
- Total revenue $78.3M (up from $71.9M); net income $12.0M (down from $12.8M) due to Hampden House initial operations.
- Diluted EPS $0.26 vs $0.29; net income available to common stockholders $6.3M vs $7.0M.
- Hampden House opened Oct 2025 with 366 units; as of May 4, 2026: 45.6% residential leased, 85.1% retail space leased.
- Same property revenue +7.4%, same property NOI +9.0%; Shopping Center NOI +3.4%, Mixed-Use NOI +24.9%.
- Hampden House negatively impacted net income by $4.8M, including $2.8M reduction in capitalized interest.

## SEC filing metadata
- accession: 0000907254-26-000031
- form_type: 8-K
- ticker: BFS
- cik: 0000907254
- company_name: SAUL CENTERS, INC.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907254/000090725426000031/0000907254-26-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907254/000090725426000031/bfs-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000907254-26-000031
- JSON: https://secwatch.observer/filing/0000907254-26-000031.json
- Plain text: https://secwatch.observer/filing/0000907254-26-000031.txt

## Source-grounded claims
- claim_id: 0d49334d6037aa463a5283fa69b5f78c501d0e6e
  claim: SAUL CENTERS, INC. reported quarter ended March 31, 2026 results: revenue $78.3 million, net income $12.0 million, EPS $0.26 per basic and diluted share.
  evidence_excerpt: Saul Centers, Inc. (NYSE: BFS) (the "Company"), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended March 31, 2026 ("2026 Quarter"). Total revenue for the 2026 Quarter increased to $78.3 million from $71.9 million for the quarter ended March 31, 2025 ("2025 Quarter"). Net income decreased to $12.0 million for the 2026 Quarter from $12.8 million for the 2025 Quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/907254/000090725426000031/0000907254-26-000031-index.htm

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