Saul Centers Declares $0.59 Quarterly Dividend per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2025
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Should l Buy BFS?
Source: Newsfilter
- Quarterly Dividend Maintained: Saul Centers has declared a quarterly dividend of $0.59 per share, unchanged from the previous quarter and the same quarter last year, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Preferred Stock Dividends Announced: The company also declared quarterly dividends for its 6.125% Series D and 6.000% Series E Cumulative Redeemable Preferred Stock, amounting to $0.3828125 and $0.3750000 per depositary share respectively, enhancing its appeal to preferred stock investors.
- Real Estate Portfolio Overview: Saul Centers operates a portfolio of 62 properties with approximately 10.5 million square feet of leasable area, generating over 85% of its operating income from the Washington, DC/Baltimore area, highlighting its strong market presence.
- Future Risk Advisory: The company outlined several potential risks, including adverse economic conditions, tenant bankruptcies, and financing risks, emphasizing a cautious operational strategy in the current economic environment.
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About BFS
Saul Centers, Inc. is a self-managed, self-administered equity real estate investment trust (REIT). The Company, which conducts all of its activities through its subsidiaries, the Operating Partnership and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties, primarily in the Washington, DC/Baltimore metropolitan area. The Company operates through two business segments: Shopping Centers and Mixed-Use Properties. The Company operates and manages a real estate portfolio comprised of approximately 62 properties, which includes 58 community and neighborhood shopping centers and mixed-use properties with approximately 10.2 million square feet of leasable area, and four land and development properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Saul Centers, Inc. (BFS) Announces 2025 Dividend Tax Treatment with 26.3% as Ordinary Income
- Total Dividends: In 2025, Saul Centers declared and paid four quarterly dividends totaling $2.36 per common share, reflecting the company's robust cash flow and commitment to shareholder returns.
- Tax Classification: Of this amount, 26.3% ($0.62 per share) is classified as ordinary income while 73.7% ($1.74 per share) is considered a return of capital, which will impact shareholders' tax liabilities.
- Preferred Stock Dividends: The dividends on preferred stock are entirely classified as ordinary income, providing clarity for preferred shareholders regarding their tax implications and enhancing investment attractiveness.
- REIT Operations: As a self-managed equity REIT, Saul Centers operates a portfolio of 62 properties, with over 85% of its operating income generated from the Washington, DC/Baltimore area, underscoring its competitive strength in this market.
See More
Saul Centers, Inc. Announces 2025 Dividend Tax Treatment with 26.3% as Ordinary Income
- Total Dividends: Saul Centers declared and paid four quarterly dividends on its common stock in 2025, totaling $2.36 per share, indicating the company's strong cash flow and commitment to shareholder returns.
- Tax Classification: Of the common stock dividends, 26.3% ($0.62 per share) is classified as ordinary income while 73.7% ($1.74 per share) is characterized as return of capital, which will affect shareholders' tax liabilities.
- Preferred Stock Dividends: The company also paid four dividends on its preferred stock, totaling $1.53125 per depositary share for the 6.125% Series D Preferred Stock and $1.50000 per depositary share for the 6.000% Series E Preferred Stock, both classified as ordinary income, enhancing investor yield expectations.
- REIT Operations: Saul Centers operates a portfolio of 62 properties, primarily in the Washington, DC/Baltimore area, generating over 85% of its operating income from this region, showcasing its strategic market positioning.
See More
Saul Centers Declares $0.59 Quarterly Dividend Per Share
- Quarterly Dividend Unchanged: Saul Centers has declared a quarterly dividend of $0.59 per share, consistent with both the previous quarter and the same quarter last year, indicating the company's ongoing ability to maintain cash flow stability despite economic uncertainties.
- Preferred Stock Dividend Announcement: The company also declared quarterly dividends for its 6.125% and 6.000% preferred stocks at $0.3828125 and $0.3750000 per depositary share respectively, reflecting the company's commitment to preferred shareholders and bolstering investor confidence.
- Real Estate Portfolio Overview: Saul Centers currently operates a portfolio of 62 properties with approximately 10.5 million square feet of leasable area, generating over 85% of its operating income from the Washington, DC/Baltimore area, showcasing its strong market presence.
- Future Risk Advisory: The company highlighted several potential risks in its statement, including economic downturns and the possibility of major tenant bankruptcies, emphasizing the challenges of maintaining dividends in the current economic environment.
See More
Saul Centers Declares $0.59 Quarterly Dividend per Share
- Quarterly Dividend Maintained: Saul Centers has declared a quarterly dividend of $0.59 per share, unchanged from the previous quarter and the same quarter last year, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Preferred Stock Dividends Announced: The company also declared quarterly dividends for its 6.125% Series D and 6.000% Series E Cumulative Redeemable Preferred Stock, amounting to $0.3828125 and $0.3750000 per depositary share respectively, enhancing its appeal to preferred stock investors.
- Real Estate Portfolio Overview: Saul Centers operates a portfolio of 62 properties with approximately 10.5 million square feet of leasable area, generating over 85% of its operating income from the Washington, DC/Baltimore area, highlighting its strong market presence.
- Future Risk Advisory: The company outlined several potential risks, including adverse economic conditions, tenant bankruptcies, and financing risks, emphasizing a cautious operational strategy in the current economic environment.
See More
Saul Centers, Inc. Reports Third Quarter 2025 Earnings
Operating Results: Saul Centers, Inc. reported a total revenue increase to $72.0 million for Q3 2025, up from $67.3 million in Q3 2024, but net income decreased to $14.0 million from $19.6 million due to initial operations of Twinbrook Quarter Phase I.
Leasing Status: As of November 3, 2025, 95.4% of the residential units at Twinbrook Quarter Phase I were leased, while the commercial portfolio was 94.5% leased, down from 95.7% a year prior.
Financial Performance: Funds from operations (FFO) available to common stockholders decreased to $25.3 million, or $0.72 per share, in Q3 2025, impacted by $2.5 million due to Twinbrook Quarter Phase I operations.
Year-to-Date Results: For the nine months ending September 30, 2025, total revenue rose to $214.7 million, but net income fell to $41.0 million, primarily due to the initial operations of Twinbrook Quarter Phase I, which adversely affected net income by $16.4 million.
See More
Potential for Increased Insider Buying at BFS Following New 52-Week Low
Stock Performance: Saul Centers Inc (BFS) reached a new 52-week low of $31.15, marking a 26.52% decline from its 52-week high of $42.39, necessitating a 36.08% gain to recover that high.
Insider Activity: Despite the stock's decline, there have been three instances of insider buying in the past six months, raising questions about potential future recovery as the stock trades slightly above its new low.
See More
Saul Centers, Inc. (BFS) Announces 2025 Dividend Tax Treatment with 26.3% as Ordinary Income
- Total Dividends: In 2025, Saul Centers declared and paid four quarterly dividends totaling $2.36 per common share, reflecting the company's robust cash flow and commitment to shareholder returns.
- Tax Classification: Of this amount, 26.3% ($0.62 per share) is classified as ordinary income while 73.7% ($1.74 per share) is considered a return of capital, which will impact shareholders' tax liabilities.
- Preferred Stock Dividends: The dividends on preferred stock are entirely classified as ordinary income, providing clarity for preferred shareholders regarding their tax implications and enhancing investment attractiveness.
- REIT Operations: As a self-managed equity REIT, Saul Centers operates a portfolio of 62 properties, with over 85% of its operating income generated from the Washington, DC/Baltimore area, underscoring its competitive strength in this market.
See More
Saul Centers, Inc. Announces 2025 Dividend Tax Treatment with 26.3% as Ordinary Income
- Total Dividends: Saul Centers declared and paid four quarterly dividends on its common stock in 2025, totaling $2.36 per share, indicating the company's strong cash flow and commitment to shareholder returns.
- Tax Classification: Of the common stock dividends, 26.3% ($0.62 per share) is classified as ordinary income while 73.7% ($1.74 per share) is characterized as return of capital, which will affect shareholders' tax liabilities.
- Preferred Stock Dividends: The company also paid four dividends on its preferred stock, totaling $1.53125 per depositary share for the 6.125% Series D Preferred Stock and $1.50000 per depositary share for the 6.000% Series E Preferred Stock, both classified as ordinary income, enhancing investor yield expectations.
- REIT Operations: Saul Centers operates a portfolio of 62 properties, primarily in the Washington, DC/Baltimore area, generating over 85% of its operating income from this region, showcasing its strategic market positioning.
See More
Saul Centers Declares $0.59 Quarterly Dividend Per Share
- Quarterly Dividend Unchanged: Saul Centers has declared a quarterly dividend of $0.59 per share, consistent with both the previous quarter and the same quarter last year, indicating the company's ongoing ability to maintain cash flow stability despite economic uncertainties.
- Preferred Stock Dividend Announcement: The company also declared quarterly dividends for its 6.125% and 6.000% preferred stocks at $0.3828125 and $0.3750000 per depositary share respectively, reflecting the company's commitment to preferred shareholders and bolstering investor confidence.
- Real Estate Portfolio Overview: Saul Centers currently operates a portfolio of 62 properties with approximately 10.5 million square feet of leasable area, generating over 85% of its operating income from the Washington, DC/Baltimore area, showcasing its strong market presence.
- Future Risk Advisory: The company highlighted several potential risks in its statement, including economic downturns and the possibility of major tenant bankruptcies, emphasizing the challenges of maintaining dividends in the current economic environment.
See More
Saul Centers Declares $0.59 Quarterly Dividend per Share
- Quarterly Dividend Maintained: Saul Centers has declared a quarterly dividend of $0.59 per share, unchanged from the previous quarter and the same quarter last year, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Preferred Stock Dividends Announced: The company also declared quarterly dividends for its 6.125% Series D and 6.000% Series E Cumulative Redeemable Preferred Stock, amounting to $0.3828125 and $0.3750000 per depositary share respectively, enhancing its appeal to preferred stock investors.
- Real Estate Portfolio Overview: Saul Centers operates a portfolio of 62 properties with approximately 10.5 million square feet of leasable area, generating over 85% of its operating income from the Washington, DC/Baltimore area, highlighting its strong market presence.
- Future Risk Advisory: The company outlined several potential risks, including adverse economic conditions, tenant bankruptcies, and financing risks, emphasizing a cautious operational strategy in the current economic environment.
See More
Saul Centers, Inc. Reports Third Quarter 2025 Earnings
Operating Results: Saul Centers, Inc. reported a total revenue increase to $72.0 million for Q3 2025, up from $67.3 million in Q3 2024, but net income decreased to $14.0 million from $19.6 million due to initial operations of Twinbrook Quarter Phase I.
Leasing Status: As of November 3, 2025, 95.4% of the residential units at Twinbrook Quarter Phase I were leased, while the commercial portfolio was 94.5% leased, down from 95.7% a year prior.
Financial Performance: Funds from operations (FFO) available to common stockholders decreased to $25.3 million, or $0.72 per share, in Q3 2025, impacted by $2.5 million due to Twinbrook Quarter Phase I operations.
Year-to-Date Results: For the nine months ending September 30, 2025, total revenue rose to $214.7 million, but net income fell to $41.0 million, primarily due to the initial operations of Twinbrook Quarter Phase I, which adversely affected net income by $16.4 million.
See More
Potential for Increased Insider Buying at BFS Following New 52-Week Low
Stock Performance: Saul Centers Inc (BFS) reached a new 52-week low of $31.15, marking a 26.52% decline from its 52-week high of $42.39, necessitating a 36.08% gain to recover that high.
Insider Activity: Despite the stock's decline, there have been three instances of insider buying in the past six months, raising questions about potential future recovery as the stock trades slightly above its new low.
See More
