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Saul Centers, Inc. (BFS)

Saul Centers, Inc. brought in $308.6M of revenue over the twelve months to September 30, 2026, up 9.2% from a year earlier. Net income was $33.8M, a net margin of 11.0%. At September 30, 2026 it held $8.5M in cash against $1.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.

Free, no password. An email when BFS files with the SEC.

Price
$28.81
+0.95% on the day · November 9, 2026
52-week range $28.27 to $38.42
Market cap
$712.1M
Revenue (last 12 months)
$308.6M
+9.2% year on year
Net margin
11.0%
P/E
26.4
on FY2025 diluted EPS

Key facts about Saul Centers, Inc.

Net worth
Saul Centers, Inc. has a market value (market cap) of $712.1M at the latest share price, and shareholders' equity of $291.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $289.8M (+7.8% year on year), with net income of $37.5M. Over the 12 months to September 30, 2026: revenue $308.6M, net income $33.8M.
Cash flow
In fiscal 2025 operations brought in $99.8M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Saul Centers, Inc.'s next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Dividend
Saul Centers, Inc. paid dividends of $2.36 per share in fiscal 2025, a yield of 8.19% at the current price.

What Saul Centers, Inc. does

Saul Centers, Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker BFS.

Revenue and profit by year

Revenue
FY18: $227.2M $227.2M FY18FY19: $231.5M $231.5M FY19FY20: $225.2M $225.2M FY20FY21: $239.2M $239.2M FY21FY22: $245.9M $245.9M FY22FY23: $257.2M $257.2M FY23FY24: $268.8M $268.8M FY24FY25: $289.8M $289.8M FY25
Net income
FY18: $50.6M $50.6M FY18FY19: $51.7M $51.7M FY19FY20: $40.4M $40.4M FY20FY21: $48.4M $48.4M FY21FY22: $50.2M $50.2M FY22FY23: $52.7M $52.7M FY23FY24: $50.6M $50.6M FY24FY25: $37.5M $37.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$289.8M$195.3M$37.5M$1.09n/a
2024$268.8M$203.8M$50.6M$1.63n/a
2023$257.2M$189.4M$52.7M$1.73n/a
2022$245.9M$180.5M$50.2M$1.63$4.3M
2021$239.2Mn/a$48.4M$1.57$62.5M
2020$225.2Mn/a$40.4M$1.25$22.2M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 26, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 27, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where BFS ranks in Real estate

Revenue$289.8M
#123 of 232 in Real estate · Bottom 47%
Revenue growth+7.8%
#69 of 207 in Real estate · Top 33%
Net margin12.9%
#86 of 210 in Real estate · Top 41%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Real estate

Dividends

Saul Centers, Inc. paid $2.36 per share in fiscal 2025. At the current price that is a yield of 8.19%. It paid out $57.1M in cash dividends, 152% of its net income.

Fiscal yearPer sharePaid outOf profit
2025$2.36$57.1M152%
2024$2.36$56.9M112%
2023$0.59$56.7M108%
2022$2.32$55.5M111%
2021$2.16$51M105%
2020$2.12$49.4M122%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Saul Centers, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.9% to $78.4M versus the same quarter last year; diluted EPS $0.27 versus $0.32.
  2. November 5, 2026
  3. October 30, 2026
  4. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 8.4% to $76.8M versus the same quarter last year; diluted EPS $0.24 versus $0.33.
  5. August 6, 2026
  6. May 11, 2026
  7. May 7, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 8.9% to $78.3M versus the same quarter last year; diluted EPS $0.26 versus $0.29.
  8. May 7, 2026
  9. April 29, 2026
  10. March 27, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 1, 2026. Insider transactions on SEC

Insider trades

What the people running Saul Centers, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $3.7K worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$3.7K
last 90 days
Sold
$0
last 90 days
Net bought
200
$3.7K
DateInsiderWhatSharesPriceValueFiling
September 28, 2026 Friedman Joel AlbertExec VP, CAO & Treasurer Bought 200 $18.53 $3.7K Form 4
May 28, 2026 Pearson David ToddPresident & COO, Director Bought 2,600 $34.75 $90.3K Form 4
May 17, 2026 Saul B Francis IIChairman & CEO, Director, 10% owner Received as pay 572 $33.00 $18.9K Form 4
May 17, 2026 Collich JohnSr. VP, Chief Acq. & Dev. Off. Shares withheld for tax 98 $33.00 $3.2K Form 4
May 17, 2026 Collich JohnSr. VP, Chief Acq. & Dev. Off. Received as pay 30 $33.00 $990 Form 4
May 17, 2026 Friedman Joel AlbertExec VP, CAO & Treasurer Shares withheld for tax 130 $33.00 $4.3K Form 4
May 17, 2026 Friedman Joel AlbertExec VP, CAO & Treasurer Received as pay 40 $33.00 $1.3K Form 4
May 17, 2026 Hachey Donald ASVP-Chief Construction Officer Shares withheld for tax 93 $33.00 $3.1K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns BFS

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
T. Rowe Price Investment Management, Inc.13G, passive 5.6% 1,356,292 November 14, 2024
Vanguard Portfolio Management13G, passive 5.41% 1,326,494 April 29, 2026

Latest filings below 5%: The Vanguard Group 0% (March 27, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 194 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.2,254,667$84.3M+141,990
Vanguard Portfolio Management LLC1,302,765$48.7M-13,515
Adage Capital Partners GP, L.L.C.723,198$27M-11,603
State Street Corp570,914$21.3M+51,504
Vanguard Capital Management LLC550,628$20.6M-32,655
Principal Financial Group Inc416,391$15.6M-182,803
Geode Capital Management, LLC361,256$13.5M+25,608
Morgan Stanley342,206$12.8M+79,488
Ameriprise Financial Inc235,690$8.8M+24,432
Dimensional Fund Advisors LP202,295$7.6M+50
Renaissance Technologies LLC177,074$6.6M-9,400
Northern Trust Corp160,294$6M+11,145
Invesco Ltd.157,772$5.9M-3,716
Charles Schwab Investment Management Inc137,612$5.1M+3,203
Bank of New York Mellon Corp120,616$4.5M+4,381
Nuveen, LLC98,475$3.7M+68,731
Cary Street Partners Financial LLC96,630$3.6M+4,430
Jpmorgan Chase & Co94,508$3.6M+6,260
Goldman Sachs Group Inc94,476$3.5M+14,776
Vanguard Fiduciary Trust Co90,866$3.4M+4,081

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

20 insiders reported holding 597,339 shares in total, about $17.2M at the last price.

HolderSharesAs of
Saul B Francis IIChairman & CEO, Director, 10% owner 264,292 May 17, 2026
Pearson David ToddPresident & COO, Director 79,321 May 28, 2026
Caraci Philip DDirector 55,416 May 8, 2026
Collich JohnSr. VP, Chief Acq. & Dev. Off. 53,134 May 17, 2026
Saul Patricia E.Vice Chair, Director 23,585 May 17, 2026
Clancy George Patrick JrDirector 22,605 May 8, 2026
Heard Carlos LawrenceSenior Vice President & CFO 12,233 May 17, 2026
Saul Andrew M. IIDirector 10,800 May 8, 2026
Sullivan Mark IIIDirector 10,400 May 8, 2026
Guevara Bettina T.Exec. VP /Chf Legal & Adm Off 9,509 May 17, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about BFS

What does Saul Centers, Inc. do?

Saul Centers, Inc. is a company in the Real estate sector, listed on NYSE as BFS. Its shares trade on NYSE under the ticker BFS.

What is Saul Centers, Inc.'s net worth?

Saul Centers, Inc. has a market value (market cap) of $712.1M at the latest share price, and shareholders' equity of $291.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Saul Centers, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $33.8M on revenue of $308.6M, a net margin of 11.0%.

How much revenue does Saul Centers, Inc. make?

Over the twelve months to September 30, 2026 Saul Centers, Inc. reported revenue of $308.6M. That is 9.2% more than a year earlier.

When did Saul Centers, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.

When is Saul Centers, Inc.'s next earnings report?

Saul Centers, Inc.'s next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

Does Saul Centers, Inc. pay a dividend?

Yes. Saul Centers, Inc. paid dividends of $2.36 per share in fiscal 2025, a yield of 8.19% at the current price.

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Where the numbers come from

Financial figures are the values Saul Centers, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.