BFS.PRE Stock Overview

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. More details

BFS.PRE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	0/6
Dividends	6/6

Rewards

Trading at 2.4% below our estimate of its fair value

Earnings grew by 11% over the past year

Pays a high and reliable dividend of 6.17%

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 14.9% per year for the next 3 years

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Saul Centers, Inc. Competitors

Alexander's

NYSE:ALX

US$1.0b

CBL & Associates Properties

NYSE:CBL

US$904.5m

Whitestone REIT

NYSE:WSR

US$726.9m

SITE Centers

NYSE:SITC

US$801.7m

Price History & Performance

Summary of share price highs, lows and changes for Saul Centers
Historical stock prices
Current Share Price	US$21.50
52 Week High	US$24.06
52 Week Low	US$19.52
Beta	1.11
1 Month Change	-7.65%
3 Month Change	-9.32%
1 Year Change	-4.78%
3 Year Change	-20.81%
5 Year Change	-18.81%
Change since IPO	-14.10%

Recent updates

Shareholder Returns

	BFS.PRE	US Retail REITs	US Market
7D	0.5%	-0.5%	-2.6%
1Y	-4.8%	8.8%	24.5%

Return vs Industry: BFS.PRE underperformed the US Retail REITs industry which returned 8.8% over the past year.

Return vs Market: BFS.PRE underperformed the US Market which returned 24.5% over the past year.

Price Volatility

Is BFS.PRE's price volatile compared to industry and market?
BFS.PRE volatility
BFS.PRE Average Weekly Movement	3.2%
Retail REITs Industry Average Movement	2.6%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: BFS.PRE has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BFS.PRE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	137	Bernard Saul	www.saulcenters.com

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties. Over 85% of the Company's property operating income is generated from properties in the metropolitan Washington, DC/Baltimore area.

Saul Centers, Inc. Fundamentals Summary

How do Saul Centers's earnings and revenue compare to its market cap?
BFS.PRE fundamental statistics
Market cap	US$1.31b
Earnings (TTM)	US$44.57m
Revenue (TTM)	US$267.61m

20.7x

P/E Ratio

3.5x

P/S Ratio

Is BFS.PRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BFS.PRE income statement (TTM)
Revenue	US$267.61m
Cost of Revenue	US$70.21m
Gross Profit	US$197.39m
Other Expenses	US$152.82m
Earnings	US$44.57m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.84
Gross Margin	73.76%
Net Profit Margin	16.66%
Debt/Equity Ratio	293.5%

How did BFS.PRE perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

61%

Payout Ratio

Does BFS.PRE pay a reliable dividends?

See BFS.PRE dividend history and benchmarks

When do you need to buy BFS.PRE by to receive an upcoming dividend?
Saul Centers dividend dates
Ex Dividend Date	Jan 02 2025
Dividend Pay Date	Jan 15 2025
Days until Ex dividend	1 day
Days until Dividend pay date	12 days

Does BFS.PRE pay a reliable dividends?

See BFS.PRE dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/03 02:28
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Saul Centers, Inc. is covered by 8 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jonathan Pong	Baird
John Massocca	B. Riley Securities, Inc.
Craig Kucera	B. Riley Securities, Inc.