Saul Centers, Inc.

NYSE:BFS Stock Report

Market Cap: US$1.1b

Saul Centers Dividends and Buybacks

Dividend criteria checks 6/6

Saul Centers is a dividend paying company with a current yield of 7.81% that is well covered by earnings. Next payment date is on 30th October, 2026 with an ex-dividend date of 15th October, 2026.

Key information

7.8%

Dividend yield

-0.5%

Buyback Yield

Total Shareholder Yield7.4%
Future Dividend Yield7.8%
Dividend Growth2.7%
Next dividend pay date30 Oct 26
Ex dividend date15 Oct 26
Dividend per sharen/a
Payout ratio71%

Recent dividend and buyback updates

Recent updates

Seeking Alpha • Sep 20

Saul Centers: Leverage Is Too High Here (Rating Downgrade)

Summary Saul Centers is downgraded to a soft 'sell' due to persistently high leverage and limited upside despite solid fundamentals. Revenue and EBITDA are growing, but net income and key cash flow metrics are mixed, with leverage rising to a net ratio of 9.13. BFS trades at a discount to peers on price to operating cash flow, but its elevated debt justifies this valuation gap. Rising interest rates pose additional risk, with significant debt maturities approaching in 2028 and 2029 despite mostly fixed-rate liabilities. Read the full article on Seeking Alpha
Seeking Alpha • Mar 06

Saul Centers: Mixed Q4 And DC Headwinds Limit Upside

Summary Saul Centers has underperformed over the past decade, with shares losing 35% and facing headwinds from federal government downsizing in the DC/Baltimore area. The company’s Q4 results were impacted by project accounting, with a significant increase in costs due to the completion of Twinbrook Quarter Phase 1. High occupancy rates are offset by cost inflation and office space weakness, limiting the potential for same property growth and dividend increases. The large Saul family stake and lack of investor outreach hinder institutional demand, making meaningful multiple expansion unlikely; accordingly, shares are rated as a "hold." Read the full article on Seeking Alpha
Seeking Alpha • Dec 04

Saul Centers: Access To Affluent Shoppers Will Fuel Growth

Summary Saul Centers, a mid-cap REIT, is now trading at a discount, making it an attractive investment for its Washington DC properties. The company has a strong dividend yield of 6% and stable growth potential, primarily through rental rate increases. Saul's high insider ownership and low market communication make it unique, but also slightly riskier due to high leverage. Overall, Saul Centers is a potential buy, especially if it becomes cheaper or shows signs of imminent M&A activity. Read the full article on Seeking Alpha
Seeking Alpha • Aug 02

Saul Centers: A 6% Yielding Shopping Center REIT Great For Income-Oriented Investors

Summary Saul Centers is a reliable income option for income-oriented investors, offering a decent yield of roughly 6% and solid fundamentals. Despite a flat share price, Saul Centers has strong dividend coverage, growth potential, and an attractive valuation for long-term income-focused investors. The REIT's well-laddered debt maturities, strong dividend profile, and potential for growth make it a solid choice for long-term income investors. Risks with Saul Centers include their upcoming lease expirations in 2025 and their office properties leasing average below their 10-year average. Wall Street rates Saul Centers a strong buy with a price target of $43.50. Read the full article on Seeking Alpha
Seeking Alpha • Mar 13

Saul Centers: An Overlooked Shopping Center REIT Income Investors Should Consider

Summary Saul Centers is a shopping center REIT with a portfolio of 61 properties, primarily located in the Northeastern US, with a focus on the metropolitan Baltimore/D.C. area. The company has shown resilience in the face of economic challenges, with increased revenue, net income, and FFO year-over-year. Saul Centers is focusing on apartment development, which is expected to strengthen its financials and cater to the growing demand for rentals. The company's balance sheet also remain strong with well-laddered debt maturities, with only $50 million debt maturing in 2024 and even less in 2025. However, they do face a decent amount of leases expiring over the next two years, which account for a sizable portion of annualized base rent. Read the full article on Seeking Alpha
Seeking Alpha • Sep 21

Saul Centers: Safe Yield, Attractive Upside

Summary Saul Centers is a retail REIT that focuses on the acquisition, development, and management of shopping centers, as well as mixed-use assets. Despite the lack of specific growth drivers, the market in which it operates along with its resilient tenant base can preserve present profitability. Given its high but safe dividend yield and significant NAV discount, BFS represents a get-paid-to-wait opportunity. Read the full article on Seeking Alpha

Upcoming Dividend Payment

TodaySep 22 2026Ex Dividend DateOct 15 2026Dividend Pay DateOct 30 202615 days from Ex DividendBuy in the next 23 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: BFS's dividends per share have been stable in the past 10 years.

Growing Dividend: BFS's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

Saul Centers Dividend Yield vs Market
How does BFS dividend yield compare to the market?
SegmentDividend Yield
Company (BFS)7.8%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Retail REITs)4.7%
Analyst forecast (BFS) (up to 3 years)7.8%

Notable Dividend: BFS's dividend (7.81%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: BFS's dividend (7.81%) is in the top 25% of dividend payers in the US market (4.17%)

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70.9%), BFS's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81.9%), BFS's dividend payments are covered by cash flows.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 07:36
End of Day Share Price 2026/09/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 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 Github.

Analyst Sources

Saul Centers, Inc. is covered by 7 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.

AnalystInstitution
Jonathan PongBaird
Christopher LucasCapital One Securities, Inc.
Barry OxfordD.A. Davidson & Co.