Saul Centers Balance Sheet Health

Financial Health criteria checks 0/6

Saul Centers has a total shareholder equity of $513.9M and total debt of $1.4B, which brings its debt-to-equity ratio to 274.1%. Its total assets and total liabilities are $2.0B and $1.5B respectively. Saul Centers's EBIT is $119.4M making its interest coverage ratio 2.4. It has cash and short-term investments of $7.1M.

Key information

274.1%

Debt to equity ratio

US$1.41b

Debt

Interest coverage ratio	2.4x
Cash	US$7.08m
Equity	US$513.93m
Total liabilities	US$1.52b
Total assets	US$2.03b

Recent financial health updates

No updates

Recent updates

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

Mar 13

Shareholders Will Probably Not Have Any Issues With Saul Centers, Inc.'s (NYSE:BFS) CEO Compensation

May 02

Saul Centers, Inc. (NYSE:BFS) Delivered A Better ROE Than Its Industry

Feb 17

Saul Centers' (NYSE:BFS) Shareholders Are Down 45% On Their Shares

Jan 13

Saul Centers: Revenue Outlook Remains Positive Despite Retail-Heavy Portfolio

Dec 18

Saul Centers declares $0.53 dividend

Dec 10

Have Insiders Been Buying Saul Centers, Inc. (NYSE:BFS) Shares?

Dec 09

Financial Position Analysis

Short Term Liabilities: BFS's short term assets ($60.9M) do not cover its short term liabilities ($86.1M).

Long Term Liabilities: BFS's short term assets ($60.9M) do not cover its long term liabilities ($1.4B).

Debt to Equity History and Analysis

Debt Level: BFS's net debt to equity ratio (272.7%) is considered high.

Reducing Debt: BFS's debt to equity ratio has increased from 237.8% to 274.1% over the past 5 years.

Debt Coverage: BFS's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: BFS's interest payments on its debt are not well covered by EBIT (2.4x coverage).

Saul Centers Balance Sheet Health

Financial Health criteria checks 0/6

Key information

Recent financial health updates

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.59 per share

Saul Centers, Inc., Annual General Meeting, May 17, 2024

Fourth quarter dividend of US$0.59 announced

Saul Centers, Inc. Declares Quarterly Dividends, Payable on April 30, 2024

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

New minor risk - Shareholder dilution

Independent Director recently sold US$236k worth of stock

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: US$1.73 (vs US$1.63 in FY 2022)

Upcoming dividend of US$0.59 per share at 6.0% yield

Saul Centers Declares Quarterly Dividend Payable on January 31, 2024

Saul Centers, Inc. Announces Executive Changes, Effective December 31, 2023

Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.38 in 3Q 2022)

Saul Centers, Inc. Announces the Resignation of Christopher H. Netter as Executive Vice President – Leasing, Effective December 31, 2023

Upcoming dividend of US$0.59 per share at 6.8% yield

Chairman & CEO recently bought US$369k worth of stock

Saul Centers: Safe Yield, Attractive Upside

Price target increased by 7.9% to US$41.00

Chairman & CEO recently bought US$242k worth of stock

New minor risk - Dividend sustainability

Second quarter 2023 earnings released: EPS: US$0.43 (vs US$0.43 in 2Q 2022)

Upcoming dividend of US$0.59 per share at 6.5% yield

President & COO recently bought US$116k worth of stock

First quarter 2023 earnings released: EPS: US$0.45 (vs US$0.44 in 1Q 2022)

Upcoming dividend of US$0.59 per share at 6.2% yield

Chairman & CEO recently bought US$364k worth of stock

Chairman & CEO recently bought US$104k worth of stock

Price target decreased by 14% to US$42.00

Full year 2022 earnings released: EPS: US$1.63 (vs US$1.57 in FY 2021)

Now 20% undervalued

Now 20% undervalued

Upcoming dividend of US$0.59 per share

Saul Centers, Inc. Declares Quarterly Dividend, Payable on January 31, 2023

Saul Centers declares $0.59 dividend

Price target decreased to US$49.00

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.38 (vs US$0.44 in 3Q 2021)

Saul Centers reports Q3 results

Upcoming dividend of US$0.59 per share

Saul Centers, Inc. Declares Quarterly Dividend on Common Stock, Payable on October 31, 2022

Saul Centers declares $0.59 dividend

Second quarter 2022 earnings released: EPS: US$0.43 (vs US$0.42 in 2Q 2021)

Upcoming dividend of US$0.59 per share

Saul Centers, Inc. Declares Quarterly Dividend on Common Stock, Payable on July 29, 2022

Chairman & CEO recently bought US$60k worth of stock

First quarter 2022 earnings released: EPS: US$0.44 (vs US$0.32 in 1Q 2021)

Insufficient new directors

Upcoming dividend of US$0.57 per share

Insider recently sold US$115k worth of stock

Now 20% undervalued after recent price drop

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

Director exercised options and sold US$110k worth of stock

Upcoming dividend of US$0.57 per share

Senior VP exercised options and sold US$80k worth of stock

Insider exercised options to buy US$134k worth of stock.

Price target increased to US$54.33

Insider recently sold US$131k worth of stock

Price target increased to US$52.00

Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.28 in 3Q 2020)

Price target increased to US$50.33

Saul Centers: Not Cheap Enough

Upcoming dividend of US$0.55 per share

Second quarter 2021 earnings released: FFO US$1.11 per share (vs US$0.86 in 2Q 2020)

Upcoming dividend of US$0.55 per share

Saul Centers: Definitely Not A Best Of Breed

First quarter 2021 earnings released

Shareholders Will Probably Not Have Any Issues With Saul Centers, Inc.'s (NYSE:BFS) CEO Compensation

Upcoming dividend of US$0.53 per share

Saul Centers, Inc. Announces Executive Changes

Senior VP & Chief Accounting Officer notifies of intention to sell stock

Investor sentiment improved over the past week

Price target raised to US$38.33