Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland.
Established dividend payer and fair value.
Share Price & News
How has Saul Centers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BFS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BFS underperformed the US REITs industry which returned -26.9% over the past year.
Return vs Market: BFS underperformed the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is Saul Centers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StBefore You Buy Saul Centers, Inc. (NYSE:BFS), Consider Its Volatility
1 month ago | Simply Wall StCan Saul Centers, Inc. (NYSE:BFS) Maintain Its Strong Returns?
1 month ago | Simply Wall StIf You Had Bought Saul Centers (NYSE:BFS) Stock Three Years Ago, You'd Be Sitting On A 24% Loss, Today
Is Saul Centers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BFS ($27.74) is trading below our estimate of fair value ($52.2)
Significantly Below Fair Value: BFS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BFS is good value based on its PE Ratio (17.6x) compared to the REITs industry average (22.5x).
PE vs Market: BFS is poor value based on its PE Ratio (17.6x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: BFS is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: BFS is overvalued based on its PB Ratio (3.4x) compared to the US REITs industry average (1.1x).
How is Saul Centers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BFS's forecast earnings growth (7.2% per year) is above the savings rate (1.7%).
Earnings vs Market: BFS's earnings (7.2% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: BFS's earnings are forecast to grow, but not significantly.
Revenue vs Market: BFS's revenue (5.2% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: BFS's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BFS's Return on Equity is forecast to be high in 3 years time
How has Saul Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BFS has high quality earnings.
Growing Profit Margin: BFS's current net profit margins (15.7%) are lower than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: BFS's earnings have grown by 5.4% per year over the past 5 years.
Accelerating Growth: BFS's earnings growth over the past year (0.8%) is below its 5-year average (5.4% per year).
Earnings vs Industry: BFS earnings growth over the past year (0.8%) underperformed the REITs industry 4.3%.
Return on Equity
High ROE: BFS's Return on Equity (14.5%) is considered low.
How is Saul Centers's financial position?
Financial Position Analysis
Short Term Liabilities: BFS's short term assets ($71.1M) exceed its short term liabilities ($49.8M).
Long Term Liabilities: BFS's short term assets ($71.1M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: BFS's debt to equity ratio (246.1%) is considered high.
Reducing Debt: BFS's debt to equity ratio has reduced from 252.7% to 246.1% over the past 5 years.
Debt Coverage: BFS's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: BFS's interest payments on its debt are not well covered by EBIT (2.5x coverage).
What is Saul Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BFS's dividend (7.64%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: BFS's dividend (7.64%) is in the top 25% of dividend payers in the US market (5.82%)
Stability and Growth of Payments
Stable Dividend: BFS's dividend payments have been volatile in the past 10 years.
Growing Dividend: BFS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.1%), BFS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BFS's dividends in 3 years are forecast to be thoroughly covered by earnings (2.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bernard Saul (86yo)
Mr. Bernard Francis Saul, II has been Chairman and Chief Executive Officer of Saul Centers Inc., since June 1993 and has been its President since October 1, 2019. Mr. Saul has been the President, Chief Ope ...
CEO Compensation Analysis
Compensation vs Market: Bernard's total compensation ($USD268.62K) is below average for companies of similar size in the US market ($USD3.29M).
Compensation vs Earnings: Bernard's compensation has been consistent with company performance over the past year.
|Executive VP||27.25yrs||US$847.92k||0.078% $817.3k|
|Executive VP and Chief Legal & Administrative Officer||6yrs||US$667.93k||no data|
|Executive Vice President of Leasing||22.25yrs||US$827.65k||0.011% $111.6k|
|Senior VP of Residential & Director||1.08yrs||US$53.94k||0.0091% $95.4k|
|Senior VP & Chief Accounting Officer||10.58yrs||no data||0.043% $452.3k|
|Senior VP & Chief Information Officer||1.25yrs||no data||no data|
|Shareholder Relations Representative||8.25yrs||no data||no data|
|Senior Vice President of Human Resources||no data||no data||no data|
|Senior Vice President of Management||20.25yrs||no data||0.050% $531.6k|
Experienced Management: BFS's management team is seasoned and experienced (10.6 years average tenure).
|Senior VP of Residential & Director||1.08yrs||US$53.94k||0.0091% $95.4k|
|Independent Vice Chairman of the Board||17.08yrs||US$149.84k||0.54% $5.7m|
|Independent Director||12yrs||US$63.74k||0.062% $652.6k|
|Independent Director||17.5yrs||US$63.74k||0.030% $311.7k|
|Independent Director||8.08yrs||US$97.54k||0.020% $209.7k|
|Independent Director||8.08yrs||US$79.44k||0.0091% $95.4k|
Experienced Board: BFS's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BFS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Saul Centers, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Saul Centers, Inc.
- Ticker: BFS
- Exchange: NYSE
- Founded: 1993
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.054b
- Market Cap: US$824.638m
- Shares outstanding: 31.10m
- Website: https://www.saulcenters.com
Number of Employees
- Saul Centers, Inc.
- 7501 Wisconsin Avenue
- Suite 1500E
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BFS||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Aug 1993|
|SA4||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1993|
|BFS.PRD||NYSE (New York Stock Exchange)||6.125% PFD CUM D||US||USD||Jan 2018|
|BFS.PRE||NYSE (New York Stock Exchange)||6% CUM PFD E||US||USD||Sep 2019|
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 60 properties which includes (a) 56 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties. Approximately 85% of the Company's property operating income is generated from properties in the metropolitan Washington, DC/Baltimore area.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 00:48|
|End of Day Share Price||2020/04/08 00:00|
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.