Saul Centers, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 04:20 pm EDT
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Saul Centers, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 60.004 million compared to USD 53.220 million a year ago. Net income was USD 12.746 million compared to USD 8.328 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.24 a year ago. For the half year, total revenue was USD 118.729 million compared to USD 110.163 million a year ago. Net income was USD 23.008 million compared to USD 21.592 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 0.69 a year ago.
Saul Centers, Inc. is a real estate investment trust (REIT). The Company conducts all its activities through its subsidiaries, the Operating Partnership and Subsidiary Partnerships, engaged in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties, primarily in the Washington, DC/Baltimore metropolitan area. The Company operates through two business segments: Shopping Centers and Mixed-Use Properties. The Company operates and manages a real estate portfolio of over 57 operating properties, totaling approximately 9.8 million square feet of gross leasable area (GLA), and four development properties. The operating property portfolio is composed of 50 neighborhood and community shopping centers, and seven mixed-use properties totaling approximately 7.9 million and 1.9 million square feet of GLA, respectively.
SAUL CENTERS, INC. 
