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Saul Centers, Inc. (BFS)

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33.85+0.93 (+2.83%)
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  • Saul Centers, Inc. (NYSE:BFS) Delivered A Better ROE Than Its Industry
    Simply Wall St.

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

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Saul Centers, Inc. Reports Third Quarter 2020 Earnings
    PR Newswire

    Saul Centers, Inc. Reports Third Quarter 2020 Earnings

    Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended September 30, 2020 ("2020 Quarter"). Total revenue for the 2020 Quarter decreased to $56.8 million from $57.1 million for the quarter ended September 30, 2019 ("2019 Quarter"). Net income decreased to $11.6 million for the 2020 Quarter from $15.3 million for the 2019 Quarter. The Waycroft mixed-use development opened in April 2020 and, as of November 3, 2020, applications have been received for 303 residential leases, totaling approximately 62% of the available units, and 258 units were occupied. Concurrent with the opening in April, interest, real estate taxes and all other costs associated with the residential portion of the property, including depreciation, began to be charged to expense, while revenue continues to grow as occupancy increases. As a result, compared to the 2019 Quarter, net income for the 2020 Quarter was adversely impacted by $2.4 million due to the initial operations of The Waycroft. Net income also decreased from the 2019 Quarter due to higher credit losses on operating lease receivables and corresponding reserves (collectively, $1.5 million). Net income available to common stockholders decreased to $6.6 million ($0.28 per diluted share) for the 2020 Quarter from $9.0 million ($0.39 per diluted share) for the 2019 Quarter.

  • Weekly CEO Buys Highlight
    GuruFocus.com

    Weekly CEO Buys Highlight

    Details the CEO buys this past week for the following companies: Golub Capital BDC, Prosperity Bancshares, VEREIT, Hartford Financial Services and Saul Centers