Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12254 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other ...

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2024 Earnings August 1, 2024, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended June 30, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $66.9 million from $63.7 million for the quarter ended June 30, 2023 ("2023 Quarter"). Net income incr ...

BETHESDA, Md., Aug. 1, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended June 30, 2024 ("2024 Quarter"). Total revenue for the 2024 Quarter increased to $66.9 million from $63.7 million for the quarter ended June 30, 2023 ("2023 Quarter"). Net income increased to $19.5 million for the 2024 Quarter from $17.2 million for the 2023 Quarter primarily due to (a) higher lease termination fees of $1.6 million, (b) ...

BETHESDA, Md., June 20, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on July 31, 2024, to holders of record on July 15, 2024. The common dividend is unchanged from the amount paid in the previous quarter and the amount paid in the prior year's comparable quarter. The Company also declared quarterly dividends on (a) its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositary s ...

Group 1 - The article discusses the potential for a significant sell-off in the REIT sector over the next few years, particularly affecting weaker firms [2][3][4] - Companies with messy balance sheets, high indebtedness, and weak FFO growth are identified as particularly vulnerable [4][5][6] - A list of 11 REITs is provided that meet three or more criteria indicating weakness, including high debt ratios and poor dividend safety ratings [5][6][7] Group 2 - Veris Residential (VRE) has a debt ratio of 54%, significantly above the sector average of 28%, and a weak dividend yield of 1.57% [6][18][19] - Braemar Hotels and Resorts (BHR) carries a debt ratio of 89% and has a projected FFO growth of 27.8%, but its dividend reliability is questionable [19][20] - CBL Properties (CBL) has an 85% debt ratio and is projected to have negative FFO growth of -2.6% [8][20] Group 3 - Global Net Lease (GNL) has a debt ratio of 65% and a projected FFO growth of only 0.9%, with a dividend safety rating of F [9][10][23] - SL Green Realty (SLG) has a debt ratio of 59% and is projected to experience a significant FFO decline of -33.2% [11][12][24] - Uniti Group (UNIT) has an 81% debt ratio and is projected to see a -25.9% decline in FFO, with a dividend safety rating of F [13][30][32] Group 4 - Farmland Partners (FPI) has a high price/FFO ratio of 43.0 and is selling for 34.1% above the target price, indicating overvaluation [26][32] - Clear Channel Outdoor (CCO) has a debt ratio of 92% and is projected to have negative FFO, with shares heavily shorted [33][34] - Presidio Property Trust (SQFT) has a 74% debt ratio and has ceased paying dividends, indicating financial distress [35]

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-12254 | --- | --- | |-----------------------------------------------------|----------------------------------------| | | | | Securities registered pursuant | to Section 12(b) of the Act: | | class: | Trad ...

SAUL CENTERS, INC. (301) 986-6200 May 2, 2024, Bethesda, MD. Contact: Carlos L. Heard (301) 986-7737 Safe Harbor Statement www.SaulCenters.com 5 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------|-------|---------------------| | (Dollars in thousands, except per share amounts) \nAssets | | March 31, 2024 | | December 31, 2023 | | Real estat ...

BETHESDA, Md., May 2, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended March 31, 2024 ("2024 Quarter").  Total revenue for the 2024 Quarter increased to $66.7 million from $63.0 million for the quarter ended March 31, 2023 ("2023 Quarter").  Net income increased to $18.3 million for the 2024 Quarter from $17.7 million for the 2023 Quarter primarily due to (a) higher commercial base rent of $1.4 million and ...

BETHESDA, Md., March 14, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.59 per share on its common stock, to be paid on April 30, 2024, to holders of record on April 15, 2024. The common dividend is unchanged from the amount paid in the previous quarter and the amount paid in the prior year's comparable quarter. The Company also declared quarterly dividends on (a) its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositar ...

BETHESDA, Md., Feb. 29, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended December 31, 2023 ("2023 Quarter"). Total revenue for the 2023 Quarter increased to $66.7 million from $62.3 million for the quarter ended December 31, 2022 ("2022 Quarter").  Net income increased to $17.5 million for the 2023 Quarter from $15.4 million for the 2022 Quarter.  Net income for the 2023 Quarter increased compared to t ...