Saul Centers (BFS) Q3 FFO and Revenues Beat Estimates

Core Insights - Saul Centers (BFS) reported quarterly funds from operations (FFO) of $0.83 per share, exceeding the Zacks Consensus Estimate of$ 0.80 per share and up from $0.76 per share a year ago [1][2] - The company achieved revenues of$ 67.29 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.98% and increasing from $63.77 million year-over-year [3] - The stock has added approximately 4.3% since the beginning of the year, while the S&P 500 has gained 24.3% [4] Financial Performance - The FFO surprise for the quarter was 3.75%, with a previous quarter surprise of 7.79% [2] - Over the last four quarters, Saul Centers has exceeded consensus FFO estimates three times [2][3] - Current consensus FFO estimate for the upcoming quarter is$ 0.69 on revenues of $66.83 million, and for the current fiscal year, it is$ 3.12 on revenues of $266.24 million [8] Industry Context - Saul Centers operates within the Zacks REIT and Equity Trust - Retail industry, which is currently ranked in the top 33% of over 250 Zacks industries [9] - The performance of the stock may be influenced by the overall outlook for the industry, as top-ranked industries tend to outperform lower-ranked ones significantly [9]