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Saul Centers, Inc. Announces Tax Treatment of 2024 Dividends
BFSSaul Centers(BFS) Prnewswire·2025-01-23 15:35

Core Points - Saul Centers, Inc. announced the income tax treatment of its 2024 dividends, with a total of 2.36percommonsharedeclaredandpaid[1]Forcommonstockdividends,71.662.36 per common share declared and paid [1] - For common stock dividends, 71.66% is classified as ordinary income (1.69 per share) and 28.34% as return of capital (0.67pershare)[1]Preferredstockdividendsarefullycharacterizedasordinaryincome[2]CompanyOverviewSaulCenters,Inc.isaselfmanaged,selfadministeredequityREITbasedinBethesda,Maryland,managingaportfolioof62properties[3]Theportfolioincludes58communityandneighborhoodshoppingcentersandmixeduseproperties,totalingapproximately10.2millionsquarefeetofleasablearea[3]Over850.67 per share) [1] - Preferred stock dividends are fully characterized as ordinary income [2] Company Overview - Saul Centers, Inc. is a self-managed, self-administered equity REIT based in Bethesda, Maryland, managing a portfolio of 62 properties [3] - The portfolio includes 58 community and neighborhood shopping centers and mixed-use properties, totaling approximately 10.2 million square feet of leasable area [3] - Over 85% of the company's property operating income is derived from properties located in the metropolitan Washington, DC/Baltimore area [3] Dividend Details - The company declared and paid four dividends totaling 1.53125 per depositary share on its 6.125% Series D Preferred Stock [5] - Additionally, four dividends totaling $1.50000 per depositary share were declared on its 6.000% Series E Preferred Stock [5]