Saul Centers, Inc. (BFS)
After hours:
- GuruFocus.com
Saul Centers Inc (BFS) Earnings Exceed Analyst Projections in Q1 2024
Robust Revenue and Net Income Growth Highlight Strong Quarter
- Associated Press Finance
Saul Centers: Q1 Earnings Snapshot
BETHESDA, Md. (AP) — Saul Centers Inc. (BFS) on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $27.5 million, or 80 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.
- PR Newswire
Saul Centers, Inc. Reports First Quarter 2024 Earnings
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 (b) higher residential base rent
