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Saul Centers, Inc. (BFS)

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45.60+0.35 (+0.77%)
At close: 4:00PM EDT
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Previous close45.25
Open45.42
Bid45.37 x 800
Ask53.16 x 800
Day's range45.21 - 46.42
52-week range23.49 - 47.83
Volume50,026
Avg. volume41,474
Market cap1.072B
Beta (5Y monthly)1.14
PE ratio (TTM)40.79
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield2.20 (4.86%)
Ex-dividend date15 Jul 2021
1y target estN/A
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News
  • EQS Group

    Sixt Leasing SE: Forecast regarding group's contract portfolio and consolidated operating revenue for 2020 unlikely to be realized

    Sixt Leasing SE / Key word(s): ForecastSixt Leasing SE: Forecast regarding group's contract portfolio and consolidated operating revenue for 2020 unlikely to be realized21-Oct-2020 / 18:53 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Pullach, 21 October 2020 - The Management Board of Sixt Leasing SE today came to the conclusion that the forecast for the 2020 financial year communicated on 20 March 2020 of a slight increase in the group's contract portfolio and a consolidated operating revenue approximately on the previous year's level is unlikely to be realized. For the current fiscal year, the Management Board assumes that the group's contract portfolio and the consolidated operating revenue will probably each be significantly below the corresponding prior-year figures.The main reasons for the deviation from the forecast are the weaker than expected business development in the third quarter of 2020, mainly due to the recovery of the overall economic situation, which remained below expectations, and the prospect of a continuing or even worsening COVID-19 situation in the fourth quarter of 2020. In this respect, the Management Board assumes that the negative development cannot be made up for in the fourth quarter of 2020 either.Sixt Leasing SE already announced on 20 July 2020 that the originally communicated earnings forecast for the 2020 financial year will not be realised as expected. As planned, Sixt Leasing SE will publish its complete quarterly statement for Q3 2020 on 11 November 2020.Note: "Consolidated operating revenue" is not a financial figure according to IFRS. Information on the composition of consolidated operating revenues can be found on page 37 and 38 of the Sixt Leasing SE annual report 2019 (available at https://ir.sixt-leasing.com).Contact:Stefan VogelInvestor RelationsE-mail: ir@sixt-leasing.comTel: +49 89 74444 4518 21-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Sixt Leasing SE Zugspitzstraße 1 82049 Pullach Germany Phone: +49 (0)89 744 44 - 4518 Fax: +49 (0)89 - 744 44 - 8 5169 E-mail: ir@sixt-leasing.com Internet: http://ir.sixt-leasing.de ISIN: DE000A0DPRE6, DE000A2DADR6, DE000A2LQKV2 WKN: A0DPRE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1142326   End of Announcement DGAP News Service

  • EQS Group

    Sixt Leasing SE: autohaus24 GmbH appoints Werner König as Co-Managing Director

    DGAP-News: Sixt Leasing SE / Key word(s): Personnel05.10.2020 / 10:05 The issuer is solely responsible for the content of this announcement.Sixt Leasing SE: autohaus24 GmbH appoints Werner König as Co-Managing DirectorPullach, 5 October 2020 - autohaus24 GmbH, one of the leading online new car brokers in Germany and a wholly-owned subsidiary of Sixt Leasing SE, has appointed Werner König as Managing Director. He replaces Mr. Michael Ruhl, who continues to serve as the Chief Executive Officer of Sixt leasing SE. Mr. König shares the management of autohaus24 with Mr. Josef Finauer, who has held this position since April 2020.Mr. König has been Head of Remarketing at Sixt Leasing for about five and a half years and will continue this operation in addition to his new tasks at autohaus24. Moreover, he was Managing Director of Sixt Car Sales GmbH from early 2015 to mid 2020. Previously, he successfully held several senior management positions in the automotive sector.In his function as Managing Director of autohaus24 GmbH, Mr. König is responsible for the offline business with the former Sixt Car Sales locations for used cars in Berlin, Eching and Frankfurt. These had been sold to Hyundai Capital Bank Europe GmbH (HCBE) as part of the 92% takeover of Sixt Leasing SE by HCBE and are to be rebranded to the autohaus24 brand in early 2021. At the same time, Mr. Finauer will concentrate on the online business of autohaus24.de.Since April 2020, Mr. Finauer has also been Managing Director of SXT Leasing Dienstleistungen GmbH & Co. KG and represents the business areas Productmanagement, Maintenance and Damage within Sixt Leasing SE. Previously he was, among other things, Service Manager at MAHAG Group (Volkswagen Group Retail Germany).A joint focus of Mr. König and Mr. Finauer will be the rebranding of the autohaus24 brand with a new logo, new website and new brand strategy. In addition, the product portfolio will be expanded.Josef Finauer, Managing Director of autohaus24 GmbH: 'I would like to thank Michael Ruhl for the successful collaboration and I am pleased to have a proven expert at my side with Werner König once again. Our goal is to develop autohaus24 into a digital car dealership for new and used cars and, in future, service products. We will offer these both online and offline at our locations.'Werner König, Managing Director of autohaus24 GmbH: 'I am looking forward to taking autohaus24 to the next level together with Josef Finauer. Our extensive experience in the industry provides a good basis for a successful strategic reorientation with a strong online and offline business.'Since 2009, autohaus24 has stood for excellent customer service, cross-brand advice and the best possible discount for new cars from German dealerships. The autohaus24 service guarantee ensures the full manufacturer's warranty, full liability for material defects and full service at the authorised dealer near the buyer.Photo downloads Werner König (photo credit: Sixt Leasing SE / autohaus24 GmbH) Josef Finauer (photo credit: Sixt Leasing SE / autohaus24 GmbH)---About Sixt Leasing:Sixt Leasing SE based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2019, the Group generated consolidated revenue of EUR 824 million.www.sixt-leasing.com Press contact Sixt Leasing:Kirchhoff Consultsixtleasing@kirchhoff.de05.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Sixt Leasing SE Zugspitzstraße 1 82049 Pullach Germany Phone: +49 (0)89 744 44 - 4518 Fax: +49 (0)89 - 744 44 - 8 5169 E-mail: ir@sixt-leasing.com Internet: http://ir.sixt-leasing.de ISIN: DE000A0DPRE6, DE000A2DADR6, DE000A2LQKV2 WKN: A0DPRE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1138634   End of News DGAP News Service

  • EQS Group

    Sixt Leasing SE: Operating business development in the first half of 2020 in line with expectations

    DGAP-News: Sixt Leasing SE / Key word(s): Half Year Results/Interim Report 12.08.2020 / 08:30 The issuer is solely responsible for the content of this announcement. Sixt Leasing SE: Operating business development in the first half of 2020 in line with expectations * Group contract portfolio in the first six months of 2020 almost stable - Significant increase compared to 30 June 2019 * Consolidated operating revenue impacted by COVID-19 pandemic, as expected * Consolidated earnings before taxes (EBT) in particular burdened by increased risk provisioning and transaction-related costs * Managing Board continues to expect business development to recover in the second half of the yearPullach, 12 August 2020 \- Sixt Leasing SE, a leading provider in online direct sales of new vehicles in Germany as well as specialist in the management and full-service leasing of large fleets, has developed, based on the earnings forecast reduced on 20 July 2020, overall in line with expectations in the first half of 2020. The Group's contract portfolio remained almost stable in the period from the end of December 2019 to the end of June 2020. Consolidated operating revenue declined year-on-year. Consolidated earnings before taxes (EBT) were very significantly below the previous year's level and were burdened in particular by the increase in risk provisions in connection with the residual values of the leasing fleet and by transaction-related costs. The Managing Board continues to expect business development to recover in the second half of the year.Business development in H1 2020 In the first half of 2020, the expansion of the digital product and service portfolio in particular was further advanced. In the Online Retail business field, Sixt Leasing launched a sales cooperation with PAYBACK via its online platform sixt-neuwagen.de to market a Kia Stonic "VISION" to private customers. In addition, autohaus24.de was honored with the consumer award "Germany's Best Online Portals 2020" in the category "New Car Portals" from the news channel n-tv and the German Institute for Service Quality, and received the rating "High Recommended" in the category "Car Leasing: Online Providers" in the FOCUS-MONEY study "Recommended by Customers". In the Fleet Management business unit, the smartphone app "The Companion" for fleet customers was further developed and, among other things, upgraded with the digital payment function "Shell Payment@Pump". Furthermore, two proven industry experts, Mr. Christian Braumiller and Mr. Michael Poglitsch, could be gained as new Managing Directors of Sixt Mobility Consulting GmbH. In the Fleet Leasing business field, Sixt Leasing expanded its cooperation with BSH Hausgeräte GmbH in the field of e-mobility.The contract portfolio in Online Retail fell by 5.7 per cent to 41,800 contracts in the period from the end of December to the end of June, particularly burdened by lower new orders due to the economic impact of the COVID-19 pandemic as well as further vehicle returns from the 1&1 campaign conducted in the 2017 financial year. The contract portfolio in Fleet Leasing declined by 2.4 per cent to 39,500 contracts. Fleet Management recorded growth of 4.0 per cent to 53,500 contracts.Overall, the Group's contract portfolio in Germany and abroad (excluding franchise and cooperation partners) decreased slightly by 1.0 per cent to 134,800 contracts in the period from the end of December to the end of June. The decline from the end of March to the end of June (-0.4 per cent) was slightly lower than in the first three months (-0.7 per cent). Compared to the end of the first half of 2019, the Group contract portfolio recorded a significant growth of 6.8 per cent at the end of the first half of 2020. The main reason for this was the acquisition of Flottenmeister GmbH in the fourth quarter of 2019.Consolidated revenue in the first half of 2020 fell by 13.5 per cent year-on-year to EUR 370.3 million. This is mainly due to the decline in vehicle sales revenues in the Leasing business unit, which comprises the business fields Online Retail and Fleet Leasing. On the other hand, sales revenues in the Fleet Management business unit increased significantly. Overall, sales revenues from leasing returns and marketed customer vehicles in fleet management fell by 20.1 per cent to EUR 156.2 million. This decline is in particular due to the very strong first quarter of the previous year, with a very high number of leasing returns sold in the Online Retail business field, and to the restrictions imposed on stationary motor vehicle trading due to the COVID-19 pandemic. Consolidated operating revenue (excluding sales revenue) decreased by 7.9 per cent to EUR 214.1 million. The "lockdown" caused by the COVID-19 pandemic had a major impact on the decline in this regard. Among other things, this led to a significant reduction in vehicle use, which in particular caused a decline in use-related revenues, such as fuel revenues, for example.Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell in the first six months of 2020 by 7.2 per cent to EUR 106.7 million compared to the same period last year. Consolidated earnings before taxes (EBT) recorded a decline of 79.7 per cent to EUR 2.9 million. This was mainly due to the increased risk provisions in a mid single-digit million euro range and to burdens from one-off transaction-related costs in a low to medium single-digit million euro range, which were incurred in connection with the completion of the voluntary public takeover offer by Hyundai Capital Bank Europe GmbH (HCBE) in July 2020 and which had in part already to be considered in the accounting in the first half of 2020. Adjusted for these two one-off and extraordinary non-operating effects, the correspondingly adjusted earnings before taxes in the first half of 2020 amounted to EUR 11.2 million. Furthermore, the lower EBT is in particular due to the volume effect in vehicle sales described above, and increased marketing expenses at the beginning of the year. The operating return on revenue in the first six months of 2020 thus amounted to 1.3 per cent (-4.7 percentage points). Consolidated profit decreased by 83.2 per cent to EUR 1.7 million.Michael Ruhl, CEO of Sixt Leasing SE: "Our Group contract portfolio remained almost stable in the first half of 2020 despite the corona pandemic. We are confident that the market environment will continue to ease in the second half of the year. Our new major shareholder will support us in continuing to successfully implement our 'DRIVE>2021' strategy program."Growth prospects with new major shareholder According to the last publication under capital market law, HCBE holds just over 92 per cent of the ordinary shares and voting rights of Sixt Leasing SE since the completion of the voluntary public takeover offer. The strategic partnership with the new major shareholder enables Sixt Leasing to jointly exploit new growth opportunities. The integration of Sixt Leasing into the group of the two international and financially strong groups Santander and Hyundai also offers the opportunity to further optimise the Company's financing structure.Outlook For the 2020 financial year, the Managing Board continues to expect a slight increase in the Group's contract portfolio and consolidated operating revenue to be approximately on the previous year's level. However, in accordance with the reduced earnings forecast issued on 20 July 2020, the Managing Board assumes that the earnings forecast published on 20 March 2020 cannot be realised in regard to EBT and that the 2020 annual result will also be burdened by further one-off transaction-related costs in the second half of 2020 to the expected extent. The one-off transaction-related costs in the first half of 2020 are included in the reduced earnings forecast.The assumptions and uncertainties pertaining to the COVID-19 pandemic described in the Risk and Opportunities Report of the Half-Yearly Financial Report 2020 also apply to the forecast. This includes in particular the assumption that business development will recover in the second half of the year.The full half-year report can be downloaded from https://ir.sixt-leasing.com/interim-reports.\---About Sixt Leasing:Sixt Leasing SE based in Pullach near Munich is a leading provider in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers.Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably. Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.Sixt Leasing SE (WKN: A0DPRE / ISIN: DE000A0DPRE6) has been listed in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) since 7 May 2015. In fiscal year 2019, the Group generated consolidated revenue of EUR 824 million.www.sixt-leasing.com Contact:Sixt Leasing SE Investor Relations +49 89 74444 4518 ir@sixt-leasing.com The Sixt Leasing Group in H1 2020 at a glance1 Revenue development in EUR million H1 2020 H1 2019 Change in % Operating revenue 214.1 232.5 -7.9 Sales revenue 156.2 195.5 -20.1 Consolidated revenue 370.3 428.0 -13.5 Thereof Leasing business unit 318.4 379.7 -16.1 Thereof leasing revenue (finance rate) 109.5 112.0 -2.3 Thereof other revenue from leasing business 80.7 95.4 -15.5 Thereof sales revenue 128.3 172.2 -25.5 Thereof Fleet Management business unit 51.8 48.3 7.4 Thereof fleet management revenue 23.9 25.0 -4.3 Thereof sales revenue 27.9 23.2 20.0 Earnings development in EUR million H1 2020 H1 2019 Change in % Fleet expenses and cost of lease assets 233.1 284.1 -17.9 Personnel expenses 21.1 21.3 -1.1 Net other operating income/expense -9.4 -7.6 -22.6 Earnings before interest, taxes, depreciation and amortisation (EBITDA) 106.7 115.0 -7.2 Depreciation and amortisation expense 98.3 94.9 3.6 Net finance costs -5.5 -5.9 6.5 Earnings before taxes (EBT) 2.9 14.1 -79.7 Thereof Leasing business unit 1.3 12.2 -89.0 Thereof Fleet Management business unit 1.5 1.9 -19.6 Operating return on revenue (in %)2 1.3 6.1 -4,7 points Income tax expense 1.1 3.7 -69.7 Consolidated profit 1.7 10.4 -83.2 Earnings per share (in EUR) 0.08 0.51 - Contract portfolio 30 Jun 2020 31 Dec 2019 Change in % Group contract portfolio 134,800 136,200 -1.0 Thereof Online Retail business field 41,800 44,300 -5.7 Thereof Fleet Leasing business field 39,500 40,400 -2.4 Thereof Fleet Management business unit 53,500 51,500 4.0 Balance sheet figures in EUR million 30 Jun 2020 31 Dec 2019 Change in % Total assets 1,423.39 1,328.88 7.1 Lease assets 1,103.61 1,119.67 -1.4 Financial liabilities 1,053.66 948.21 11.1 Equity 212.4 229.2 -7.4 Equity ratio (in %) 14.9 17.2 -2.3 points Cash Flow in EUR million H1 2020 H1 2019 Change in % Gross Cash flow 97.3 101.4 -4.0 Investments in lease assets 207.5 194.9 6.5 1 Rounding differences possible 2 Ratio of EBT to operating revenue * * *12.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Sixt Leasing SE Zugspitzstraße 1 82049 Pullach Germany Phone: +49 (0)89 744 44 - 4518 Fax: +49 (0)89 - 744 44 - 8 5169 E-mail: ir@sixt-leasing.com Internet: http://ir.sixt-leasing.de ISIN: DE000A0DPRE6, DE000A2DADR6, DE000A2LQKV2 WKN: A0DPRE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1115315 End of News DGAP News Service