Saul Centers/$BFS
1D1W1MYTD1Y5YMAX
Capital at risk
About Saul Centers
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
- Ticker
- $BFS
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 162
- Headquarters
- Bethesda, United States
- Website
- www.saulcenters.com
Saul Centers Metrics
BasicAdvanced
$750M
31.26
$0.97
0.89
$2.36
7.78%
Price and volume
Market cap
$750M
Beta
0.89
52-week high
$38.42
52-week low
$29.16
Average daily volume
112K
Dividend rate
$2.36
Financial strength
Current ratio
0.624
Quick ratio
0.624
Long term debt to equity
3.309
Total debt to equity
3.418
Dividend payout ratio (TTM)
196.76%
Interest coverage (TTM)
1.59%
Profitability
EBITDA (TTM)
180.461
Gross margin (TTM)
70.26%
Net profit margin (TTM)
11.54%
Operating margin (TTM)
40.52%
Revenue per employee (TTM)
$1,870,000
Management effectiveness
Return on assets (TTM)
3.56%
Return on equity (TTM)
9.56%
Valuation
Price to earnings (TTM)
31.259
Price to revenue (TTM)
2.439
Price to book
6.78
Price to tangible book (TTM)
6.78
Price to free cash flow (TTM)
8.038
Free cash flow yield (TTM)
12.44%
Free cash flow per share (TTM)
3.773
Dividend yield (TTM)
7.78%
Forward dividend yield
7.78%
Growth
Revenue change (TTM)
8.74%
Earnings per share change (TTM)
-26.49%
3-year revenue growth (CAGR)
6.50%
10-year revenue growth (CAGR)
3.47%
3-year earnings per share growth (CAGR)
-15.97%
10-year earnings per share growth (CAGR)
-4.58%
10-year dividend per share growth (CAGR)
2.75%
Bulls say / Bears say
Core operating performance is improving: second-quarter 2026 same-property revenue and NOI both increased 6.9%, while commercial leasing rose to 94.7% from 94.0% year over year. (SEC filing)
There is meaningful lease-up upside from the residential portfolio: The Milton at Twinbrook Quarter reached 96.7% leased versus 77.0% a year earlier, and Hampden House was already 64.2% leased and occupied by August 3, 2026, supporting future revenue growth as occupancy rises. (SEC filing)
BFS has comparatively strong debt-duration protection for a leveraged REIT: approximately 92.1% of debt was fixed-rate or hedged, weighted-average remaining debt term was 9.6 years, and $158.1 million remained available and undrawn under its credit facility. (SEC Form 10-Q)
Hampden House remains a meaningful earnings drag: despite higher occupancy, its initial operations reduced second-quarter 2026 net income by $4.0 million, including $2.9 million of incremental interest expense; quarterly FFO also fell to $0.69 per share from $0.73. (SEC filing)
BFS carries substantial leverage, with approximately $1.63 billion of debt at June 30, 2026, including $129 million of unhedged variable-rate borrowings that remain exposed to higher SOFR and refinancing costs. (SEC Form 10-Q)
The portfolio remains geographically concentrated in the Washington, D.C./Baltimore region, while same-property office leasing declined to 87.2% from 88.7% year over year; this leaves BFS exposed to regional economic weakness and persistent office-market pressure. (SEC Form 10-Q)
Data summarised monthly by Lightyear AI. Last updated on 11 Sept 2026.
Upcoming events
No upcoming events
Funds containing Saul Centers
AllUSDGBPEUR
Fund name | Fund size | $BFS weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.02% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.02% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
SPDR MSCI All Country World IM€SPYI | €7.5B | 0.00% |
iShares MSCI World Small Cap$WSML | $9B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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