The Tip Desk

SAUL CENTERS, INC.

Company Stats

Market Cap
$743.5M
as of Sep 30, 2026
Shares Outstanding
24.7M
Free Float
53.1%

Income Statement

Revenue
$289.8M
Operating Income
$195.3M
Net Income
$37.5M
EBITDA
$254.1M
Revenue Growth, 3Y
5.6%
FCF Margin, 3Y Avg
33.9%
FCF Margin, Worst Year
30.6%

Cash Flow

Free Cash Flow
$88.8M
FCF Yield
11.9%
Owner FCF Yield
11.7%

Balance Sheet

Cash & Equivalents
$8.7M

Returns & Capital

Dividends Paid
$57.1M
Dividend Yield
7.7%
Dividend Payout, 3Y Avg
124.1%
SBC, 3Y Avg
$1.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$289.8M$88.8M30.6%
FY2024$268.8M$100.2M37.3%
FY2023$257.2M$86.6M33.7%
FY2022$245.9M$4.3M1.7%
FY2021$239.2M$62.5M26.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 9, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage