Saul Centers Reports Q3 Revenue Rise to $72 Million as Net Income Falls to $14 Million

Reuters11-07
Saul Centers Reports Q3 Revenue Rise to $72 Million as Net Income Falls to $14 Million

Saul Centers Inc. reported total revenue of $72.0 million for the third quarter of 2025, up from $67.3 million in the same period of 2024. Net income for the quarter decreased to $14.0 million from $19.6 million a year earlier. For the nine months ended September 30, 2025, total revenue rose to $214.7 million from $200.9 million in the prior-year period, while net income declined to $41.0 million from $57.3 million. Net income available to common stockholders for the nine-month period was $22.6 million, or $0.93 per basic and diluted share, compared to $34.2 million, or $1.42 per share, in the previous year. The decrease in net income was primarily attributed to the initial operations of Twinbrook Quarter Phase I, which reduced net income by $16.4 million, mainly due to a $13.7 million reduction in capitalized interest. As of November 3, 2025, 431 of 452 residential units at Twinbrook Quarter Phase I were leased and occupied. The company operates a portfolio of 62 properties, primarily in the Washington, D.C./Baltimore area.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saul Centers Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH17947) on November 06, 2025, and is solely responsible for the information contained therein.
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