Name | Value |
---|---|
Revenues | 67.1M |
Cost of Revenue | 29.3M |
Gross Profit | 37.9M |
Operating Expense | 18.1M |
Operating I/L | 31.6M |
Other Income/Expense | -12.1M |
Interest Income | 0.0M |
Pretax | 19.5M |
Income Tax Expense | 5.0M |
Net Income/Loss | 14.4M |
Saul Centers, Inc. is a real estate investment trust (REIT) that operates and manages a portfolio of 60 properties, including 50 community and neighborhood shopping centers, seven mixed-use properties, and three land and development properties. With approximately 9.8 million square feet of leasable area, the company generates around 85% of its property operating income from the metropolitan Washington, DC/Baltimore area. Saul Centers' primary source of revenue comes from leasing out its properties to tenants, including retail stores, restaurants, and other businesses, thereby earning rental income and property operating income.