XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Real estate investments    
Land $ 354,967 $ 353,890
Buildings and equipment 1,094,605 1,109,911
Construction in progress 9,867 2,267
Total 1,459,439 1,466,068
Accumulated depreciation (364,663) (353,305)
Real estate investments, net 1,094,776 1,112,763
Cash and cash equivalents 17,297 12,133
Accounts receivable and accrued income, net 43,884 41,406
Deferred leasing costs, net 26,052 26,102
Prepaid expenses, net 4,047 3,895
Deferred debt costs, net 9,675 7,713
Other assets 2,944 3,297
Total assets 1,198,675 1,207,309
Liabilities    
Mortgage notes payable 820,068 789,776
Revolving credit facility payable 0 38,000
Dividends and distributions payable 13,135 13,490
Accounts payable, accrued expenses and other liabilities 20,141 27,434
Deferred income 30,205 31,320
Total liabilities 883,549 900,020
Preferred stock, 1,000,000 shares authorized:    
Common stock, $0.01 par value, 30,000,000 shares authorized, 20,576,616 and 20,045,542 shares issued and outstanding, respectively 206 201
Additional paid-in capital 270,428 246,557
Accumulated deficit (172,564) (154,830)
Accumulated other comprehensive loss (1,392) (3,553)
Total Saul Centers, Inc. stockholders' equity 276,678 267,703
Noncontrolling interest 38,448 39,586
Total stockholders' equity 315,126 307,289
Total liabilities and stockholders' equity 1,198,675 1,207,309
Series A Preferred Stock
   
Preferred stock, 1,000,000 shares authorized:    
Cumulative Redeemable Preferred stock 40,000 100,000
Series B Preferred Stock
   
Preferred stock, 1,000,000 shares authorized:    
Cumulative Redeemable Preferred stock 0 79,328
Series C Preferred Stock
   
Preferred stock, 1,000,000 shares authorized:    
Cumulative Redeemable Preferred stock $ 140,000 $ 0