Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Real estate investments
Land	$ 488,942	$ 488,918
Buildings and equipment	1,280,397	1,273,275
Construction in progress	249,719	185,972
Total Purchase Price	2,019,058	1,948,165
Accumulated depreciation	(544,811)	(525,518)
Real estate investments, net	1,474,247	1,422,647
Cash and cash equivalents	9,262	14,578
Accounts receivable and accrued income, net	51,602	53,876
Deferred leasing costs, net	25,525	28,083
Prepaid expenses, net	1,806	5,175
Other assets	6,720	3,130
Total assets	1,569,162	1,527,489
Liabilities
Notes payable	853,627	880,271
Term loan facility payable	74,641	74,591
Revolving credit facility payable	46,600	45,329
Construction loan payable	70,436	21,655
Dividends and distributions payable	19,313	19,153
Accounts payable, accrued expenses and other liabilities	42,287	32,419
Deferred income	25,649	28,851
Total liabilities	1,132,553	1,102,269
Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, 23,008,615 and 22,739,207 shares issued and outstanding, respectively	230	227
Additional paid-in capital	399,047	384,533
Distributions in excess of accumulated earnings	(212,109)	(208,593)
Accumulated other comprehensive loss	(384)	(255)
Total Saul Centers, Inc. equity	366,784	355,912
Noncontrolling interest	69,825	69,308
Total equity	436,609	425,220
Total liabilities and equity	1,569,162	1,527,489
Series C Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 42,000 shares issued and outstanding, Series D Cumulative Redeemable, 30,000 shares issued and outstanding respectively	105,000	105,000
Series D Cumulative Redeemable Preferred Stock
Equity
Preferred stock, 1,000,000 shares authorized: Series C Cumulative Redeemable, 42,000 shares issued and outstanding, Series D Cumulative Redeemable, 30,000 shares issued and outstanding respectively	$ 75,000	$ 75,000