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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Rental revenue $ 55,953 $ 54,970 $ 112,756 $ 109,960
Other 2,188 1,111 5,135 2,230
Total revenue 58,141 56,081 117,891 112,190
Expenses        
Property operating expenses 7,115 6,732 15,116 13,856
Real estate taxes 6,819 6,778 13,967 13,622
Interest expense, net and amortization of deferred debt costs 10,793 11,168 21,860 22,594
Depreciation and amortization of deferred leasing costs 11,524 11,351 23,167 22,700
General and administrative 5,140 4,647 9,954 9,068
Total expenses 41,391 40,676 84,064 81,840
Change in fair value of derivatives 0 (12) 0 (12)
Gain on sale of property 0 509 0 509
Net Income 16,750 15,902 33,827 30,847
Noncontrolling interests        
Income attributable to noncontrolling interests (3,518) (3,359) (7,148) (5,718)
Net income attributable to Saul Centers, Inc. 13,232 12,543 26,679 25,129
Extinguishment of issuance costs upon redemption of preferred shares 0 0 0 (2,328)
Preferred stock dividends (2,953) (2,953) (5,906) (6,356)
Net income available to common stockholders $ 10,279 $ 9,590 $ 20,773 $ 16,445
Per share net income available to common stockholders        
Basic and diluted (in usd per share) $ 0.45 $ 0.43 $ 0.91 $ 0.74
Dividends declared per common share outstanding (in usd per share) $ 0.53 $ 0.52 $ 1.06 $ 1.04