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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Rental revenue $ 59,134 $ 58,818 $ 119,814 $ 116,575
Other 1,159 1,186 2,623 2,154
Total revenue 60,293 60,004 122,437 118,729
Expenses        
Property operating expenses 7,641 7,524 17,179 16,210
Real estate taxes 7,156 7,138 14,574 14,967
Interest expense, net and amortization of deferred debt costs 10,457 11,657 21,059 23,646
Depreciation and amortization of lease costs 12,377 12,637 24,704 25,385
General and administrative 5,665 4,929 10,433 9,607
Total expenses 43,296 43,885 87,949 89,815
Net Income 16,997 16,119 34,488 28,914
Noncontrolling interests        
Income attributable to noncontrolling interests (3,981) (3,373) (8,107) (5,906)
Net income attributable to Saul Centers, Inc. 13,016 12,746 26,381 23,008
Preferred stock dividends (2,799) (2,799) (5,597) (5,597)
Net income available to common stockholders 10,217 9,947 20,784 17,411
Net income available to common stockholders $ 10,217 $ 9,947 $ 20,784 $ 17,411
Per share net income available to common stockholders        
Basic (in usd per share) $ 0.43 $ 0.42 $ 0.87 $ 0.74
Diluted (in usd per share) $ 0.43 $ 0.42 $ 0.87 $ 0.74