Saul Centers (BFS) Financials: Revenue & Earnings

BFS price $29.16 +0.24 +0.83%

Ticker
BFS
Price
$29.16
Change
+0.24 +0.83%
Market cap ?
$720.75M
P/E ?
20.26
Forward P/E ?
51.16
Dividend yield ?
8.14%
Beta ?
0.89
Sector
Real Estate
Industry
REIT - Retail
Stocklytics score
45
Value
47
Quality
48
Growth
41

Stocklytics score rationale: value 47, quality 48, growth 41.

Financials

2016201720182019202020212022202320242025
217070000227285000227904000231525000225207000239225000245860000257207000268847000291565000

Saul Centers, Inc. (BFS) is a self-managed and self-administered equity REIT, headquartered in Bethesda, Maryland. The company actively operates and oversees a real estate portfolio of 60 properties. This portfolio encompasses 50 community and neighborhood shopping centers, as well as seven mixed-use developments, which together provide approximately 9.8 million square feet of leasable area. Additionally, it…

Fair value

BFS fair value $22.28. Price $29.16. Price is 31% above fair value.

Below fair value, and cheaper than usual. A larger discount than on 79% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 112.92M. Growth 6.81%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.20% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 24.72M. Net debt 1.59B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare BFS

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—0.15—77.65M
2026-08-060.240.1475.38M78.98M
2026-05-070.260.1376.82M75.11M
2026-02-270.150.2773.71M73.10M
2025-11-060.430.2370.68M70.74M
2025-08-070.330.7569.43M71.39M
2025-05-080.290.3470.55M69.76M
2025-02-280.220.3266.63M68.94M
2024-11-070.480.4365.55M65.78M
2024-08-010.480.3963.70M65.54M
2024-05-030.450.3765.30M64.44M
2024-03-010.432.0962.86M63.58M
2023-11-020.421.3962.37M62.81M
2023-08-030.430.7662.00M61.29M
2023-05-040.790.7561.83M64.25M
2023-03-020.720.7362.34M60.24M
2022-11-080.380.7859.95M59.72M
2022-08-040.430.8159.13M60.59M
2022-05-050.440.7762.14M60.87M
2022-02-240.401.8960.24M60.84M
2021-11-040.790.7760.26M58.69M
2021-08-050.790.7460.00M55.95M
2021-05-060.440.7358.72M58.31M
2021-02-250.400.6858.28M57.24M
2020-11-050.720.6556.76M52.37M
2020-08-060.640.6453.22M53.21M
2020-05-060.450.8056.94M56.32M
2020-02-270.550.7456.58M55.93M
2019-11-070.780.8057.05M56.83M
2019-08-070.820.8158.14M57.45M
2019-05-020.840.8159.75M55.05M
2019-02-260.420.8258.27M—
2018-11-010.830.8057.01M—
2018-08-030.430.8056.22M—
2018-05-030.570.8156.50M—
2018-02-270.760.7756.67M—
2017-11-020.770.7956.24M—
2017-08-030.780.7955.91M—
2017-05-040.490.8658.47M—
2017-03-070.730.7654.20M—

Dividends

Yield 8.09%. Payout ratio 1.97%. Frequency Quarterly.

Safety score 76/100 · Safe. Payout ratio is 2% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 34 separate years. Yield is 8.1%, high enough that the payout may be hard to keep.

Ex-dateDividendRecordPaymentFrequency
2026-10-15$0.592026-10-152026-10-30Quarterly
2026-07-15$0.592026-07-152026-07-31Quarterly
2026-04-15$0.592026-04-152026-04-30Quarterly
2026-01-15$0.592026-01-152026-01-30Quarterly
2025-10-15$0.592025-10-152025-10-31Quarterly
2025-07-15$0.592025-07-152025-07-31Quarterly
2025-04-15$0.592025-04-152025-04-30Quarterly
2025-01-15$0.592025-01-152025-01-31Quarterly
2024-10-15$0.592024-10-152024-10-31Quarterly
2024-07-15$0.592024-07-152024-07-31Quarterly
2024-04-12$0.592024-04-152024-04-30Quarterly
2024-01-12$0.592024-01-162024-01-31Quarterly
2023-10-13$0.592023-10-162023-10-31Quarterly
2023-07-14$0.592023-07-172023-07-31Quarterly
2023-04-14$0.592023-04-172023-04-28Quarterly
2023-01-13$0.592023-01-172023-01-31Quarterly
2022-10-14$0.592022-10-172022-10-31Quarterly
2022-07-14$0.592022-07-152022-07-29Quarterly
2022-04-13$0.572022-04-152022-04-29Quarterly
2022-01-13$0.572022-01-142022-01-31Quarterly
2021-10-14$0.552021-10-152021-10-29Quarterly
2021-07-15$0.552021-07-162021-07-30Quarterly
2021-04-14$0.532021-04-152021-04-30Quarterly
2021-01-14$0.532021-01-152021-01-29Quarterly
2020-10-15$0.532020-10-162020-10-30Quarterly
2020-07-16$0.532020-07-172020-07-31Quarterly
2020-04-15$0.532020-04-162020-04-30Quarterly
2020-01-16$0.532020-01-172020-01-31Quarterly
2019-10-16$0.532019-10-172019-10-31Quarterly
2019-07-16$0.532019-07-172019-07-31Quarterly
2019-04-15$0.532019-04-162019-04-30Quarterly
2019-01-16$0.532019-01-172019-01-31Quarterly
2018-10-16$0.522018-10-172018-10-31Quarterly
2018-07-16$0.522018-07-172018-07-31Quarterly
2018-04-13$0.522018-04-162018-04-30Quarterly
2018-01-16$0.522018-01-172018-01-31Quarterly
2017-10-16$0.512017-10-172017-10-31Quarterly
2017-07-13$0.512017-07-172017-07-31Quarterly
2017-04-11$0.512017-04-142017-04-28Quarterly
2017-01-12$0.512017-01-172017-01-31Quarterly
2016-10-12$0.472016-10-142016-10-28Quarterly
2016-07-13$0.472016-07-152016-07-29Quarterly
2016-04-13$0.472016-04-152016-04-29Quarterly
2016-01-13$0.432016-01-152016-01-29Quarterly
2015-10-14$0.432015-10-162015-10-30Quarterly
2015-07-15$0.432015-07-172015-07-31Quarterly
2015-04-14$0.432015-04-162015-04-30Quarterly
2015-01-14$0.402015-01-162015-01-30Quarterly
2014-10-15$0.402014-10-172014-10-31Quarterly
2014-07-15$0.402014-07-172014-07-31Quarterly
2014-04-14$0.402014-04-162014-04-30Quarterly
2014-01-15$0.362014-01-172014-01-31Quarterly
2013-10-15$0.362013-10-172013-10-31Quarterly
2013-07-15$0.362013-07-172013-07-31Quarterly
2013-04-12$0.362013-04-162013-04-30Quarterly
2013-01-15$0.362013-01-172013-01-31Quarterly
2012-10-15$0.362012-10-172012-10-31Quarterly
2012-07-13$0.362012-07-172012-07-31Quarterly
2012-04-12$0.362012-04-162012-04-30Quarterly
2012-01-12$0.362012-01-172012-01-31Quarterly
2011-10-13$0.362011-10-172011-10-31Quarterly
2011-07-13$0.362011-07-152011-07-29Quarterly
2011-04-13$0.362011-04-152011-04-29Quarterly
2011-01-12$0.362011-01-172011-01-31Quarterly
2010-10-13$0.362010-10-152010-10-29Quarterly
2010-07-14$0.362010-07-162010-07-30Quarterly
2010-04-14$0.362010-04-162010-04-30Quarterly
2010-01-13$0.362010-01-152010-01-29Quarterly
2009-10-14$0.362009-10-162009-10-30Quarterly
2009-07-15$0.392009-07-172009-07-31Quarterly
2009-04-14$0.392009-04-162009-04-30Quarterly
2009-01-14$0.392009-01-162009-01-30Quarterly
2008-10-15$0.472008-10-172008-10-31Quarterly
2008-07-15$0.472008-07-172008-07-31Quarterly
2008-04-14$0.472008-04-162008-04-30Quarterly
2008-01-15$0.472008-01-172008-01-31Quarterly
2007-10-15$0.472007-10-172007-10-31Quarterly
2007-07-13$0.442007-07-172007-07-31Quarterly
2007-04-12$0.442007-04-162007-04-30Quarterly
2007-01-12$0.422007-01-172007-01-31Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-01CLANCY GEORGE PATRICK JRBuy665$30.0820.00K
2026-09-28Friedman Joel AlbertBuy200$18.533.71K
2026-07-01CLANCY GEORGE PATRICK JRBuy535$37.3920.00K
2026-05-28Pearson David ToddBuy2.60K$34.7490.34K
2026-05-17Friedman Joel AlbertBuy40$33.001.32K
2026-05-17Friedman Joel AlbertSell130$33.004.29K
2026-05-17Collich JohnBuy30$33.00990
2026-05-17Collich JohnSell98$33.003.23K
2026-05-17Friedlis Zachary MaxwellBuy31$33.001.02K
2026-05-17Friedlis Zachary MaxwellSell96$33.003.17K
2026-05-17SAUL B FRANCIS IIBuy572$33.0018.88K
2026-05-17Heard Carlos LawrenceBuy40$33.001.32K
2026-05-17Heard Carlos LawrenceSell131$33.004.32K
2026-05-17Guevara Bettina T.Buy45$33.001.49K
2026-05-17Guevara Bettina T.Sell179$33.005.91K
2026-05-17Saul Patricia E.Buy37$33.001.22K
2026-05-17Saul Patricia E.Sell152$33.005.02K
2026-05-17Laycock Willoughby B.Buy10$33.00330
2026-05-17Laycock Willoughby B.Sell35$33.001.16K
2026-05-17Hachey Donald ABuy31$33.001.02K
2026-05-17Hachey Donald ASell93$33.003.07K
2026-05-17Godby LoriSell34$33.001.12K
2026-05-17Pearson David ToddBuy341$33.0011.25K
2026-05-17Pearson David ToddSell1.21K$33.0039.77K
2026-05-17Garland Judith K.Buy19$33.00627
2026-05-17Garland Judith K.Sell71$33.002.34K
2026-05-09Friedlis Zachary MaxwellBuy13$35.19457
2026-05-09Friedlis Zachary MaxwellSell97$35.193.41K
2026-05-09Heard Carlos LawrenceBuy19$35.19669
2026-05-09Heard Carlos LawrenceSell131$35.194.61K
2026-05-09Laycock Willoughby B.Buy5$35.19176
2026-05-09Laycock Willoughby B.Sell36$35.191.27K
2026-05-09Hachey Donald ABuy15$35.19528
2026-05-09Hachey Donald ASell101$35.193.55K
2026-05-09Guevara Bettina T.Buy22$35.19774
2026-05-09Guevara Bettina T.Sell190$35.196.69K
2026-05-09Friedman Joel AlbertBuy26$35.19915
2026-05-09Friedman Joel AlbertSell131$35.194.61K
2026-05-09Collich JohnBuy14$35.19493
2026-05-09Collich JohnSell98$35.193.45K
2026-05-09Pearson David ToddBuy157$35.195.52K
2026-05-09Pearson David ToddSell1.21K$35.1942.44K
2026-05-09Godby LoriSell34$35.191.20K
2026-05-09Lotuff Patricia SaulBuy18$35.19633
2026-05-09Lotuff Patricia SaulSell152$35.195.35K
2026-05-09SAUL B FRANCIS IIBuy268$35.199.43K
2026-05-09Garland Judith K.Buy13$35.19457
2026-05-09Garland Judith K.Sell106$35.193.73K
2026-05-08Friedlis Zachary MaxwellBuy1.50K——
2026-05-08Friedlis Zachary MaxwellBuy1.50K——
2026-05-08Heard Carlos LawrenceBuy2.00K——
2026-05-08Heard Carlos LawrenceBuy2.00K——
2026-05-08Laycock Willoughby B.Buy500——
2026-05-08Laycock Willoughby B.Buy500——
2026-05-08Hachey Donald ABuy1.50K——
2026-05-08Hachey Donald ABuy1.50K——
2026-05-08Guevara Bettina T.Buy2.50K——
2026-05-08Guevara Bettina T.Buy2.50K——
2026-05-08Friedman Joel AlbertBuy2.00K——
2026-05-08Friedman Joel AlbertBuy2.00K——
2026-05-08Collich JohnBuy1.50K——
2026-05-08Collich JohnBuy1.50K——
2026-05-08Pearson David ToddBuy17.50K——
2026-05-08Pearson David ToddBuy17.50K——
2026-05-08Godby LoriBuy500——
2026-05-08Godby LoriBuy500——
2026-05-08Lotuff Patricia SaulBuy2.00K——
2026-05-08Lotuff Patricia SaulBuy2.00K——
2026-05-08SAUL B FRANCIS IIBuy20.00K——
2026-05-08SAUL B FRANCIS IIBuy20.00K——
2026-05-08Garland Judith K.Buy1.50K——
2026-05-08Garland Judith K.Buy1.50K——
2026-05-08Walker Helgi C.Buy2.00K——
2026-05-08Powell Earl A IIIBuy2.00K——
2026-05-08CARACI PHILIP DBuy2.00K——
2026-05-08Platts H. GregoryBuy2.00K——
2026-05-08Sullivan Mark IIIBuy2.00K——
2026-05-08Leffall LaSalle D. IIIBuy2.00K——
2026-05-08Saul Andrew M. IIBuy2.00K——
2026-05-08CLANCY GEORGE PATRICK JRBuy2.00K——
2026-05-08Walker Helgi C.Other0——
2026-04-01CLANCY GEORGE PATRICK JRBuy614——
2026-03-30Heard Carlos LawrenceBuy500$20.6010.30K
2026-03-11Guevara Bettina T.Buy500——
2026-03-11Guevara Bettina T.Buy1.00K——
2026-03-11Guevara Bettina T.Sell500——
2026-03-11Guevara Bettina T.Sell500——
2026-03-11SAUL B FRANCIS IIBuy4.00K——
2026-03-11SAUL B FRANCIS IIBuy8.00K——
2026-03-11SAUL B FRANCIS IISell4.00K——
2026-03-11SAUL B FRANCIS IISell4.00K——
2026-03-11Collich JohnBuy300——
2026-03-11Collich JohnBuy600——
2026-03-11Collich JohnSell300——
2026-03-11Collich JohnSell300——
2026-03-11Garland Judith K.Buy250——
2026-03-11Garland Judith K.Buy500——
2026-03-11Garland Judith K.Sell300——
2026-03-11Garland Judith K.Sell200——
2026-03-11Hachey Donald ABuy300——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 196, holders +15 vs prior quarter. Ownership 49.24%.

HolderSharesChangeChange %Value
BLACKROCK, INC.2.25M141.99K+6.72%84.30M
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.1.41M60.20K+4.47%52.63M
VANGUARD PORTFOLIO MANAGEMENT LLC1.30M-13.52K-1.03%48.71M
ADAGE CAPITAL PARTNERS GP, L.L.C.723.20K-11.60K-1.58%27.04M
STATE STREET CORP570.91K51.50K+9.92%21.35M
VANGUARD CAPITAL MANAGEMENT LLC550.63K-32.66K-5.60%20.59M
PRINCIPAL FINANCIAL GROUP INC416.39K-182.80K-30.51%15.57M
GEODE CAPITAL MANAGEMENT, LLC361.26K25.61K+7.63%13.51M
MORGAN STANLEY342.21K79.49K+30.26%12.80M
AMERIPRISE FINANCIAL INC235.69K24.43K+11.57%8.81M
DIMENSIONAL FUND ADVISORS LP202.29K50+0.02%7.56M
RENAISSANCE TECHNOLOGIES LLC177.07K-9.40K-5.04%6.62M
NORTHERN TRUST CORP160.29K11.14K+7.47%5.99M
INVESCO LTD.157.77K-3.72K-2.30%5.90M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.137.61K137.61KNew5.15M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC137.61K3.20K+2.38%5.15M
BANK OF NEW YORK MELLON CORP120.62K4.38K+3.77%4.51M
NUVEEN, LLC98.47K68.73K+231.08%3.68M
CARY STREET PARTNERS FINANCIAL LLC96.63K4.43K+4.80%3.61M
JPMORGAN CHASE & CO94.51K6.26K+7.09%3.57M
GOLDMAN SACHS GROUP INC94.48K14.78K+18.54%3.53M
VANGUARD FIDUCIARY TRUST CO90.87K4.08K+4.70%3.40M
TWO SIGMA INVESTMENTS, LP90.52K33.49K+58.74%3.38M
MAN GROUP PLC89.38K-119.47K-57.21%3.34M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP87.85K8.27K+10.39%3.28M

Earnings and financials

Saul Centers, Inc. (BFS) trades at $29.16, with a market cap of $720.75M and a trailing P/E of 20.26. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
217070000227285000227904000231525000225207000239225000245860000257207000268847000291565000

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Saul Centers (BFS) Financials: Revenue & Earnings

BFS$29.16+0.24 +0.83%

$720.75M

Market Cap

20.26

P/E

51.16

Forward P/E

45

Score

Price History