Saul Centers Q1 revenue rises

Saul Centers

07/05/2026 21:59

Overview

U.S. shopping center REIT's Q1 revenue rose yr/yr, but net income declined

Net income fell due to initial operations of Hampden House property

Q1 funds from operations per share was unchanged yr/yr at $0.71

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

HAMPDEN HOUSE IMPACT - Initial operations of Hampden House increased expenses, reducing net income and FFO despite growing revenue as occupancy ramps up

HIGHER BASE RENT - Excluding Hampden House, higher residential and commercial base rent and lower credit losses supported net income and FFO growth

TWINBROOK QUARTER LEASE-UP - Lease-up of Twinbrook Quarter Phase I drove increases in same property revenue and net operating income, especially in mixed-use properties

Company press release: ID:nPn7M7jmba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Revenue
$76.82 mln
Q1 Net Income
$12.04 mln
Q1 Property Operating Expenses
$15.74 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Saul Centers Inc is $43.50, about 27.2% above its May 6 closing price of $34.21

The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 31 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)