Seasonality
BFS seasonality — Saul Centers, Inc.
Over the last 11 years, BFS's strongest month on average has been November (+7.7%) and its weakest September (-3.9%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | -2.53% | -5.10% | 30% | +12.2% | -11.4% | 10 |
| Feb | -0.77% | -2.27% | 50% | +18.3% | -12.9% | 10 |
| Mar | -0.77% | -2.25% | 40% | +14.5% | -23.9% | 10 |
| Apr | -1.63% | -2.31% | 30% | +7.7% | -9.3% | 10 |
| May | -1.18% | +0.29% | 50% | +3.6% | -6.9% | 10 |
| Jun | +3.76% | +3.40% | 90% | +8.9% | -4.0% | 10 |
| Jul | +0.33% | -0.11% | 50% | +11.0% | -8.9% | 10 |
| Aug | -1.39% | -0.76% | 50% | +12.6% | -15.3% | 10 |
| Sep | -3.86% | -5.62% | 30% | +8.5% | -15.3% | 10 |
| Oct | -2.87% | -2.54% | 20% | +9.2% | -14.7% | 10 |
| Nov | +7.65% | +5.60% | 89% | +26.1% | -0.8% | 9 |
| Dec | -0.47% | +0.35% | 50% | +7.7% | -10.3% | 10 |
Monthly returns heat map — BFS
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.6 | 7.4 | -4.4 | 5.7 | 0.7 | 7.9 | -8.9 | -4.3 | -7.8 | -3.3 | -1.9 | -9.5% | |
| 2025 | -5.9 | 2.5 | -3.7 | -9.3 | 3.0 | 1.4 | -5.6 | 6.0 | -6.7 | -7.1 | 5.0 | 1.4 | -18.7% |
| 2024 | -2.6 | -5.4 | 6.4 | -5.4 | -0.1 | 1.0 | 7.6 | 3.2 | 2.8 | -6.7 | 5.0 | -5.6 | -1.2% |
| 2023 | 5.2 | -8.2 | -0.8 | -7.6 | -6.2 | 8.9 | 4.7 | -2.6 | -6.1 | -1.4 | 6.3 | 6.3 | -3.5% |
| 2022 | -6.9 | -6.8 | 14.5 | -2.1 | -4.9 | -4.0 | 11.0 | -15.3 | -15.3 | 9.2 | 5.2 | -5.6 | -23.3% |
| 2021 | -5.5 | 18.3 | 13.2 | 7.7 | 2.9 | 2.2 | 0.3 | 1.1 | -4.4 | 5.3 | 6.1 | 7.7 | +67.4% |
| 2020 | -6.4 | -12.9 | -23.9 | -0.4 | -6.9 | 6.2 | -4.8 | -8.8 | -5.1 | -6.9 | 26.1 | 1.5 | -40.0% |
| 2019 | 12.2 | 7.0 | -9.3 | 3.9 | 0.6 | 4.5 | -2.4 | -8.3 | 8.5 | -1.8 | -0.8 | -0.7 | +11.8% |
| 2018 | -11.4 | -10.6 | 4.2 | -6.1 | 3.6 | 8.1 | -0.6 | 12.6 | -6.7 | -14.7 | 10.2 | -10.3 | -23.5% |
| 2017 | -4.7 | 0.9 | -3.8 | -2.5 | -4.6 | 1.2 | 2.0 | 2.4 | 2.2 | -1.3 | 5.6 | -4.3 | -7.3% |
| 2016 | 4.9 |