Saul Centers Q4 revenue rises to $67.9M, but net income falls to $10.4M
Saul Centers reported fourth quarter 2024 results on February 28, 2025. Total revenue rose to $67.9 million from $66.7 million, but net income fell to $10.4 million from $17.5 million, and FFO per diluted share fell to $0.63 from $0.79. The company attributed the profit decline mainly to initial operations at Twinbrook Quarter Phase 1, which began carrying interest, taxes and other costs as expenses after its October 1, 2024 delivery, along with lower lease termination fees.
Key points
- Q4 2024 total revenue was $67.9 million, up from $66.7 million in Q4 2023.
- Net income available to common stockholders was $5.3 million, or $0.22 per basic and diluted share, versus $10.4 million, or $0.43, a year earlier.
- Twinbrook Quarter Phase 1 reduced quarterly net income by $6.8 million compared with the prior-year quarter.
- Lower lease termination fees of $2.4 million reduced results; commercial portfolio was 95.2% leased at December 31, 2024, up from 94.1%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.