Saul Centers Q2 revenue rises to $70.8 million, but net income falls to $14.2 million
Saul Centers reported second-quarter 2025 results with total revenue up to $70.8 million from $66.9 million a year earlier, while net income fell to $14.2 million from $19.5 million. Management attributed the profit decline mainly to the initial operations of Twinbrook Quarter Phase I, which reduced net income by $5.4 million, including a $3.5 million reduction in capitalized interest. For shareholders, net income available to common stockholders dropped to $0.33 per share from $0.48, and funds from operations fell to $0.73 per share from $0.83.
Key points
- Total revenue rose to $70.8 million for the quarter ended June 30, 2025, from $66.9 million a year earlier.
- Net income available to common stockholders fell to $7.9 million, or $0.33 per share, from $11.6 million, or $0.48 per share.
- Same property net operating income decreased 4.3% to $48.1 million, with lower lease termination fees cited as a key factor in the shopping center segment.
- As of June 30, 2025, 94.0% of the commercial portfolio was leased, compared with 95.8% a year earlier.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 August 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.