Saul Centers Q4 revenue rises to $75.1 million, but net income falls to $8.2 million
Saul Centers reported fourth-quarter 2025 total revenue of $75.1 million, up from $67.9 million a year earlier, while net income fell to $8.2 million from $10.4 million. Net income available to common stockholders dropped to $3.7 million, or $0.15 per share, from $5.3 million, or $0.22 per share, which the company attributes mainly to the start of operations at its Hampden House property.
Key points
- Q4 2025 total revenue was $75.1 million, compared with $67.9 million in Q4 2024.
- Q4 2025 net income available to common stockholders was $3.7 million, or $0.15 per diluted share, versus $5.3 million, or $0.22, a year earlier.
- Hampden House, which opened October 1, 2025, reduced Q4 net income by $5.1 million, including a $2.8 million reduction in capitalized interest.
- Funds from operations available to common stockholders and noncontrolling interests were $21.5 million, or $0.61 per share, versus $22.0 million, or $0.63, a year earlier.
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 27, 2026.
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.