Saul Centers Q1 revenue rises to $78.3 million; net income falls to $12.0 million
Saul Centers reported first-quarter 2026 total revenue of $78.3 million, up from $71.9 million a year earlier, while net income fell to $12.0 million from $12.8 million. Net income available to common stockholders was $0.26 per share, down from $0.29, and funds from operations (FFO) per share held at $0.71, with the company citing the initial operations of its Hampden House property as a drag on earnings.
Key points
- Total revenue rose to $78.3 million from $71.9 million in the first quarter of 2025.
- Net income available to common stockholders was $6.3 million, or $0.26 per share, versus $7.0 million, or $0.29 per share, a year earlier.
- Hampden House, opened October 1, 2025, reduced net income by $4.8 million compared with the prior-year quarter.
- As of May 4, 2026, 167 of 366 Hampden House residential units (45.6%) were leased and occupied.
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 May 07, 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.