BFS · Saul Centers, Inc.

Summary

Revenue grew 8.9% driven by new developments, but net income fell 6.9% as initial operations of Hampden House weighed on profitability.

Key takeaways

• Revenue increased 8.9% to $78.3 million, driven by contributions from new developments.
• Diluted EPS declined 10.3% to $0.26, reflecting lower net income.
• Operating cash flow was $29.3 million, down from $30.4 million in the prior year quarter.