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Better Call Saul? I'll Keep Dialing

Saul Centers (NYSE:BFS) released earnings that were, for the most part, as expected. Overall, I think their earnings and portfolio statistics were okay, but the fourth quarter showed slowing growth in base rent and percentage rent.

Separately, the company declared a quarterly dividend of $0.43 per share a $0.03 per share increase (7.5%) over the amount paid in the previous quarter and the prior year's comparable quarter.

Saul Centers, Inc. is a self-managed, self-administered REIT, formed in 1993 and headquartered in Bethesda, Maryland. Saul Centers operates and manages a real estate portfolio of 59 community and neighborhood shopping center and office properties totaling approximately 9.3 million square feet of leaseable area. Approximately 85 percent of the REIT's cash flow is generated from properties in the metropolitan Washington, D.C./Baltimore area. Read more