Saul Centers, Inc. (BFS) AI Stock Analysis

Saul Centers, Inc., based in Bethesda, Maryland, is a self-managed and self-administered equity real estate investment trust that operates a portfolio of 60 properties. Its portfolio includes 50 community and neighborhood shopping centers, seven mixed-use properties totaling approximately 9.8 million square feet of leasable area, and three land and development properties. The company focuses operations primarily in the metropolitan Washington, DC/Baltimore area, where approximately 85% of its property operating income is derived. Its portfolio provides spaces for retail, dining, residential, and commercial uses, supported by 156 employees.

Saul Centers grew revenue from $239.2M in FY2021 to $245.9M in FY2022, $257.2M in FY2023, $268.8M in FY2024, and $291.6M in FY2025, achieving a 5-year revenue CAGR of 5.3%. Operating margin stood at 44.8% in FY2021, reached 64.8% in FY2023, and was 41.0% in FY2025. Annual net income moved from $3.0M in FY2021 to $52.7M in FY2023 before declining to $37.5M in FY2025. Over the trailing twelve months, revenue reached $302.2M with a profit margin of 11.5% and an operating margin of 41.1%. In the latest quarter ending June 30, 2026, quarterly revenue rose 8.4% year-over-year, while quarterly earnings declined 26.7%.

As of June 30, 2026, Saul Centers held $5.9M in cash and short-term investments alongside total debt of $1.60B, resulting in net debt of $1.60B. Shareholders' equity was $295.9M against total assets of $2.16B, producing a debt-to-equity ratio of 5.42 and a current ratio of 1.35. During FY2025, the company generated $99.8M in operating cash flow and free cash flow. It deployed capital toward $95.9M in capital expenditures and paid $68.3M in dividends, while raising $21.8M through share issuance.

At a closing price of $29.49 on October 16, 2026, Saul Centers has a market capitalization of $1.02B and an enterprise value of $2.53B. The stock trades at a trailing P/E of 30.1x and a forward P/E of 178.6x, compared to medians of 21.6x and 23.5x for its US-listed Real Estate peers. Its price-to-sales of 3.4x and EV-to-EBITDA of 14.0x compare to peer medians of 3.7x and 14.7x. Over the past year, BFS gained 5.8%, trailing the 16.8% return of the S&P 500 (SPY), while its 5-year return of -12.0% underperformed SPY's 83.0% gain.

Saul Centers pays an annualized forward dividend of $2.36 per share, representing a dividend yield of 8.00% with a quarterly distribution frequency. The trust has paid dividends for 34 consecutive years, recording a 5-year annualized dividend growth rate of 2.2%. Its reported payout ratio stands at 1.7%, and the most recent ex-dividend date was October 15, 2026.

Two analysts cover the company, with 2 Strong Buy ratings and no Buy, Hold, or Sell ratings. The mean price target is $43.00, representing a 45.8% upside from the last close of $29.49. For the fiscal year ending December 31, 2026, estimated revenue is $311.4M with EPS estimated at $0.57, representing an EPS decline of 47.7%. For the following year, 1 analyst estimates EPS of $0.80 and revenue of $322.0M. Saul Centers beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Saul Centers, Inc. (BFS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BFS income statement, BFS balance sheet, BFS key metrics, BFS analyst forecast, BFS chart. See the BFS stock overview for the latest quote and news.