Saul Centers Inc
Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.5 million square feet of leasable area and (b) three land and development properties. Over 85% of the S… Read more
Saul Centers Inc (BFS) - Net Assets
Latest net assets as of September 2025: $485.20 Million USD
Based on the latest financial reports, Saul Centers Inc (BFS) has net assets worth $485.20 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.17 Billion) and total liabilities ($1.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $485.20 Million |
| % of Total Assets | 22.38% |
| Annual Growth Rate | 13.8% |
| 5-Year Change | 17.21% |
| 10-Year Change | 41.67% |
| Growth Volatility | 35.13 |
Saul Centers Inc - Net Assets Trend (1993–2024)
This chart illustrates how Saul Centers Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Saul Centers Inc (1993–2024)
The table below shows the annual net assets of Saul Centers Inc from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $501.12 Million | -0.66% |
| 2023-12-31 | $504.43 Million | -3.33% |
| 2022-12-31 | $521.80 Million | -1.64% |
| 2021-12-31 | $530.49 Million | +24.08% |
| 2020-12-31 | $427.53 Million | -3.57% |
| 2019-12-31 | $443.36 Million | +4.27% |
| 2018-12-31 | $425.22 Million | +8.17% |
| 2017-12-31 | $393.10 Million | +5.32% |
| 2016-12-31 | $373.25 Million | +5.52% |
| 2015-12-31 | $353.73 Million | +4.27% |
| 2014-12-31 | $339.26 Million | +7.66% |
| 2013-12-31 | $315.13 Million | +2.55% |
| 2012-12-31 | $307.29 Million | +4.80% |
| 2011-12-31 | $293.21 Million | +22.26% |
| 2010-12-31 | $239.81 Million | +6.08% |
| 2009-12-31 | $226.06 Million | -0.80% |
| 2008-12-31 | $227.89 Million | +48.44% |
| 2007-12-31 | $153.52 Million | +11.35% |
| 2006-12-31 | $137.88 Million | +20.43% |
| 2005-12-31 | $114.48 Million | +13.39% |
| 2004-12-31 | $100.96 Million | +8.98% |
| 2003-12-31 | $92.64 Million | +798.30% |
| 2002-12-31 | $-13.27 Million | +45.00% |
| 2001-12-31 | $-24.12 Million | +22.57% |
| 2000-12-31 | $-31.16 Million | +2.21% |
| 1999-12-31 | $-31.86 Million | +14.55% |
| 1998-12-31 | $-37.28 Million | +2.02% |
| 1997-12-31 | $-38.05 Million | -44.36% |
| 1996-12-31 | $-26.36 Million | -57.85% |
| 1995-12-31 | $-16.70 Million | -263.04% |
| 1994-12-31 | $-4.60 Million | -150.55% |
| 1993-12-31 | $9.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Saul Centers Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 30114100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $243.00K | 0.07% |
| Other Comprehensive Income | $2.97 Million | 0.88% |
| Other Components | $639.09 Million | 190.34% |
| Total Equity | $335.75 Million | 100.00% |
Saul Centers Inc Competitors by Market Cap
The table below lists competitors of Saul Centers Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TBO Tek Ltd
NSE:TBOTEK
|
$453.62 Million |
|
Miller Industries Inc
NYSE:MLR
|
$453.63 Million |
|
Asset World Corp Public Company Limited
BK:AWC
|
$453.74 Million |
|
Nichicon Corporation
PINK:NCHNF
|
$453.79 Million |
|
EverQuote Inc Class A
NASDAQ:EVER
|
$453.53 Million |
|
Sinopec Kantons Holdings Limited
F:SAK
|
$453.50 Million |
|
Probe Gold Inc.
TO:PRB
|
$453.44 Million |
|
Xiangyu Medical Co. Ltd. A
SHG:688626
|
$453.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Saul Centers Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 348,389,000 to 335,754,000, a change of -12,635,000 (-3.6%).
- Net income of 50,649,000 contributed positively to equity growth.
- Dividend payments of 68,088,000 reduced retained earnings.
- Share repurchases of 18,873,000 reduced equity.
- New share issuances of 2,406,000 increased equity.
- Other comprehensive income increased equity by 952,000.
- Other factors increased equity by 20,319,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $50.65 Million | +15.09% |
| Dividends Paid | $68.09 Million | -20.28% |
| Share Repurchases | $18.87 Million | -5.62% |
| Share Issuances | $2.41 Million | +0.72% |
| Other Comprehensive Income | $952.00K | +0.28% |
| Other Changes | $20.32 Million | +6.05% |
| Total Change | $- | -3.63% |
Book Value vs Market Value Analysis
This analysis compares Saul Centers Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 40.78x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.82 | $33.40 | x |
| 1994-12-31 | $-0.39 | $33.40 | x |
| 1995-12-31 | $-1.42 | $33.40 | x |
| 1996-12-31 | $-2.21 | $33.40 | x |
| 1997-12-31 | $-3.13 | $33.40 | x |
| 1998-12-31 | $-2.94 | $33.40 | x |
| 1999-12-31 | $-2.42 | $33.40 | x |
| 2000-12-31 | $-2.28 | $33.40 | x |
| 2001-12-31 | $-1.70 | $33.40 | x |
| 2002-12-31 | $-0.89 | $33.40 | x |
| 2003-12-31 | $5.92 | $33.40 | x |
| 2004-12-31 | $6.22 | $33.40 | x |
| 2005-12-31 | $6.67 | $33.40 | x |
| 2006-12-31 | $7.65 | $33.40 | x |
| 2007-12-31 | $8.37 | $33.40 | x |
| 2008-12-31 | $12.52 | $33.40 | x |
| 2009-12-31 | $12.52 | $33.40 | x |
| 2010-12-31 | $13.06 | $33.40 | x |
| 2011-12-31 | $13.18 | $33.40 | x |
| 2012-12-31 | $13.59 | $33.40 | x |
| 2013-12-31 | $13.56 | $33.40 | x |
| 2014-12-31 | $14.05 | $33.40 | x |
| 2015-12-31 | $14.31 | $33.40 | x |
| 2016-12-31 | $14.74 | $33.40 | x |
| 2017-12-31 | $15.19 | $33.40 | x |
| 2018-12-31 | $15.87 | $33.40 | x |
| 2019-12-31 | $16.27 | $33.40 | x |
| 2020-12-31 | $15.60 | $33.40 | x |
| 2021-12-31 | $17.12 | $33.40 | x |
| 2022-12-31 | $16.71 | $33.40 | x |
| 2023-12-31 | $14.48 | $33.40 | x |
| 2024-12-31 | $13.91 | $33.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Saul Centers Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.84%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 6.33x
- Recent ROE (15.09%) is above the historical average (11.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 10.99% | 5.41% | 0.09x | 23.45x | $90.00K |
| 1994 | 0.00% | 12.20% | 0.22x | 0.00x | $7.46 Million |
| 1995 | 0.00% | 10.41% | 0.23x | 0.00x | $8.07 Million |
| 1996 | 0.00% | 9.14% | 0.24x | 0.00x | $8.49 Million |
| 1997 | 0.00% | 3.77% | 0.26x | 0.00x | $6.36 Million |
| 1998 | 0.00% | 12.93% | 0.26x | 0.00x | $12.86 Million |
| 1999 | 0.00% | 18.02% | 0.25x | 0.00x | $16.48 Million |
| 2000 | 0.00% | 17.77% | 0.24x | 0.00x | $17.16 Million |
| 2001 | 0.00% | 20.06% | 0.25x | 0.00x | $19.73 Million |
| 2002 | 0.00% | 20.82% | 0.24x | 0.00x | $20.89 Million |
| 2003 | 20.77% | 19.66% | 0.21x | 5.09x | $9.98 Million |
| 2004 | 25.92% | 23.20% | 0.19x | 5.78x | $16.08 Million |
| 2005 | 26.23% | 23.01% | 0.20x | 5.67x | $18.09 Million |
| 2006 | 24.74% | 23.68% | 0.20x | 5.30x | $19.47 Million |
| 2007 | 24.67% | 24.37% | 0.21x | 4.89x | $21.83 Million |
| 2008 | 17.65% | 24.76% | 0.19x | 3.80x | $17.20 Million |
| 2009 | 16.34% | 22.79% | 0.17x | 4.12x | $14.24 Million |
| 2010 | 15.32% | 22.48% | 0.16x | 4.23x | $12.77 Million |
| 2011 | 10.70% | 15.33% | 0.15x | 4.77x | $1.75 Million |
| 2012 | 12.47% | 17.56% | 0.16x | 4.51x | $6.60 Million |
| 2013 | 11.16% | 15.60% | 0.17x | 4.33x | $3.20 Million |
| 2014 | 16.05% | 22.67% | 0.16x | 4.33x | $17.69 Million |
| 2015 | 14.00% | 20.31% | 0.16x | 4.30x | $12.14 Million |
| 2016 | 14.22% | 20.86% | 0.16x | 4.22x | $13.43 Million |
| 2017 | 14.43% | 21.23% | 0.16x | 4.25x | $14.82 Million |
| 2018 | 14.20% | 22.18% | 0.15x | 4.29x | $14.96 Million |
| 2019 | 13.79% | 22.34% | 0.14x | 4.32x | $14.22 Million |
| 2020 | 11.08% | 17.93% | 0.14x | 4.52x | $3.95 Million |
| 2021 | 0.73% | 1.24% | 0.14x | 4.31x | $-37.54 Million |
| 2022 | 12.53% | 20.42% | 0.13x | 4.58x | $10.15 Million |
| 2023 | 15.12% | 20.49% | 0.13x | 5.72x | $17.85 Million |
| 2024 | 15.09% | 18.84% | 0.13x | 6.33x | $17.07 Million |
Industry Comparison
This section compares Saul Centers Inc's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $24,499,245,141
- Average return on equity (ROE) among peers: 3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saul Centers Inc (BFS) | $485.20 Million | 10.99% | 3.47x | $453.57 Million |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |