Saul Centers Inc (BFS) - Net Assets
Based on the latest financial reports, Saul Centers Inc (BFS) has net assets worth $473.47 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.16 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. Check Saul Centers Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $473.47 Million |
| % of Total Assets | 21.95% |
| Annual Growth Rate | 13.17% |
| 5-Year Change | -10.03% |
| 10-Year Change | 27.87% |
| Growth Volatility | 34.38 |
Saul Centers Inc - Net Assets Trend (1993–2025)
This chart illustrates how Saul Centers Inc's net assets have evolved over time, based on quarterly financial data. Also explore BFS total asset value for the complete picture of this company's asset base.
Annual Net Assets for Saul Centers Inc (1993–2025)
The table below shows the annual net assets of Saul Centers Inc from 1993 to 2025. For live valuation and market cap data, see market cap of Saul Centers Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $477.26 Million | -4.76% |
| 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 33230800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $245.00K | 0.08% |
| Other Comprehensive Income | $1.06 Million | 0.34% |
| Other Components | $644.22 Million | 209.29% |
| Total Equity | $307.82 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 |
|---|---|
|
Hitevision Co Ltd
SHE:002955
|
$852.54 Million |
|
Power Mech Projects Limited
NSE:POWERMECH
|
$852.71 Million |
|
Daishin Sec
KO:003540
|
$852.85 Million |
|
Sudarshan Chemical Industries Limited
NSE:SUDARSCHEM
|
$853.01 Million |
|
Sinopec Oilfield Equipment Corp
SHE:000852
|
$851.92 Million |
|
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A
SHG:603173
|
$851.77 Million |
|
Integra LifeSciences Holdings
NASDAQ:IART
|
$851.56 Million |
|
Artis Real Estate Investment Trust
TO:AX-UN
|
$851.22 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 2024 to 2025, total equity changed from 335,754,000 to 307,820,000, a change of -27,934,000 (-8.3%).
- Net income of 37,511,000 contributed positively to equity growth.
- Dividend payments of 68,341,000 reduced retained earnings.
- Share repurchases of 21,844,000 reduced equity.
- New share issuances of 3,155,000 increased equity.
- Other comprehensive income decreased equity by 1,905,000.
- Other factors increased equity by 23,490,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $37.51 Million | +12.19% |
| Dividends Paid | $68.34 Million | -22.2% |
| Share Repurchases | $21.84 Million | -7.1% |
| Share Issuances | $3.15 Million | +1.02% |
| Other Comprehensive Income | $-1.91 Million | -0.62% |
| Other Changes | $23.49 Million | +7.63% |
| Total Change | $- | -8.32% |
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: 2.73x
- 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 42.41x to 2.73x 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 | $34.73 | x |
| 1994-12-31 | $-0.39 | $34.73 | x |
| 1995-12-31 | $-1.42 | $34.73 | x |
| 1996-12-31 | $-2.21 | $34.73 | x |
| 1997-12-31 | $-3.13 | $34.73 | x |
| 1998-12-31 | $-2.94 | $34.73 | x |
| 1999-12-31 | $-2.42 | $34.73 | x |
| 2000-12-31 | $-2.28 | $34.73 | x |
| 2001-12-31 | $-1.70 | $34.73 | x |
| 2002-12-31 | $-0.89 | $34.73 | x |
| 2003-12-31 | $5.92 | $34.73 | x |
| 2004-12-31 | $6.22 | $34.73 | x |
| 2005-12-31 | $6.67 | $34.73 | x |
| 2006-12-31 | $7.65 | $34.73 | x |
| 2007-12-31 | $8.37 | $34.73 | x |
| 2008-12-31 | $12.52 | $34.73 | x |
| 2009-12-31 | $12.52 | $34.73 | x |
| 2010-12-31 | $13.06 | $34.73 | x |
| 2011-12-31 | $13.18 | $34.73 | x |
| 2012-12-31 | $13.59 | $34.73 | x |
| 2013-12-31 | $15.45 | $34.73 | x |
| 2014-12-31 | $14.05 | $34.73 | x |
| 2015-12-31 | $14.31 | $34.73 | x |
| 2016-12-31 | $14.74 | $34.73 | x |
| 2017-12-31 | $15.19 | $34.73 | x |
| 2018-12-31 | $15.87 | $34.73 | x |
| 2019-12-31 | $16.27 | $34.73 | x |
| 2020-12-31 | $15.60 | $34.73 | x |
| 2021-12-31 | $17.12 | $34.73 | x |
| 2022-12-31 | $21.77 | $34.73 | x |
| 2023-12-31 | $14.48 | $34.73 | x |
| 2024-12-31 | $13.91 | $34.73 | x |
| 2025-12-31 | $12.71 | $34.73 | 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): 12.19%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.87%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 7.03x
- Recent ROE (12.19%) is above the historical average (11.09%), 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 | 9.80% | 15.60% | 0.17x | 3.80x | $-640.60K |
| 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 | 9.62% | 20.42% | 0.13x | 3.51x | $-1.99 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 |
| 2025 | 12.19% | 12.87% | 0.13x | 7.03x | $6.73 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: $912,685,339
- Average return on equity (ROE) among peers: 10.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saul Centers Inc (BFS) | $473.47 Million | 10.99% | 3.56x | $852.13 Million |
| Agree Realty Corporation (ADC) | $30.31 Million | 12.32% | 3.00x | $9.07 Billion |
| Acadia Realty Trust (AKR) | $231.31 Million | 8.92% | 1.16x | $2.91 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $987.20 Million | 6.55% | 0.68x | $1.52 Billion |
| Alexanders Inc (ALX) | $236.50 Million | 24.37% | 4.91x | $1.26 Billion |
| Brixmor Property (BRX) | $2.46 Billion | 2.75% | 3.08x | $9.16 Billion |
| CBL & Associates Properties Inc (CBL) | $666.01 Million | 18.16% | 0.00x | $993.50 Million |
| Curbline Properties Corp. (CURB) | $862.64 Million | 3.60% | 0.07x | $2.95 Billion |
| Essential Properties Realty Trust Inc (EPRT) | $2.04 Billion | 4.68% | 0.61x | $6.79 Billion |
| Four Corners Property Trust Inc (FCPT) | $698.96 Million | 11.79% | 0.92x | $2.76 Billion |
About 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