10-Q quarterly report · filed Nov 6, 2025

SAUL CENTERS, INC. (BFS) Q3 2025 10-Q Quarterly Report

Short answer

SAUL CENTERS, INC. (BFS) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $72M (up 7.0% year over year) with net income of $10M.

Q3 2025 key financials · XBRL

Revenue
$72M
+7.0% YoY · +1.7% QoQ
Net income
$10M
−27.6% YoY · −2.2% QoQ
Operating margin
69.1%
EPS (diluted)
$0.31
−36.7% YoY · −6.1% QoQ

Source: XBRL data from the SAUL CENTERS, INC. (BFS) Q3 2025 10-Q on SEC EDGAR. USD.

SAUL CENTERS, INC. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $72.0M, up 7.0% YoY from $67.3M, driven by Twinbrook Quarter Phase I
  • Net income $14.0M vs $19.6M YoY, while total expenses rose 21.6% to $58.0M from $47.7M
  • Best segment Mixed-Use same-property revenue $20.3M; worst Shopping Centers same-property NOI $35.8M, down $0.4M YoY
  • Same-property NOI $48.0M, down 2.0% YoY; commercial leasing 94.4% vs 95.7%
  • Debt $1.61B, with 85.7% fixed-rate; outlook uncertainty from federal workforce reductions, government shutdown, and capital markets conditions

Risk Factors

  • No risk-factors section provided; submitted text contains Items 2–6 only
  • No basis to identify newly added or materially changed risks versus the most recent 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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