Saul Centers: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:12 PM ET
Last Updated - Jun 21, 2023, 10:35 PM EDT
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Saul Centers Inc. (BFS) on Thursday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $26.9 million, or 79 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $10.7 million, or 45 cents per share.
