Saul Centers Inc. Common Stock (BFS)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable cash flows bought at sensible prices. Saul Centers is a retail REIT with 62 properties, mostly community and neighborhood shopping centers and mixed-use, concentrated in the Washington, DC/Baltimore metro. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue rose to $76.8M from $70.8M in fiscal Q2 2025, but net income fell to $8.8M from $10.7M and diluted EPS dropped to $0.24 from $0.33. For fiscal year 2025, revenue was $289.8M, net income $37.5M, and diluted EPS $1.09, down from fiscal year 2024 net income of $50.6M and EPS of $1.63. FairStock's Lynch category is SLOW GROWER—Shrinking, based on profit falling 1.5% a year over five years while revenue rose 5.2%. At the 2026-10-13 close, FairStock shows a 30.62 P/E, 6.63 P/B, 3.42 debt-to-equity, 9.56% ROE, and a 0.07 Altman Z-Score. That leverage is a real risk. The positives are a 7.80% dividend yield and a 14.0% FCF yield, with trailing FCF of $102.9M. But REIT EPS is distorted by depreciation, and FFO/AFFO—the proper measures—are not in the data. Price is near the low end of its 52-week range, yet P/B and P/E remain high. I would need FFO/AFFO and clearer debt coverage before treating this as cheap. The business is steady but not growing profitably.

In plain English: Saul Centers owns and manages shopping centers and mixed-use properties, mostly in the Washington, DC/Baltimore area. Revenue has been rising, but profit has been falling and the company uses a lot of debt. At the recent price, the shares look expensive compared with earnings and accounting value, though the dividend and cash flow are relatively high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer