SAUL CENTERS, INC. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Saul Centers reported Q2 2026 revenue of $76.8M (up 8.5% YoY) but net income fell to $11.5M from $14.2M due to Hampden House (opened Oct 1, 2025) generating $4.0M in net losses; the property was 64.2% leased (235 of 366 units) and 85.1% leased in retail. Excluding Hampden House, net income rose $1.3M; same-property net operating income grew 6.9% YoY. FFO per share declined to $0.69 from $0.73 YoY, but was $0.07/share lower due to Hampden House startup costs.
Why this rating
New mixed-use property drag temporary but manageable; same-property strength offsets; $4M impact ~0.9% of market cap, not transformational relative to $451.6M valuation.
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