|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Real estate investments |
|
|
| Land |
$ 354,967 |
$ 353,890 |
| Buildings and equipment |
1,094,605 |
1,109,911 |
| Construction in progress |
9,867 |
2,267 |
| Total |
1,459,439 |
1,466,068 |
| Accumulated depreciation |
(364,663) |
(353,305) |
| Real estate investments, net |
1,094,776 |
1,112,763 |
| Cash and cash equivalents |
17,297 |
12,133 |
| Accounts receivable and accrued income, net |
43,884 |
41,406 |
| Deferred leasing costs, net |
26,052 |
26,102 |
| Prepaid expenses, net |
4,047 |
3,895 |
| Deferred debt costs, net |
9,675 |
7,713 |
| Other assets |
2,944 |
3,297 |
| Total assets |
1,198,675 |
1,207,309 |
| Liabilities |
|
|
| Mortgage notes payable |
820,068 |
789,776 |
| Revolving credit facility payable |
0 |
38,000 |
| Dividends and distributions payable |
13,135 |
13,490 |
| Accounts payable, accrued expenses and other liabilities |
20,141 |
27,434 |
| Deferred income |
30,205 |
31,320 |
| Total liabilities |
883,549 |
900,020 |
| Preferred stock, 1,000,000 shares authorized: |
|
|
| Common stock, $0.01 par value, 30,000,000 shares authorized, 20,576,616 and 20,045,542 shares issued and outstanding, respectively |
206 |
201 |
| Additional paid-in capital |
270,428 |
246,557 |
| Accumulated deficit |
(172,564) |
(154,830) |
| Accumulated other comprehensive loss |
(1,392) |
(3,553) |
| Total Saul Centers, Inc. stockholders' equity |
276,678 |
267,703 |
| Noncontrolling interest |
38,448 |
39,586 |
| Total stockholders' equity |
315,126 |
307,289 |
| Total liabilities and stockholders' equity |
1,198,675 |
1,207,309 |
|
Series A Preferred Stock
|
|
|
| Preferred stock, 1,000,000 shares authorized: |
|
|
| Cumulative Redeemable Preferred stock |
40,000 |
100,000 |
|
Series B Preferred Stock
|
|
|
| Preferred stock, 1,000,000 shares authorized: |
|
|
| Cumulative Redeemable Preferred stock |
0 |
79,328 |
|
Series C Preferred Stock
|
|
|
| Preferred stock, 1,000,000 shares authorized: |
|
|
| Cumulative Redeemable Preferred stock |
$ 140,000 |
$ 0 |