Saul Centers (BFS) Q2 EPS Drops 31%

Saul Centers (NYSE:BFS), a real estate investment trust focused on grocery-anchored shopping centers and mixed-use developments in the Mid-Atlantic, reported its second quarter results on August 7, 2025. The quarter featured solid GAAP revenue growth and notable progress in the lease-up of its major Twinbrook Quarter Phase I project, but profitability dropped significantly due to high start-up expenses for this development. EPS (GAAP) fell to $0.33, down from $0.48 in the prior year period, and Non-GAAP funds from operations (FFO) per diluted share came in at $0.73, missing last year’s $0.83. No formal analyst estimates were available. Overall, the quarter saw continued progress on long-term strategies but revealed clear near-term financial headwinds tied to new asset launches and softer core property performance.Saul Centers develops and manages grocery-anchored shopping centers and mixed-use properties, with a primary focus on the suburban districts and urban corridors of the Mid-Atlantic, especially Montgomery County, Maryland. Its core business is growing and diversifying a portfolio of highly accessible, transit-oriented retail and residential sites, often anchored by major grocery tenants.In recent years, the company concentrated on expanding its pipeline of mixed-use and residential projects, such as Twinbrook Quarter. Key factors for ongoing success include careful asset diversification, prudent financial leverage, and strategic site selection that leverages proximity to major transit lines. Internally managed property operations and maintaining a debt-to-asset ratio under 50 % are also critical focuses.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool