- CEO
- Bernard Francis Saul
- Full Time Employees
- 141
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 7501 Wisconsin Avenue Bethesda MD United States of America 20814
- IPO Date
- Jan 18, 2018
- Business
- Saul Centers, Inc. (NYSE: BFS-PD) is a self-managed, self-administered equity real estate investment trust (REIT) headquartered in Bethesda, Maryland, and founded in 1993 that acquires, owns, operates, and develops income-producing grocery-anchored shopping centers and mixed-use properties primarily in the Washington, DC/Baltimore metropolitan area. The company operates through two segments: Shopping Centers, consisting of 50 community and neighborhood shopping centers anchored by supermarkets, discount department stores, and drug stores totaling approximately 10.2 million square feet of leasable area; and Mixed-Use Properties, encompassing eight facilities with office, retail, and multifamily residential components, plus four land and development parcels, with over 85% of property operating income generated from the greater DC/Baltimore region and additional assets in Maryland, Virginia, and select national locations. Recent developments include the October 2024 delivery of Twinbrook Quarter Phase I, a mixed-use project featuring 452 residential units and an 80,000 square foot Wegmans supermarket with 202 units leased as of early 2025; strategic focus on transit-oriented residential mixed-use expansions and grocery-anchored shopping center enhancements via pad site additions and tenant repositioning; ongoing construction supported by a $145 million loan for Twinbrook and $133 million for Hampden House; recent property acquisitions and fresh partnerships bolstering long-term development plans; and improved commercial leasing to 95.2% as of December 31, 2024.