- 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
- Sep 11, 2019
- Business
- Saul Centers, Inc. (NYSE: BFS-PE) is a self-managed, self-administered equity real estate investment trust that owns, operates, develops and manages a portfolio of retail, office and mixed-use properties primarily in the metropolitan Washington, D.C./Baltimore area; the portfolio consists of 50 community and neighborhood shopping centers anchored by supermarkets, discount department stores and drug stores, eight mixed-use properties totaling approximately 10.2 million square feet of leasable area, and four non-operating land and development sites; properties target day-to-day necessities and services retailers as well as office tenants; the company generates approximately 85 percent of cash flow from its regional portfolio; founded in 1993 and headquartered at 7501 Wisconsin Avenue, Suite 1500E in Bethesda, Maryland. Saul Centers operates through two segments, Shopping Centers, which contributes the majority of revenue through grocery-anchored centers, and Mixed-Use Properties encompassing office and retail facilities in diverse commercial environments; it provides leasing, property management and development services to commercial tenants; in October 2024, the company delivered Twinbrook Quarter Phase 1, a major mixed-use development adjacent to the Twinbrook Metro Station in Rockville, Maryland, comprising 452 apartment units, an 80,000 square foot Wegmans supermarket and 25,000 square feet of small shop space, with 202 residential units leased and occupied as of February 2025; in May 2024, following shareholder approval, Saul Centers established the 2024 Stock Incentive Plan; additionally, President and COO Todd David Pearson purchased $50,000 of company stock in May 2025, signaling insider confidence; the company reported revenue growth of 7.74 percent over the three months ended March 31, 2025, and continued internal growth through renovations, expansions and selective acquisitions.