Saul Centers, Inc. (BFS.PE) company profile
Close on Oct 30, 2026Market cap $462.21MP/E 19.3Yield 12.62%
About Saul Centers
Real Estate Investment Trusts, SIC 6798
Saul Centers, Inc. operates as a real estate investment trust that develops, renovates, manages, and redevelops community real estate assets. The company focuses primarily on grocery-anchored shopping centers alongside transit-oriented, residential mixed-use developments. Its properties accommodate retail stores, commercial office space, and multi-family residential apartments. The company’s primary customers comprise commercial retail tenants, office tenants, and residential apartment occupants.
As of December 31, 2025, the company's real estate portfolio consists of 50 shopping center properties, nine mixed-use properties, and three non-operating development properties. The organization operates primarily within the Washington, DC and Baltimore metropolitan area, with projects located across Maryland and Virginia. Saul Centers maintains its corporate headquarters in Bethesda, Maryland.
Summary of the business section of Saul Centers's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Saul Centers, Inc.
- Founded
- 1993
- Headquarters
- Bethesda, MD
- Address
- 7501 Wisconsin Avenue, Suite 1500 20814
- Phone
- (301) 986-7737
- Website
- saulcenters.com
- Employees
- 70, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, McLean, Virginia
Stock & identifiers
- Ticker
- BFS.PE
- Other tickers
- BFS, BFS.PD
- Exchange
- NYSE
- IPO date
- Aug 19, 1993
- Shares outstanding
- 25M, Aug 3, 2026
- Public float
- $451.60M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 907254
- CUSIP
- 804395101
- ISIN
- US8043951016
- EIN
- 52-1833074
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David Todd Pearson | President & COO, Director | 81,778 |
| Patricia Saul Lotuff | Vice Chair, Director | 23,548 |
| B. Francis Saul Ii | Chairman & CEO, Director | 600,992 |
| Willoughby B. Laycock | SVP-Res. Design/Mrkt Research, Director | 5,064 |
| Joel Albert Friedman | Exec VP, CAO & Treasurer | 15,950 |
| Carlos Lawrence Heard | Senior Vice President & CFO | 7,693 |
| Donald A. Hachey | SVP-Chief Construction Officer | 5,634 |
| John Collich | Sr. VP, Chief Acq. & Dev. Off. | 58,322 |
| Lori Godby | Senior Vice Pres.-Residential | 1,848 |
| Judith K. Garland | SVP, Office and Retail | 4,844 |
| Bettina T. Guevara | Exec. VP /Chf Legal & Adm Off | 9,509 |
| Zachary Maxwell Friedlis | Sr. VP-Director of Leasing | 6,547 |
| George Patrick Clancy Jr | Director | 22,605 |
| Helgi C. Walker | Director | 2,000 |
| Philip D. Caraci | Director | 131,769 |
| Mark Sullivan III | Director | 11,200 |
| H. Gregory Platts | Director | 8,900 |
| Andrew M. Saul II | Director | 10,800 |
| Earl A. Powell III | Director | 7,200 |
| LaSalle D. Leffall III | Director | 6,000 |
| John E. Chapoton | Director | 11,466 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $1.26M | $1.21M | $1.15M | $134 | $138 |
| FY2024 | $1.38M | $1.40M | $1.10M | $98 | $123 |
| FY2023 | $302.29K | $302.29K | $944.71K | $94 | $113 |
| FY2022 | $293.17K | $293.17K | $896.36K | $91 | $100 |
| FY2021 | $248.47K | $248.47K | $680.84K | $113 | $132 |
| FY2020 | $193.91K | $193.91K | $706.53K | $64 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| B. Francis Saul II Chairman and Chief Executive Officer | $125.00K | $25.00K | $1.01M | $102.14K | $1.26M | -9% |
| D. Todd Pearson President and Chief Operating Officer | $1.10M | $172.50K | $883.95K | $108.93K | $2.27M | +4% |
| Carlos L. Heard Senior Vice President - Chief Financial Officer | $547.19K | $83.25K | $101.02K | $55.72K | $787.18K | +6% |
| John F. Collich Senior Vice President-Chief Acquisitions and Development Officer | $521.22K | $78.41K | $75.77K | $96.19K | $771.59K | +3% |
| Zachary M. Friedlis Senior Vice President- Retail Leasing | $514.59K | $78.00K | $75.77K | $86.04K | $754.40K | +7% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company had approximately 70 full-time equivalent corporate employees and 86 full-time employees and 12 part-time employees at its properties.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 17, 2019 | Delisting | Notice of delisting from exchange (Form 25) |
| Sep 17, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 9, 2018 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jan 23, 2018 | Listing | Registration of securities on an exchange (Form 8-A) |
| Dec 23, 2014 | Delisting | Notice of delisting from exchange (Form 25) |
| Mar 20, 2013 | Delisting | Notice of delisting from exchange (Form 25) |
| Feb 7, 2013 | Listing | Registration of securities on an exchange (Form 8-A) |
| Dec 11, 2012 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 9, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 27, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 26, 2008 | Listing | Registration of securities on an exchange (Form 8-A) |
| Oct 31, 2003 | Listing | Registration of securities on an exchange (Form 8-A) |