Saul Centers, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.8M | $9.1M | $6.5M | $10.5M | $10.7M | $9.8M | $8.1M | $14.5M |
| Depreciation & Amortization | $16.0M | $15.9M | $16.1M | $14.1M | $14.1M | $14.5M | $14.4M | $12.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $627.0K | $549.0K | $554.0K | $521.0K | $480.0K | $428.0K | $393.0K | $606.0K |
| Net Cash from Operating Activities | $30.8M | $29.3M | $22.2M | $20.6M | $26.6M | $30.4M | $28.8M | $26.5M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | $54.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-9.0M | $-7.0M | $-21.7M | $-19.5M | $-30.1M | $-24.5M | $-43.7M | $-54.8M |
| Financing Activities | ||||||||
| Dividends Paid | $14.5M | $14.3M | $14.3M | $14.3M | $14.3M | $14.3M | $14.3M | $14.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-10.9M | $-21.7M | $-3.5M | $5.4M | $2.3M | $-9.7M | $18.0M | $28.7M |
| Net Change in Cash | $10.9M | $585.0K | $-3.0M | $6.5M | $-1.2M | $-3.8M | $3.1M | $334.0K |
| Free Cash Flow | — | — | — | — | — | — | — | $-28.3M |