SAUL CENTERS, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.8M | $9.1M | $10.5M | $10.7M | $9.8M | $14.5M | $14.4M | $13.6M |
| Depreciation & Amortization | $16.0M | $15.9M | $14.1M | $14.1M | $14.5M | $12.1M | $12.0M | $12.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $549.0K | — | — | $428.0K | — | — | $219.0K |
| Net Cash from Operating Activities | $30.8M | $29.3M | $20.6M | $26.6M | $30.4M | $26.5M | $32.1M | $33.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | $54.8M | $44.6M | $45.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-7.0M | — | — | $-24.5M | — | — | $-45.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | $14.3M | — | — | $14.3M | — | — | $14.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-21.7M | — | — | $-9.7M | — | — | $10.4M |
| Net Change in Cash | — | $585.0K | — | — | $-3.8M | — | — | $-1.3M |
| Free Cash Flow | — | — | — | — | — | $-28.3M | $-12.5M | $-11.7M |