SAUL CENTERS, INC.

BFS ·Real Estate, REIT - Diversified, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2010 FY2009
Revenue $163.1M $161.0M
Cost of Revenue
Gross Profit $121.1M
Gross Margin 74.3%
Operating Expenses
Research & Development
SG&A Expense $14.0M $13.0M
Operating Income $44.0M $45.2M
Operating Margin 27.0% 28.1%
Interest Expense $40.5M
Pretax Income
Income Tax Expense
Net Income $36.8M $36.7M
Net Margin 22.5% 22.8%
EPS (Basic) $1.18 $1.20
EPS (Diluted) $1.18 $1.20
Shares Outstanding (Basic) 18.3M
Shares Outstanding (Diluted) 18.4M
Dividends Per Share $1.44 $1.50
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