Saul Centers Inc. (BFS) reported second-quarter funds from operations or FFO available to common shareholders of $15.6 million or $0.59 per share, compared to $11.6 million or $0.48 per share in the previous year quarter.
On average, two analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.
Net income available to common stockholders for the quarter was $4.3 million or $0.22 per share, up from $2.6 million or $0.14 per share in the comparable quarter last year.
Total revenue rose to $47.52 million from $42.78 million last year, while two analysts expected revenues of $46.58 million in the quarter.
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