Saul Centers, Inc. (BFS) reported third-quarter funds from operations or FFO available to common shareholders of $14.61 million or $0.55 per share, higher than $10.73 million or $0.44 per share in the previous year quarter.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share for the quarter. Analysts' estimates typically exclude special items.
Net income available to common stockholders for the quarter was $4.16 million or $0.21 per share, sharply higher than $1.72 million or $0.09 per share in the comparable quarter last year.
Total revenue for the quarter increased to $47.53 million from $42.88 million last year, while analysts expected revenues of $46.96 million in the quarter. Same property revenue increased 1.9 percent.
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