SAUL CENTERS REIT INC (BFS)
Real Estate · Retail REITs · NYSE
Saul Centers is a REIT that owns, manages, and develops a portfolio of community and neighborhood shopping centers primarily focused on the Washington, D.C. and Baltimore metropolitan regions.
What SAUL CENTERS REIT INC does
Saul Centers, Inc. is a self-managed, self-administered equity real estate investment trust (REIT) that owns, operates, manages, and develops a portfolio of shopping centers and mixed-use properties. Its properties are primarily located in the Washington, D.C. / Baltimore metropolitan area. The company's portfolio focuses on suburban and urban retail shopping centers and, to a lesser extent, mixed-use developments.
Themes: retail real estate, shopping centers, mixed-use development, commercial real estate
Fundamentals
- Price$29.72 as of 2026-10-08 close
- Market cap$735M as of 2026-08-03 (share count; price 2026-10-08)
- 1-year return-3.4% 2025-10-08 close $30.76 → 2026-10-08 close $29.72
- P/E19.59 as of 2026-10-08
- Net margin+12.9% FY2025, SEC XBRL
- Gross margin+73.9% FY2023, SEC XBRL
- ROE+7.9% FY2025, SEC XBRL
- Debt / equity5.29 as of 2026-09-03
- Revenue growth (YoY)+8.3% as of 2026-09-03
- Revenue CAGR (3y)+5.6% SEC XBRL
- Beta0.38 as of 2026-09-03
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +7.8%; 14-year non-decreasing per-share dividend streak (SEC XBRL).
How BFS compares in its sector
- price-to-earnings ratiomiddle range 120 covered Real Estate peers, as of 2026-10-08
- net profit marginmiddle range 154 covered Real Estate peers, as of 2026-09-03
- operating margintop 10% 96 covered Real Estate peers, as of 2026-09-03
- gross marginmiddle range 23 covered Real Estate peers, as of 2026-09-03
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldtop 25% 140 covered Real Estate peers, as of 2026-09-03
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, BFS's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 152%, operating-cash-flow payout 57%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout152% dividends / net income
- Operating-cash-flow payout57% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How SAUL CENTERS REIT INC looks technically
SAUL CENTERS REIT INC (BFS) is trading 11.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 13 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 65, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 32, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive). It made a new 20-day low about 4 trading days ago. It is 1.6% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 11.7% below its 200-day average, the long-term trend line — a long-term downtrend | -11.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $32.25 | $32.25 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $33.65 | $33.65 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 55 calendar days ago — the swings before that are what the structure reading is measured on | 55 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 35.36. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 13 trading days ago — a "death cross", a bearish long-term signal | 13 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 65, with sellers in control | 65.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 32, neither overbought (above 70) nor oversold (below 30) | 31.7 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($29.24 to $30.71) — its "stochastic" reading is 33 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 32.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $38.09 | $38.09 |
|---|---|---|
| From the 52-week high | it is 22.0% below its 52-week high (its highest price of the past year) | -22.0% |
| Above the 52-week low | it is 1.6% above its 52-week low (its lowest price of the past year) | +1.6% |
| Below the 52-week high | it is 22.0% below its highest point of the past year | 22.0% |
| Since a 20-day breakout | it made a new 20-day low about 4 trading days ago | 4 sessions |
| Since a 55-day breakout | it made a new 55-day low about 4 trading days ago | 4 sessions |
| All-time high | its highest closing price on record is $68.75 (set on 2016-09-07) | $68.75 |
| Given back of the 52-week move | over the past year its closes ranged ($29.55 to $37.88), and it has recovered only a small part of its fall from last year’s high — 2% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $34.70 to $34.96. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 2.0% |
| From the all-time high | it is 56.8% below its all-time high | -56.8% |
| Nearest price level | it is sitting right on a resistance level at $29.80 — a price it turned at twice since 2025-10-20, most recently on 2025-12-04. Since 2024-10-08 it has 0 such levels below the current price and 12 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.3% |
| All-time low | its lowest closing price on record is $18.42 (set on 2009-03-06) | $18.42 |
| Above the all-time low | it is 61.3% above its all-time low | +61.4% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 79% of it) | 21st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.6324 between its high and its low — about 2.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.6324 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $29.30 and $31.05 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $29.30 – $30.17 – $31.05 |
| Typical daily range (% of price) | its price moves about 2.1% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.1% |
| Stretch from the 200-day average | it is trading 6.2 daily ranges below its 200-day average price (11.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 6.2 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.70× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a hammer | today, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | today |
|---|
Price gaps
1
| Gap at the open | it opened on 2026-10-08 0.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.1% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 9.7 percentage points (the stock lost 8.7% while the market gained 1.0%) | -9.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 21.0 percentage points (the stock lost 17.1% while the market gained 3.8%) | -21.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 27.5 percentage points (the stock lost 10.0% while the market gained 17.5%) | -27.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 18.4 percentage points (the stock lost 3.4% while the market gained 15.0%) | -18.4% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 12% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 4.3% of the share price. | -12.3% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 11% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $33.38 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -11.0% |
|---|---|---|
| Vs the average paid since it last reported | the price is 11% below the average price paid since it last reported on 2026-05-07 (its 10-Q), so the typical buyer over that stretch is under water. That average is $33.38 — a volume-weighted average of daily closes over 105 sessions, not a true tick-by-tick VWAP. | -11.0% |
Price levels it has turned at before
BFS last closed at $29.72 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 12 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $29.80 | Resistance | 0.3% above the last close | turned there twice · 2025-10-20 to 2025-12-04 |
| $30.95 | Resistance | 4.1% above the last close | turned there 8 times · 2025-05-09 to 2026-10-01 |
| $31.72 | Resistance | 6.7% above the last close | turned there six times · 2025-04-11 to 2025-11-26 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $35.36.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $26.99 and $30.19 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $35.36.
This reading has stood for 34 trading days, since 2026-08-21.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · Near the 52-week low · Pulled back from the 12-month high · lagging the market · Printed a hammer candle after a decline | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$43.00 range $39.00 – $47.00
Analyst estimates, as of 2026-10-06. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Sensitivity to economic conditions and retail industry volatility in the Washington, D.C./Baltimore region.","High levels of mortgage and credit facility debt creating interest rate and refinancing risk.","Concentration of property portfolio in a specific geographic market."]
What changed in the latest 10-Q
AI-assisted comparison of BFS's 10-Q filed 2026-08-06 against the prior one filed 2026-05-07.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-06) adds a new forward-looking risk bullet: 'macroeconomic conditions, including geopolitical instability (such as the ongoing conflicts in the Middle East and Ukraine), and changes in tariff and trade policy, which may lead to a disruption of, or lack of access to, sources of funding and rising inflation;'
- Newer filing (2026-08-06) states management's expectations are based upon 'present expectations and reasonable assumptions' (adding 'present expectations and').
- Newer filing (2026-08-06) adds a paragraph after the sub-markets paragraph, including: 'Although it is management's present intention to concentrate future acquisitions and development activities on transit-oriented, residential mixed-use properties and grocery-anchored shopping centers in the Washington, DC/Baltimore metropolitan area, the Company may, in the future, also acquire other types of real estate in other areas of the country as opportunities present themselves. The Company plans to continue to diversify in terms of property types, locations, size and market, and it does not set any limit on the amount or percentage of assets that may be invested in any one property or any one geographical area.'
- Removed:
- Older filing (2026-05-07) contains a forward-looking risk bullet: 'the ability of our tenants to pay rent;' which is the first bullet in the older list; this bullet does not appear in the newer filing's list (though the newer filing reorders and revises related bullets).
- Older filing (2026-05-07) contains wording: 'Our access to additional capital' in a risk bullet; newer filing revises to 'our access to capital' but this is classified as a wording change rather than pure removal.
- Older filing (2026-05-07) contains wording: 'our ability to successfully complete additional acquisitions, developments or redevelopments' in a risk bullet; newer filing revises to 'our ability to successfully complete acquisitions, developments or redevelopments'.
- Reworded:
- Newer filing (2026-08-06) changes the discussion basis from 'as of and for the three months ended March 31, 2026' to 'as of and for the three and six months ended June 30, 2026'.
- Newer filing (2026-08-06) changes page number reference following the 'General' heading from '23' to '27'.
- Newer filing (2026-08-06) reorders the forward-looking risk bullets: 'macroeconomic conditions...' moves from near the end of the list (older) to first bullet (newer), and 'the ability of our tenants to pay rent' is removed.
- Newer filing (2026-08-06) revises risk bullet wording from 'our access to additional capital' to 'our access to capital'.
- Newer filing (2026-08-06) revises risk bullet wording from 'our ability to successfully complete additional acquisitions...' to 'our ability to successfully complete acquisitions...'.
- Newer filing (2026-08-06) revises risk bullet wording from 'macroeconomic conditions, including geopolitical, global trade and international conflict disruptions' to 'macroeconomic conditions, including geopolitical instability (such as the ongoing conflicts in the Middle East and Ukraine), and changes in tariff and trade policy'.
- Notes:
- The newer filing text is truncated mid-sentence at the end ('...we continually monitor the implications of government pol'), so changes beyond that point cannot be assessed.
- The older filing text is also truncated mid-sentence at the end ('...which positions us to obtain additional s'), so changes beyond that point cannot be assessed.
Risk Factors
- Notes:
- The provided excerpts are truncated after the phrase 'presented in' in both filings, so the complete text was not available for comparison. The visible portions appear identical.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-041 buy ($3706) · 0 sells — 1 buying insider
- Last 90 days · read to 2026-10-041 buy ($3706) · 0 sells — 1 buying insider
- Last 180 days · read to 2026-10-042 buys ($94043) · 0 sells — 2 buying insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-28. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BFS's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
BFS had 502,575 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
BFS had 2.03% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.1 days to cover at the same settlement.
- Reported short interest (shares) 502,575
- Short interest (% of shares outstanding) 2.03%
- Prior settlement (shares) 524,999
- Reported change -4.27%
- Days to cover (reported) 4.1
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Federal Realty Investment Trust (FRT)
- Kimco Realty Corporation (KIM)
- Regency Centers Corporation (REG)
- Retail Opportunity Investments Corp. (ROIC)
- Urban Edge Properties (UE)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does SAUL CENTERS REIT INC (BFS) do?
Saul Centers, Inc. is a self-managed, self-administered equity real estate investment trust (REIT) that owns, operates, manages, and develops a portfolio of shopping centers and mixed-use properties. Its properties are primarily located in the Washington, D.C. / Baltimore metropolitan area. The company's portfolio focuses on suburban and urban retail shopping centers and, to a lesser extent, mixed-use developments.
What sector is SAUL CENTERS REIT INC (BFS) in?
SAUL CENTERS REIT INC (BFS) is classified in the Real Estate sector. Its industry is Retail REITs. It trades on NYSE.
Does BFS pay a dividend?
Yes — SAUL CENTERS REIT INC (BFS) pays a dividend, with an indicated yield of about 7.80% and 14-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are SAUL CENTERS REIT INC's (BFS) competitors?
Notable peers of SAUL CENTERS REIT INC (BFS) include Federal Realty Investment Trust, Kimco Realty Corporation, Regency Centers Corporation, Retail Opportunity Investments Corp. and Urban Edge Properties. This peer set is informational only — not financial advice.
Is SAUL CENTERS REIT INC (BFS) overbought or oversold right now?
SAUL CENTERS REIT INC (BFS) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 32, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BFS come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.