Is Saul Centers (BFS) overvalued or fairly valued?

MarketChacha shows Saul Centers's valuation in context — a trailing P/E of about 29.6, a price-to-book of about 7.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Saul Centers's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.41×) from reported figures — education, not a rating.

What is Saul Centers's revenue?

Saul Centers reported revenue of $289.8M for FY2025, with net profit of $37.5M, per official filings.

What is the share price of Saul Centers (BFS)?

Saul Centers last traded at $34.01 (-0.8% on the day), as of 8/18/2026 — a delayed quote shown for education, not investment advice.

Saul Centers

BFS · NYSE · Real Estate · United States

Snapshot

TickerBFS

ExchangeNYSE

SectorReal Estate

IndustryREIT - Retail

CountryUnited States

Employees156

HeadquartersBethesda, United States

Websitewww.saulcenters.com

Filings tracked13

About Saul Centers

Saul Centers, Inc. is a self-managed, self-administered equity REIT. Saul Centers currently operates and manages a real estate portfolio comprised of 62 properties, which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.6 million square feet of leasable area and (b) three non-operating land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the Washington, DC/Baltimore metropolitan area. Saul Centers, Inc. is based in Bethesda, Maryland. Saul Centers, Inc. was established on June 10, 1993, and incorporated in Maryland.

Who owns it

Insiders46.8%
Institutions48.7%
Public & other4.5%

278 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.12%
T. Rowe Price Investment Management, Inc.5.69%
Vanguard Portfolio Management LLC5.27%
Adage Capital Partners GP L.L.C.2.93%
State Street Corporation2.31%
Vanguard Capital Management LLC2.23%
Principal Financial Group, Inc.1.68%
Geode Capital Management, LLC1.46%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 7.5 points over the period — profitability is trending down.

Cash conversion2.41×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend20.5% → 12.9%

Margin has compressed by about 7.5 points over the period — profitability is trending down.

Growth qualityrev 6% · PAT -16%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $81.1M

Next fiscal year

Rev $331.6M

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$289.8M

Net margin

12.9%

ROE

12.2%

Revenue CAGR (2y)

+6.2%

Profit CAGR (2y)

-15.6%

EPS (FY2025)

1.09

Net profit (FY2025)

$37.5M

Ask MarketChacha about BFS

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$289.8M	$37.5M	1.09	12.9%	12.2%
FY2024	$268.8M	$50.6M	1.63	18.8%	15.1%
FY2023	$257.2M	$52.7M	1.73	20.5%	15.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$76.8M	$8.8M	0.24	11.4%
2026Q1	$78.3M	$9.1M	0.26	11.7%
2025Q3	$72.0M	$10.5M	0.32	14.6%
2025Q2	$70.8M	$10.7M	0.33	15.1%
2025Q1	$71.9M	$9.8M	0.29	13.6%
2024Q3	$67.3M	$14.5M	0.48	21.5%
2024Q2	$66.9M	$14.4M	0.48	21.6%
2024Q1	$66.7M	$13.6M	0.45	20.4%
2023Q3	$63.8M	$12.8M	0.42	20.1%
2023Q2	$63.7M	$13.2M	0.43	20.7%
2023Q1	$63.0M	$13.5M	0.45	21.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Shareholder vote results, Reg FD disclosure, Exhibits
SEC5/11/2026material
8-K — Results of operations, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Exhibits
SEC2/27/2026material
10-K filing
SEC2/27/2026

2025

8-K — Executive/director change
SEC11/26/2025material
8-K — Results of operations, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/7/2025
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC8/5/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.