BFS Stock Analysis: Saul Centers | NYSE
REIT - Retail | NYSE, USA | Market Cap: 1.185m USD | 12M Return: 7.2% | US8043951016 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.28M
EPS Trend: -77.3%
Qual. Beats: 2
Rev. Trend: 99.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Saul Centers, Inc. (BFS) is a Maryland-based equity Real Estate Investment Trust (REIT) focused on the ownership and operation of community shopping centers and mixed-use properties. Established in 1993, the company manages a portfolio of 62 properties totaling approximately 10.5 million square feet of leasable area. The portfolio is highly concentrated geographically, with over 85% of property operating income derived from the Washington, D.C. and Baltimore metropolitan regions.
As a retail REIT, the company’s business model relies on long-term leases with grocery stores and essential service providers to maintain stable cash flows. Retail REITs generally benefit from high barriers to entry in densely populated urban corridors where land for new development is limited. Further insights into the companys valuation metrics are available on ValueRay. Saul Centers currently operates as a self-managed entity, overseeing both the leasing and development of its core retail and mixed-use assets.
- Grocery-anchored retail centers drive stable recurring rental revenue
- Washington DC market concentration increases sensitivity to federal employment trends
- Mixed-use development pipeline expansion shifts long-term capital allocation strategy
- Rising interest rates pressure debt service costs and FFO margins
| Net Income: 34.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.23 > 1.0 |
| NWC/Revenue: 5.92% < 20% (prev -76.21%; Δ 82.14% < -1%) |
| CFO/TA 0.05 > 3% & CFO 102.9m > Net Income 34.9m |
| Net Debt (1.62b) to EBITDA (180.3m): 8.97 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.2m) vs 12m ago 0.0% < -2% |
| Gross Margin: 74.24% > 18% (prev 72.01%; Δ 2.23% > 0.5%) |
| Asset Turnover: 14.06% > 50% (prev 12.99%; Δ 1.07% > 0%) |
| Interest Coverage Ratio: 1.54 > 6 (EBIT TTM 118.2m / Interest Expense TTM 76.7m) |
| A: 0.01 (Total Current Assets 68.7m - Total Current Liabilities 50.8m) / Total Assets 2.16b |
| B: -0.16 (Retained Earnings -354.5m / Total Assets 2.16b) |
| C: 0.05 (EBIT TTM 118.2m / Avg Total Assets 2.15b) |
| D: 0.18 (Book Value of Equity 295.9m / Total Liabilities 1.69b) |
| Altman-Z'' = 0.07 = B |
| DSRI: 1.10 (Receivables 62.8m/52.6m, Revenue 302.2m/277.9m) |
| GMI: 0.97 (GM 72.01% / 74.24%) |
| AQI: 1.05 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.09 (Revenue 302.2m / 277.9m) |
| TATA: -0.03 (NI 34.9m - CFO 102.9m) / TA 2.16b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of August 27, 2026, the stock is trading at USD 33.68 with a total of 70,303 shares traded. Over the past week, the price has changed by -1.58%, over one month by -6.52%, over three months by -1.42% and over the past year by +7.17%.
Current recommended Stop Loss: 31.70 (which is 5.9% or 2.6 ATR below the current price).
Saul Centers has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy BFS.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 43 | 27.7% |
P/E Trailing = 35.1856
P/E Forward = 178.5714
P/S = 3.9222
P/B = 7.6084
P/EG = 44.9732
Revenue TTM = 302.2m USD
EBIT TTM = 118.2m USD
EBITDA TTM = 180.3m USD
Long Term Debt = 1.52b USD (from longTermDebt, last quarter)
Short Term Debt = 50.8m USD (from shortTermDebt, last quarter)
Debt = 1.62b USD (from shortLongTermDebtTotal, last quarter) + Leases 19.4m
Net Debt = 1.62b USD (calculated: Debt 1.62b - CCE 5.88m)
Enterprise Value = 2.80b USD (1.19b + Debt 1.62b - CCE 5.88m)
Interest Coverage Ratio = 1.54 (Ebit TTM 118.2m / Interest Expense TTM 76.7m)
EV/FCF = 32.28x (Enterprise Value 2.80b / FCF TTM 86.8m)
FCF Yield = 3.10% (FCF TTM 86.8m / Enterprise Value 2.80b)
FCF Margin = 28.73% (FCF TTM 86.8m / Revenue TTM 302.2m)
Net Margin = 11.54% (Net Income TTM 34.9m / Revenue TTM 302.2m)
Gross Margin = 74.24% ((Revenue TTM 302.2m - Cost of Revenue TTM 77.9m) / Revenue TTM)
Gross Margin QoQ = 70.88% (prev 69.07%)
Tobins Q-Ratio = 1.30 (Enterprise Value 2.80b / Total Assets 2.16b)
Interest Expense / Debt = 4.72% (Interest Expense 76.7m / Debt 1.62b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 93.4m (EBIT 118.2m * (1 - 21.00%))
Current Ratio = 1.35 (Total Current Assets 68.7m / Total Current Liabilities 50.8m)
Debt / Equity = 5.49 (Debt 1.62b / totalStockholderEquity, last quarter 295.9m)
Debt / EBITDA = 8.97 (Net Debt 1.62b / EBITDA 180.3m)
Debt / FCF = 18.63 (Net Debt 1.62b / FCF TTM 86.8m)
Total Stockholder Equity = 305.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.62% (Net Income 34.9m / Total Assets 2.16b)
RoE = 11.41% (Net Income TTM 34.9m / Total Stockholder Equity 305.6m)
RoCE = 6.48% (EBIT 118.2m / Capital Employed (Equity 305.6m + L.T.Debt 1.52b))
RoIC = 4.34% (NOPAT 93.4m / Invested Capital 2.15b)
WACC = 4.59% (E(1.19b)/V(2.81b) * Re(5.77%) + D(1.62b)/V(2.81b) * Rd(4.72%) * (1-Tc(0.21)))
Discount Rate = 5.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.94 | Cagr: 0.22%
[DCF] Terminal Value 73.10% ; FCFF base≈97.0m ; Y1≈85.1m ; Y5≈68.7m
[DCF] Fair Price = N/A (negative equity: EV 1.10b - Net Debt 1.62b = -514.6m; debt exceeds intrinsic value)
EPS Correlation: -77.30 | EPS CAGR: -7.24% | SUE: 4.0 | # QB: 2
Revenue Correlation: 98.99 | Revenue CAGR: 6.36% | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.57 | Chg30d=-44.12% | Revisions=-25% | GrowthEPS=-47.7% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=-20.79% | Revisions=-25% | GrowthEPS=+40.4% | GrowthRev=+3.4%