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Saul Centers, Inc.. (BFS-PE) Stock Fundamental Analysis & AI Rating 2026

BFS-PE NYSE Real Estate Investment Trusts MD CIK: 0000907254
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2025-12-31
Combined AI Rating
HOLD
70% Confidence
STRONG AGREEMENT
HOLD
62% Conf
HOLD
78% Conf

📊 BFS-PE Key Takeaways

Revenue: $289.8M
Net Margin: 12.9%
Free Cash Flow: $-45.2M
Current Ratio: N/A
Debt/Equity: 1.52x
EPS: $1.09
AI Rating: HOLD with 62% confidence
Saul Centers, Inc.. (BFS-PE) receives a HOLD rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $289.8M, net profit margin of 12.9%, and return on equity (ROE) of 12.2%, Saul Centers, Inc.. demonstrates mixed fundamentals in the Real Estate sector. Below is our complete BFS-PE stock analysis for 2026.

Is Saul Centers, Inc.. (BFS-PE) a Good Investment?

Claude

Saul Centers demonstrates solid profitability with strong operating margins (67.4%) and revenue growth (7.8% YoY), but faces significant concerns with negative free cash flow (-$45.2M) and high leverage (1.52x Debt/Equity). The company's capital-intensive business model requires substantial reinvestment, creating a disconnect between accounting profitability and cash generation.

ChatGPT

Saul Centers shows solid core operating fundamentals, with healthy revenue growth, very strong gross and operating margins, and a sharp increase in net income. However, growth quality is mixed because free cash flow is negative, liquidity appears thin with low cash on hand, and leverage remains meaningful relative to coverage capacity. The business looks fundamentally stable but not strong enough to outweigh balance-sheet and cash-flow constraints.

Why Buy Saul Centers, Inc.. Stock? BFS-PE Key Strengths

Claude
  • + Strong operating margin of 67.4% indicates efficient property operations and rental income collection
  • + Revenue growth of 7.8% YoY demonstrates resilient occupancy and pricing power in the REIT portfolio
  • + Net income growth of 42.5% YoY shows improving profitability despite operational challenges
  • + Solid ROE of 12.2% reflects reasonable returns on equity base
ChatGPT
  • + Revenue grew 7.8% year over year, indicating continued tenant and property income resilience
  • + Profitability is strong, with 51.0% gross margin and 67.4% operating margin
  • + Net income increased 42.5% year over year and ROE of 12.2% suggests decent equity productivity

BFS-PE Stock Risks: Saul Centers, Inc.. Investment Risks

Claude
  • ! Negative free cash flow of -$45.2M indicates capital expenditures ($145.0M) substantially exceed operating cash generation, raising sustainability concerns
  • ! High leverage with Debt/Equity ratio of 1.52x limits financial flexibility and increases refinancing risk
  • ! Weak interest coverage of 2.8x provides limited cushion for debt service if property operations deteriorate
  • ! Low cash position ($8.7M) relative to total debt ($468.4M) creates liquidity vulnerability
  • ! Diluted EPS decline of 33.1% YoY despite net income growth indicates significant share dilution or reduced per-share economics
ChatGPT
  • ! Free cash flow was negative at -$45.22M, showing current growth and capital spending are not self-funding
  • ! Cash is very low at $8.74M relative to the balance sheet and debt load, reducing financial flexibility
  • ! Debt/Equity of 1.52x and interest coverage of 2.8x indicate leverage is manageable but leaves limited cushion if operating conditions weaken

Key Metrics to Watch

Claude
  • * Free cash flow trend and EBITDA to debt service coverage ratios
  • * Tenant occupancy rates, same-store rental growth, and lease renewal terms
  • * Capital expenditure requirements and potential for reduction to approach operating cash flow levels
  • * Debt refinancing schedule and interest rate environment impact on leverage ratios
ChatGPT
  • * Free cash flow and capital expenditure intensity
  • * Interest coverage and net debt liquidity position

Saul Centers, Inc.. (BFS-PE) Financial Metrics & Key Ratios

Revenue
$289.8M
Net Income
$37.5M
EPS (Diluted)
$1.09
Free Cash Flow
$-45.2M
Total Assets
$2.2B
Cash Position
$8.7M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

BFS-PE Profit Margin, ROE & Profitability Analysis

Gross Margin 51.0%
Operating Margin 67.4%
Net Margin 12.9%
ROE 12.2%
ROA 1.7%
FCF Margin -15.6%

BFS-PE vs Real Estate Sector: How Saul Centers, Inc.. Compares

How Saul Centers, Inc.. compares to Real Estate sector averages

Net Margin
BFS-PE 12.9%
vs
Sector Avg 20.0%
BFS-PE Sector
ROE
BFS-PE 12.2%
vs
Sector Avg 8.0%
BFS-PE Sector
Current Ratio
BFS-PE 0.0x
vs
Sector Avg 1.5x
BFS-PE Sector
Debt/Equity
BFS-PE 1.5x
vs
Sector Avg 1.5x
BFS-PE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Saul Centers, Inc.. Stock Overvalued? BFS-PE Valuation Analysis 2026

Based on fundamental analysis, Saul Centers, Inc.. has mixed fundamental signals relative to the Real Estate sector in 2026.

Return on Equity
12.2%
Sector avg: 8%
Net Profit Margin
12.9%
Sector avg: 20%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.52x
Sector avg: 1.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Saul Centers, Inc.. Balance Sheet: BFS-PE Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
1.52x
Debt/Assets
77.9%
Interest Coverage
2.76x
Long-term Debt
$468.4M

BFS-PE Revenue & Earnings Growth: 5-Year Financial Trend

BFS-PE 5-year financial data: Year 2021: Revenue $239.2M, Net Income $51.7M, EPS $1.57. Year 2022: Revenue $245.9M, Net Income $40.4M, EPS $1.25. Year 2023: Revenue $257.2M, Net Income $48.4M, EPS $1.57. Year 2024: Revenue $268.8M, Net Income $50.2M, EPS $1.63. Year 2025: Revenue $289.8M, Net Income $52.7M, EPS $1.73.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Saul Centers, Inc..'s revenue has grown significantly by 21% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.73 reflects profitable operations.

BFS-PE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-15.6%
Free cash flow / Revenue

BFS-PE Quarterly Earnings & Performance

Quarterly financial performance data for Saul Centers, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $67.3M $10.5M $0.32
Q2 2025 $66.9M $10.7M $0.33
Q1 2025 $66.7M $9.8M $0.29
Q3 2024 $63.8M $12.8M $0.42
Q2 2024 $63.7M $13.2M $0.43
Q1 2024 $63.0M $13.5M $0.45
Q3 2023 $61.1M $12.0M $0.38
Q2 2023 $60.3M $13.0M $0.43

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Saul Centers, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$99.8M
Cash generated from operations
Capital Expenditures
$145.0M
Investment in assets
Dividends Paid
$57.1M
Returned to shareholders

BFS-PE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Saul Centers, Inc.. (CIK: 0000907254)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 4 xslF345X06/wk-form4_1775149004.xml View →
Apr 1, 2026 4 xslF345X06/wk-form4_1775048753.xml View →
Mar 23, 2026 DEF 14A bfs-20260323.htm View →
Mar 12, 2026 4 xslF345X05/wk-form4_1773350689.xml View →
Mar 12, 2026 4 xslF345X05/wk-form4_1773350682.xml View →

Frequently Asked Questions about BFS-PE

What is the AI rating for BFS-PE?

Saul Centers, Inc.. (BFS-PE) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BFS-PE's key strengths?

Claude: Strong operating margin of 67.4% indicates efficient property operations and rental income collection. Revenue growth of 7.8% YoY demonstrates resilient occupancy and pricing power in the REIT portfolio. ChatGPT: Revenue grew 7.8% year over year, indicating continued tenant and property income resilience. Profitability is strong, with 51.0% gross margin and 67.4% operating margin.

What are the risks of investing in BFS-PE?

Claude: Negative free cash flow of -$45.2M indicates capital expenditures ($145.0M) substantially exceed operating cash generation, raising sustainability concerns. High leverage with Debt/Equity ratio of 1.52x limits financial flexibility and increases refinancing risk. ChatGPT: Free cash flow was negative at -$45.22M, showing current growth and capital spending are not self-funding. Cash is very low at $8.74M relative to the balance sheet and debt load, reducing financial flexibility.

What is BFS-PE's revenue and growth?

Saul Centers, Inc.. reported revenue of $289.8M.

Does BFS-PE pay dividends?

Saul Centers, Inc.. pays dividends, with $57.1M distributed to shareholders in the trailing twelve months.

Where can I find BFS-PE SEC filings?

Official SEC filings for Saul Centers, Inc.. (CIK: 0000907254) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BFS-PE's EPS?

Saul Centers, Inc.. has a diluted EPS of $1.09.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is BFS-PE a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Saul Centers, Inc.. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is BFS-PE stock overvalued or undervalued?

Valuation metrics for BFS-PE: ROE of 12.2% (sector avg: 8%), net margin of 12.9% (sector avg: 20%). Higher ROE suggests strong returns relative to peers.

Should I buy BFS-PE stock in 2026?

Our dual AI analysis gives Saul Centers, Inc.. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is BFS-PE's free cash flow?

Saul Centers, Inc..'s operating cash flow is $99.8M, with capital expenditures of $145.0M. FCF margin is -15.6%.

How does BFS-PE compare to other Real Estate stocks?

Vs Real Estate sector averages: Net margin 12.9% (avg: 20%), ROE 12.2% (avg: 8%), current ratio N/A (avg: 1.5).

Is Saul Centers, Inc.. carrying too much debt?

BFS-PE has a debt-to-equity ratio of 1.52x, which is above the Real Estate sector average of 1.5x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-12-31 | Powered by Claude AI