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Saul Centers, Inc. (NYSE: BFS), a real estate investment trust, reported operating results for the quarter ended December 31, 2024. Total revenue increased to $67.9 million from $66.7 million in the previous year's quarter. Net income decreased to $10.4 million due to the initial operations of The Milton at Twinbrook Quarter, which negatively impacted net income by $6.8 million. Excluding this property, net income decreased primarily due to lower lease termination fees and higher commercial base rent. Same property revenue and operating income also declined, with shopping center same property operating income decreasing by $1.8 million and mixed-use same property operating income increasing by $0.6 million.
