Saul Centers (BFS) FY2023 results: revenue $257 million, up 4.6% on the year
Saul Centers, Inc. (BFS) reported revenue of $257 million for fiscal 2023, the year ended 31 December 2023, up 4.6% on the year before. Net income was $53 million, up 5.0%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$257 million
+4.6% on the year
FY2016FY2023
Operating margin
73.6%
73.4% a year earlier
FY2016FY2023
Net income
$53 million
+5.0% on the year
FY2016FY2023
Diluted EPS
$1.73
+6.1% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
118
121
118
-2.8%
Capital expenditure
177
101
28.2
+75.5%
Free cash flow
-59.8
20.0
90.2
Free cash flow margin
-23.2%
8.2%
37.7%
Cash from investing
-204
-117
-55.9
Cash from financing
81.1
-5.6
-74.8
Depreciation and amortisation
48.4
49.0
50.3
-1.1%
Share-based compensation
1.4
1.5
1.6
-6.6%
Dividends paid
56.7
55.5
51.0
+2.2%
Dividend per share
$2.36
$2.32
$2.16
+1.7%
Diluted shares, weighted
24m
24m
24m
+0.3%
Shares outstanding at period end
24m
24m
24m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
348
400
405
-13.0%
Non-controlling interest
156
121
125
+28.6%
Debt
1,310
1,223
1,144
+7.1%
Other liabilities
180
88.6
72.4
+103.2%
Total liabilities and equity
1,994
1,833
1,747
+8.8%
Cash and equivalents
8.4
13.3
14.6
-36.7%
Other assets
1,986
1,820
1,732
+9.1%
Total assets
1,994
1,833
1,747
+8.8%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.