SAUL CENTERS, INC.(BFS)Stock Analysis
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Rank #1,798 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BFS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SAUL CENTERS, INC. (BFS), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores BFS at 43.9/100 on a 32-signal composite quality model, placing it at rank #1,798 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include free cash flow (11.7) and earnings quality (24.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), SAUL CENTERS, INC. reports quarterly revenue of $78.3M, net income of $9.1M, free cash flow of $29.3M. Top institutional holders of BFS by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, ADAGE CAPITAL PARTNERS GP, L.L.C., based on the most recent SEC filings. BFS trades on the NYSE exchange and files with the SEC under CIK 907254. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BFS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SAUL CENTERS, INC. directly from SEC EDGAR. SAUL CENTERS, INC.'s 13F Pro composite quality score has ranged between 36 and 52 since 2021, currently 43.9 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$78.3M
Net Income
Q1 2026
$9.1M
Free Cash Flow
Q1 2026
$29.3M
ROIC
Q1 2026
2.7%
D/E Ratio
Q1 2026
5.29
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+4.5% YoYNet Income
-3.9% YoYOperating Income
+7.6% YoYEPS (Diluted)
-5.8% YoYTotal Assets
+6.6% YoYTotal Debt
+37.1% YoYOp. Cash Flow
+3.0% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $268.8M +4.5% | $257.2M +4.6% | $245.9M +2.8% | $239.2M +6.2% | $225.2M -2.7% | $231.5M |
| Net Income | $50.6M -3.9% | $52.7M +5.0% | $50.2M +3.7% | $48.4M +19.8% | $40.4M -21.9% | $51.7M |
| Operating Income | $203.8M +7.6% | $189.4M +4.9% | $180.5M | — | — | — |
| EPS (Diluted) | $1.63 -5.8% | $1.73 +6.1% | $1.63 +3.8% | $1.57 +25.6% | $1.25 -20.4% | $1.57 |
| Total Assets | $2.13B +6.6% | $1.99B +8.8% | $1.83B +5.0% | $1.75B +6.1% | $1.65B +1.7% | $1.62B |
| Total Debt | $455.8M +37.1% | $332.3M +3.6% | $320.8M +35.1% | $237.4M -11.5% | $268.2M -1.3% | $271.7M |
| Operating Cash Flow | $121.2M +3.0% | $117.7M -2.8% | $121.2M +2.3% | $118.4M +51.1% | $78.4M -32.1% | $115.4M |
AI Insight: BFS Financial Trends
BFS revenue climbed to a record $78M in Q1 2026, but equity has eroded steadily from $346M to $302M over eight quarters.
• Revenue grew from $67M in Q2 2024 to $78M in Q1 2026, a ~16% increase over eight quarters.
• Operating income rose from $48M in Q1 2025 to $52M in Q1 2026, a modest but consistent expansion.
• Equity declined every single quarter, from $346M in Q2 2024 to $302M in Q1 2026, a $44M erosion.
• Operating cash flow weakened from $32M in Q2 2024 to $21M in Q3 2025, partially recovering to $29M in Q1 2026.
⚠ Total debt (ex-quarter outliers) rose from $1,443M in Q2 2024 to $1,598M in Q1 2026, increasing leverage pressure.
⚠ Net income fell to $7M in Q4 2025, the lowest in the series, despite rising revenue — watch margin compression.
⚠ Q4 debt figures ($456M and $468M) differ sharply from other quarters; classification or reporting anomaly warrants clarification.
AI Insight: BFS Ratio Trends
Leverage has surged back to 5.29x D/E in Q1 2026 after a brief Q4 2025 dip, while profitability metrics remain range-bound with no clear expansion.
• Operating margin has been stable, ranging narrowly from 65.4% in Q4 2025 to 69.1% in Q3 2025 — no meaningful expansion or contraction.
• Net profit margin weakened from 15.1% in Q2 2025 to 11.7% in Q1 2026, retracing gains made mid-2025.
• D/E ratio climbed from 4.70 in Q1 2025 to 5.29 in Q1 2026, matching the TTM figure and signaling rising leverage.
• ROIC has held in a tight 10.2%–10.9% band from Q1 2025 through Q1 2026, excluding the anomalous Q4 2025 reading of 25.3%.
⚠ D/E at 5.29 in Q1 2026 is the highest recorded level — rising interest costs could pressure already thin ROA of 1.7%.
⚠ Q4 2025 ROIC spike to 25.3% appears anomalous versus the ~10% trend; clarifying the one-off driver matters for forward estimates.
⚠ NPM has compressed each quarter since Q2 2025 (15.1% → 11.7%) — monitor whether Q2 2026 stabilizes or continues declining.
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Available Research
13F Pro tracks comprehensive data for SAUL CENTERS, INC. including:
Top Institutional Holders of BFS
BlackRock, Inc.
$68.8M2,112,677 shVANGUARD PORTFOLIO MANAGEMENT LLC
$42.9M1,316,280 shADAGE CAPITAL PARTNERS GP, L.L.C.
$23.9M734,801 shPRINCIPAL FINANCIAL GROUP INC
$19.5M599,194 shVANGUARD CAPITAL MANAGEMENT LLC
$19.0M583,283 shSTATE STREET CORP
$16.9M519,410 shGEODE CAPITAL MANAGEMENT, LLC
$10.9M335,648 shMORGAN STANLEY
$8.6M262,718 shAMERIPRISE FINANCIAL INC
$6.9M211,258 shMan Group plc
$6.8M208,849 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $68.8M | 2,112,677 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $42.9M | 1,316,280 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $23.9M | 734,801 |
| PRINCIPAL FINANCIAL GROUP INC | $19.5M | 599,194 |
| VANGUARD CAPITAL MANAGEMENT LLC | $19.0M | 583,283 |
| STATE STREET CORP | $16.9M | 519,410 |
| GEODE CAPITAL MANAGEMENT, LLC | $10.9M | 335,648 |
| MORGAN STANLEY | $8.6M | 262,718 |
| AMERIPRISE FINANCIAL INC | $6.9M | 211,258 |
| Man Group plc | $6.8M | 208,849 |
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Popular Research
Is BFS a good stock to buy?
13F Pro's AI-powered analysis of SAUL CENTERS, INC. (BFS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BFS are available on the BFS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BFS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BFS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SAUL CENTERS, INC.'s investment landscape.