Saul Centers Q3 Revenue Rises to $78.4 Million as Net Income Falls

For the quarter ended Sept. 30, Saul Centers posted $78.417 million in revenue, versus $72.004 million a year earlier, and $12.642 million in net income, down from $13.996 million. The results cover the three months ended Sept. 30. The company attributed a $3.7 million reduction in quarterly net income to Hampden House’s initial operations, including $2.9 million in net interest expense. Net income available to common stockholders was $6.675 million, or $0.27 per share, compared with $7.691 million, or $0.32 per share, a year earlier.

Source: TokenPost