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← CockpitCompetitor Analysis › BFS Saul Centers, Inc.Open in the cockpit ↗

Saul Centers, Inc.BFSCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum weak 29
Mkt cap
$705M
US dollars, full cap
Free float
54%
of shares outstanding
$/day
$3.98M
20-day average traded
P/B
6.38×
price to book
ROE
11.3%
delivered
Implied ROE
43.2%
what the price asks
Next earnings
118 days
4 Mar 2027
Close · USD$28.54
1D-0.9%
1W-1.9%
1M-4.0%
3M-15.9%
6M-18.9%
YTD-9.5%
1Y-4.1%
ATR %2.4%
Beta0.00
52w lowhigh25.7% off high

What Saul Centers does

Employees: 156

Saul Centers at a glance

Size Saul Centers (BFS) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $705M, the 2477th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.54 on 6 Nov 2026.

Performance Over six months the shares fell 18.9%, against -8.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 9.0% over the last twelve months (peer median +4.4%); the operating margin is 40.3% (peer median 62.4%).

Valuation It trades at 6.38× book value against a peer median of 0.91× (2nd most expensive of 21).

Price implies The share price implies a return on equity of about 43.2%; Saul Centers delivers 11.3%, so the price asks more than the business earns today.

Short interest Short interest is 2.4% of the free float (15 Oct 2026).

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 92BFS 83
Six months, rebased to 100: Saul Centers against the median of its 20 peers (local-currency closes).

Saul Centers financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$304M$292M$270M$258M$246M
Revenue growth—+8%+5%+5%—
Gross profit$152M$148M$147M$142M$132M
EBITDA$185M$178M$172M$167M$159M
Net income$34.9M$37.5M$50.6M$52.7M$50.2M
Free cash flow$103M$99.8M$121M$118M$121M
Capital expenditure$0$0$0$0$0
Total debt$1.60B$1.61B$1.54B$1.39B$1.23B

Quarterly statements and history in the cockpit →

Saul Centers competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-10%0%+10%895801010TCLDTJ85PMTJBGSCQESTRWSVCSAFECMWSGR-UNQRISCHLRCTO330590MFACRPUARFAPZBFS6-month return →1-month return →
Up and to the right = strong over both horizons. Saul Centers is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%00×20×40×60×895801010TCLDTJ85PMTJBGSCQESTRWSVCSAFECMWSCHLRMFAARFAPZBFSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Saul Centers is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%-50%0%50%8958CLDTJ85JBGSSTRWSVCSGR-UNBFSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Saul Centers is the large dot.

Saul Centers competitors and peer comparison

How Saul Centers compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Saul Centers against its 20 peers (data as of 6 Nov 2026)
MeasureBFSPeer medianRank in peer set
1-month return-4.0%0.0%7th lowest of 21
6-month return-18.9%-8.4%6th lowest of 21
Return on equity11.3%5.8%3rd highest of 21
Price / book6.38×0.91×2nd most expensive of 21
Trailing P/E29.4×15.4×3rd most expensive of 17
ROE the price implies43.2%7.7%2nd most demanding of 21
ROE delivered11.3%5.8%3rd highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Saul Centers BFSUnited States$705M-19%+9%11%6.38×43.2%11.3%
Global One Real Estate Investment 8958.TJapan$707M-17%-11%8%0.99×4.9%8.5%
Millerful No 1 Real Estate Investment Trust 01010T.TWTaiwan$698M0%+4%3%0.93×3.4%n/a
Chatham Lodging Trust CLDTUnited States$722M+56%-3%2%1.00×10.5%1.6%
CDL Hospitality Trusts J85.SISingapore$725M-10%+4%-1%0.46×3.9%-1.2%
PennyMac Mortgage Investment Trust PMTUnited States$685M-29%+11%5%0.55×7.3%4.5%
JBG SMITH Properties JBGSUnited States$729M-20%-1%-13%0.68×8.0%-12.9%
Charter Hall Social Infrastructure REIT CQE.AXAustralia$681M+4%+12%6%0.67×8.3%6.3%
Strawberry Fields REIT STRWUnited States$678M-5%+18%71%20.65×72.4%71.4%
Service Properties Trust SVCUnited States$673M-37%-12%-56%0.17×4.8%-56.3%
Safehold SAFEUnited States$750M-30%+13%5%0.31×6.4%4.8%
Cromwell Property CMW.AXAustralia$662M-13%0%9%0.63×8.2%9.1%
Slate Grocery REIT SGR-UN.TOCanada$763M+8%+2%6%1.12×9.7%6.4%
Qualitas Real Estate Income Fund Units QRI.AXAustralia$649M-6%+12%7%0.93×6.3%7.1%
Helios Re Socimi SCHLR.MCSpain$779M0%n/a9%1.43×9.5%n/a
CTO Realty Growth CTOUnited States$783M0%+16%7%1.15×8.9%7.2%
LOTTE REIT 330590.KSSouth Korea$792M-16%+13%4%0.95×5.4%3.8%
MFA Financial MFAUnited States$628M-37%-10%-1%0.39×6.8%-0.7%
Sasseur Real Estate Investment Trust CRPU.SISingapore$621M-7%-13%5%0.76×4.1%5.3%
Arena REIT ARF.AXAustralia$801M-13%+7%10%0.88×9.4%9.6%
Aspen APZ.AXAustralia$802M+6%+31%13%1.90×15.2%12.6%

Questions

Which companies are Saul Centers's closest peers?
The cockpit's peer set: Global One Real Estate Investment (8958.T), Millerful No 1 Real Estate Investment Trust (01010T.TW), Chatham Lodging Trust (CLDT), CDL Hospitality Trusts (J85.SI), PennyMac Mortgage Investment Trust (PMT), JBG SMITH Properties (JBGS), Charter Hall Social Infrastructure REIT (CQE.AX), Strawberry Fields REIT (STRW).
Is Saul Centers expensive compared with its peers?
On price / book it trades at 6.38× against a peer median of 0.91×, 2nd most expensive of 21 in its peer set. The share price implies a return on equity of about 43.2%; Saul Centers delivers 11.3%, so the price asks more than the business earns today.
How has Saul Centers stock performed?
Over six months to 6 Nov 2026 the shares returned -18.9% against -8.4% for the median peer; over one year -4.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.