REIT - Retail Industry | Real Estate Sector | Mr. Bernard Francis Saul II CEO | XFRA Exchange | US8043951016 ISIN |
United States Country | 132 Employees | 31 Jan 2025 Last Dividend | - Last Split | 19 Aug 1993 IPO Date |
Saul Centers, Inc. stands as a self-managed and self-administered equity Real Estate Investment Trust (REIT) with its headquarters rooted in Bethesda, Maryland. Specializing in the ownership, operation, and management of commercial real estate properties, the organization's portfolio spans across 61 diverse properties. This includes a mix of 57 community and neighborhood shopping centers and mixed-use properties, alongside four development lands. Possessing approximately 9.8 million square feet of leasable area, Saul Centers has carved out a significant niche in the real estate market, predominantly focusing on the high-yield metro areas of Washington, DC, and Baltimore. Indeed, more than 85% of the company's property operating income is derived from these strategic geographic locations, underscoring the company’s adeptness in leveraging the economic vibrancy and stability of the Mid-Atlantic region of the United States.
Saul Centers owns and operates a vast array of shopping centers designed to cater to the everyday needs of the local community. These properties often host a blend of retail, service, and dining establishments, making them central hubs for shopping and leisure within their respective neighborhoods.
Understanding the evolving demands of urbanization, Saul Centers has adeptly included mixed-use properties in its portfolio. These properties combine retail, commercial, and sometimes residential spaces in one location, promoting a live-work-play environment. This mixed-use approach not only optimizes land use but also drives a higher footfall to the commercial spaces, enhancing the vibrancy and appeal of the area.
Aside from already developed properties, Saul Centers also invests in land and development projects. These are strategic investments aimed at future development into either commercial or mixed-use properties, reflecting the company’s forward-thinking approach in expanding its real estate footprint and generating future income streams.