$BFS
SAUL CENTERS, INC.

2024 Q4 Form 10-Q Financial Statement

#000090725424000100 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $67.29M
YoY Change 5.52%
Cost Of Revenue $17.73M
YoY Change 2.13%
Gross Profit $49.56M
YoY Change 6.79%
Gross Profit Margin 73.65%
Selling, General & Admin $5.680M
YoY Change 9.65%
% of Gross Profit 11.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.07M
YoY Change -0.2%
% of Gross Profit 24.36%
Operating Expenses $17.77M
YoY Change 1.76%
Operating Profit $31.79M
YoY Change 9.83%
Interest Expense $12.26M
YoY Change -1.81%
% of Operating Profit 38.55%
Other Income/Expense, Net
YoY Change
Pretax Income $19.59M
YoY Change 17.25%
Income Tax
% Of Pretax Income
Net Earnings $14.48M
YoY Change 12.97%
Net Earnings / Revenue 21.52%
Basic Earnings Per Share $0.48
Diluted Earnings Per Share $0.48
COMMON SHARES
Basic Shares Outstanding 24.17M shares 24.14M shares
Diluted Shares Outstanding 24.16M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.197M
YoY Change 9.05%
Cash & Equivalents $7.197M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $59.82M
Other Receivables $0.00
Total Short-Term Assets $67.02M
YoY Change 5.54%
LONG-TERM ASSETS
Property, Plant & Equipment $2.008B
YoY Change 8.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $25.47M
YoY Change 10.28%
Total Long-Term Assets $2.046B
YoY Change 7.83%
TOTAL ASSETS
Total Short-Term Assets $67.02M
Total Long-Term Assets $2.046B
Total Assets $2.113B
YoY Change 7.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.21M
YoY Change -1.53%
Accrued Expenses $2.000M
YoY Change -25.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.57M
YoY Change -0.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.493B
YoY Change 11.14%
Other Long-Term Liabilities $28.89M
YoY Change 25.6%
Total Long-Term Liabilities $1.522B
YoY Change 11.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.57M
Total Long-Term Liabilities $1.522B
Total Liabilities $1.604B
YoY Change 10.68%
SHAREHOLDERS EQUITY
Retained Earnings -$297.5M
YoY Change 4.38%
Common Stock $241.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $341.8M
YoY Change
Total Liabilities & Shareholders Equity $2.113B
YoY Change 7.76%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $14.48M
YoY Change 12.97%
Depreciation, Depletion And Amortization $12.07M
YoY Change -0.2%
Cash From Operating Activities $26.49M
YoY Change 62.51%
INVESTING ACTIVITIES
Capital Expenditures $54.82M
YoY Change 14.44%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$54.82M
YoY Change 14.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.66M
YoY Change 7.75%
NET CHANGE
Cash From Operating Activities 26.49M
Cash From Investing Activities -54.82M
Cash From Financing Activities 28.66M
Net Change In Cash 334.0K
YoY Change -106.68%
FREE CASH FLOW
Cash From Operating Activities $26.49M
Capital Expenditures $54.82M
Free Cash Flow -$28.33M
YoY Change -10.35%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Entity Incorporation State Country Code
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18922000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4059000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4510000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12076000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14412000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2798000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2798000 usd
CY2023Q3 bfs Total Comprehensive Income Loss Available To Common Stockholders
TotalComprehensiveIncomeLossAvailableToCommonStockholders
11614000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
504429000 usd
CY2024Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
16007 shares
CY2024Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
603000 usd
CY2024Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
183 shares
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
219000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
18263000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1804000 usd
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
20330000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
513931000 usd
CY2024Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
17086 shares
CY2024Q2 us-gaap Profit Loss
ProfitLoss
19490000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
224000 usd
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
20424000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
513020000 usd
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22748000 usd
CY2024Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12213000 usd
CY2024Q3 bfs Total Comprehensive Income Loss Available To Common Stockholders
TotalComprehensiveIncomeLossAvailableToCommonStockholders
9278000 usd
CY2024Q3 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
15992 shares
CY2024Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
623000 usd
CY2024Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
8190 shares
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
606000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19592000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3457000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
543000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
699 shares
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
290000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
17663000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2014000 usd
CY2023Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
15588 shares
CY2023Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
544000 usd
CY2023Q2 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
3104 shares
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
553000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
17189000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2401000 usd
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
19679000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
555000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
895 shares
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
291000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
16711000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2211000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
19681000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
511333000 usd
us-gaap Profit Loss
ProfitLoss
51563000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
181000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36227000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1687000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1134000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
160000 usd
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
731000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
3856000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4304000 usd
bfs Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
3352000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
192000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92448000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85040000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
18612000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
128655000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
181000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-145011000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-147267000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
170000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
15300000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
76423000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33910000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
85000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
113000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
173000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
26000000 usd
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
101017000 usd
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
53306000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
423000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1642000 usd
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
14862000 usd
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42527000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
16458000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55534000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6693000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6586000 usd
us-gaap Interest Paid Net
InterestPaidNet
34424000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
33495000 usd
CY2024Q3 bfs Minimum Percentage Of Taxable Income Distribution To Shareholders
MinimumPercentageOfTaxableIncomeDistributionToShareholders
0.90
bfs Number Of Subsidiaries
NumberOfSubsidiaries
2 subsidiary
CY2024Q3 us-gaap Number Of Stores
NumberOfStores
34 store
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;padding-left:24.75pt;text-indent:-24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The most significant estimates and assumptions relate to collectability of operating lease receivables and impairment of real estate properties. Actual results could differ from those estimates.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;padding-left:24.75pt;text-indent:-24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior year financial statements to conform to the presentation used as of and for the nine months ended September 30, 2024.</span></div>
CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
653176000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
514553000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1900000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2000000.0 usd
CY2024Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
25500000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
23700000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
54300000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
53700000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
32900000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
33100000 usd
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
13600000 usd
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
11300000 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
200000 usd
CY2024Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
2543 sqft
CY2024Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
10000000.0 shares
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0010
CY2022Q3 bfs Number Of Interest Rate Swaps
NumberOfInterestRateSwaps
2 swap
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1510000000 usd
CY2024Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1320000000 usd
CY2024Q3 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
188000000 usd
CY2024Q3 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1660000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1410000000 usd
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1130000000 usd
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
276000000.0 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1520000000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsRemainderOfFiscalYear
8692000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments In Year One
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsInYearOne
243243000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsInYearTwo
166914000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsInYearThree
131878000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsInYearFour
50362000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsInYearFive
58541000 usd
CY2024Q3 bfs Long Term Debt Maturities Repayments Of Principal And Balloon Payments After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAndBalloonPaymentsAfterYearFive
853249000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1512879000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19997000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
1492882000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20000000.0 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
19300000 usd
CY2024Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
11200000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
10600000 usd
CY2024Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
18870000 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
17072000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
55355000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
48852000 usd
CY2024Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
577000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
564000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1722000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1687000 usd
CY2024Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
7191000 usd
CY2023Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
5154000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
20036000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
13768000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
12256000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
12482000 usd
us-gaap Interest Expense
InterestExpense
37041000 usd
us-gaap Interest Expense
InterestExpense
36771000 usd
CY2024Q3 us-gaap Interest Income Operating
InterestIncomeOperating
43000 usd
CY2023Q3 us-gaap Interest Income Operating
InterestIncomeOperating
63000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
113000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
253000 usd
CY2024Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12213000 usd
CY2023Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12419000 usd
bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
36928000 usd
bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
36518000 usd
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
14800000 usd
us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
12100000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24133000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24059000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24113000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24043000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24155000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24062000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24123000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24044000 shares
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
339200 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
332100 usd
bfs Deferred Compensation Arrangement With Individual Contributions By Plan Participants Percentage Of Salary Maximum
DeferredCompensationArrangementWithIndividualContributionsByPlanParticipantsPercentageOfSalaryMaximum
0.02
us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
186900 usd
us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
225500 usd
bfs Deferred Compensation Arrangement With Individual Employer Contribution Percentage Deferred Compensation
DeferredCompensationArrangementWithIndividualEmployerContributionPercentageDeferredCompensation
3
bfs Deferred Compensation Arrangement With Individual Employer Contribution Percentage Deferred Compensation
DeferredCompensationArrangementWithIndividualEmployerContributionPercentageDeferredCompensation
3
CY2024Q3 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
2300000 usd
CY2023Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
3300000 usd
us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
7756 shares
CY2024Q3 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
123147 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1820000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.41
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1197380 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
bfs Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
0 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10625 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
33.79
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
58244 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
626375 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
51.29
bfs Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodIntrinsicValue
0 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1183000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
48.55
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1512471 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
943250 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
50.64
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
535135 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10625 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2024Q3 us-gaap Share Price
SharePrice
41.96
CY2024Q3 bfs Share Based Compensation Arrangement By Share Based Payment Award Options Grants Since Inception
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsSinceInception
1000000.0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M
bfs Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights Minimum Required Percentage Of Shares Granted That Will Vest
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRightsMinimumRequiredPercentageOfSharesGrantedThatWillVest
0.90
CY2024Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1120000000 usd
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
957900000 usd
CY2024Q3 us-gaap Notes Payable
NotesPayable
1320000000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
1130000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-2851000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
2804000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
388000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
4106000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
605000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
593000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1817000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
1508000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q3 us-gaap Revenues
Revenues
67288000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17731000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
49557000 usd
CY2024Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12213000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12072000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5680000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19592000 usd
CY2024Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
54817000 usd
CY2024Q3 us-gaap Assets
Assets
2113024000 usd
CY2023Q3 us-gaap Revenues
Revenues
63766000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17361000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
46405000 usd
CY2023Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12419000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12096000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5179000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
16711000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
47901000 usd
CY2023Q3 us-gaap Assets
Assets
1960923000 usd
us-gaap Revenues
Revenues
200923000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
53164000 usd
us-gaap Gross Profit
GrossProfit
147759000 usd
bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
36928000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36102000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17565000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
181000 usd
us-gaap Profit Loss
ProfitLoss
57345000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
145011000 usd
CY2024Q3 us-gaap Assets
Assets
2113024000 usd
us-gaap Revenues
Revenues
190524000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
50091000 usd
us-gaap Gross Profit
GrossProfit
140433000 usd
bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
36518000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36227000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16125000 usd
us-gaap Profit Loss
ProfitLoss
51563000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
147267000 usd
CY2023Q3 us-gaap Assets
Assets
1960923000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19592000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
16711000 usd
us-gaap Profit Loss
ProfitLoss
57345000 usd
us-gaap Profit Loss
ProfitLoss
51563000 usd
CY2024Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12213000 usd
CY2023Q3 bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
12419000 usd
bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
36928000 usd
bfs Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
36518000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12072000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12096000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36102000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36227000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5680000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5179000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17565000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16125000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0000907254-24-000100.txt Edgar Link pending
0000907254-24-000100-xbrl.zip Edgar Link pending
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bfs-09302024xex32.htm Edgar Link pending
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bfs-20240930_lab.xml Edgar Link unprocessable