Saul Centers declares quarterly dividends
BETHESDA, Maryland, September 23, 2021 / PRNewswire / – Saul centers, Inc. (NYSE: BFS) declared a quarterly dividend of $ 0.55 per share on its ordinary shares, payable on October 29, 2021, to registrants on October 15, 2021. The ordinary dividend is the same as the amount paid in the previous quarter and represents a $ 0.02 per share (3.77%) compared to the amount paid during the corresponding quarter of the previous fiscal year.
The Company has also declared quarterly dividends on (a) its 6.125% Cumulative Redeemable Preferred Shares Series D, in the amount of $ 0.3828125 per depositary share and (b) its 6000% redeemable preferred shares of series E, in an amount of $ 0.3750000 by depositary share. Preferred dividends will be paid on October 15, 2021, to registrants on October 1, 2021.
Saul centers, Inc. is a self-directed and self-directed equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 61 properties that includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) four lands and properties under development. About 85% of Saul Centers’ real estate operating income is generated by properties in the metropolis Washington DC/Baltimore Region.
More information on Saul centers is available on the Company’s website at www.saulcenters.com.
Safe Harbor Declaration
Safe Harbor Statement Certain matters discussed in this press release may be considered forward-looking statements within the meaning of federal securities laws. For these statements, we claim safe harbor protection for the forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in the forward-looking statements are based on reasonable assumptions, this may give no assurance that their expectations will be met. These factors include, without limitation, the risk factors described in our annual report on (i) Form 10-K for the year ended. December 31, 2020 and (ii) our quarterly report on Form 10-Q for the quarter ended June 30, 2021 and include the following: (i) general adverse local economic and real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on terms favorable to the Company, (iv) the Company’s ability to raise capital by selling its assets, (v) changes in government laws and regulations and management’s ability to estimate the impact of such changes, (vi) the level and volatility of rates interest and management’s ability to estimate the impact, (vii) the availability of suitable acquisition, disposal, development and redevelopment opportunities, and the risks associated with acquisitions that do not materialize. not in accordance with our expectations, (viii) increases in operating costs, (ix) changes in the dividend policy for the Company’s common and preferred shares and the ability to pay dividends at current levels, ( x) decrease in the Company’s income in the event of multiple terminations of leases by tenants or of non-occupation by several tenants of their premises in a shopping center, (xi) depreciation charges, (xii) unforeseen changes in the Company’s intention or ability to prepay certain debts prior to maturity and (xiii) an epidemic or pandemic (such as the outbreak and global spread of COVID-19), and the actions that governments international, federal, state and local agencies, law enforcement and / or health authorities are implementing to address this, which may (as in the case of COVID-19) precipitate or exacerbate one or more risks mentioned above and / or others, and disrupt or significantly prevent our normal course business for an extended period. In view of these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements we make, including those contained in this press release. Unless required by law, we make no promise to update forward-looking statements as a result of new information, future events or otherwise. You should carefully consider the risks and risk factors included in (i) our annual report on Form 10-K for the year ended. December 31, 2020 and (ii) our quarterly report on Form 10-Q for the quarter ended June 30, 2021.
THE SOURCE Saul centers, Inc.