Filing Flows › Saul Centers (BFS) › Q2 2026
Saul Centers (BFS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Saul Centers (BFS) reported revenue of $76.8M for the second quarter 2026 (Q2 2026), +8% from a year earlier and -2% from the quarter before. Operating margin was 67.7%, net earnings $8.8M (11.4% of revenue).
Saul Centers, Q2 2026: revenue $76.8M (+8% year over year), operating margin 67.7%, net earnings $8.8M, operating cash flow $30.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.8M | -2% | +8% |
| Operating profit | $52.0M | +0.7% | +7% |
| Net earnings | $8.8M | -4% | -18% |
| Operating cash flow | $30.8M | +5% | +16% |
| Free cash flow | $26.6M | +4% | +263% |
What changed
Revenue was $76.8M in Q2 2026, up 8% year over year and down 2% from the previous quarter.
Operating profit was $52.0M, a 67.7% margin (down 1.0 points year over year). Of the extra revenue versus Q2 2025, 56% reached operating profit, below the 69% margin then. Total costs grew 12% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $8.8M, down 18% year over year. The effective tax rate was 0.0%.
Operating cash flow was $30.8M (up 16% year over year), 267% of net income including minority interests. Non-cash charges added back $16.0M of depreciation and amortization and $627K of share-based compensation. Working capital and other items added $2.6M. Capital expenditures of $4.2M left free cash flow of $26.6M.
Questions
What was Saul Centers' revenue in the second quarter 2026?
Saul Centers (BFS) reported revenue of $76.8M for the second quarter 2026 (Q2 2026), +8% from a year earlier and -2% from the quarter before.
Was Saul Centers profitable in the second quarter 2026?
Operating profit was $52.0M (67.7% of revenue) and net earnings $8.8M.
Source: Saul Centers 10-Q on SEC EDGAR.