Filing Flows › Saul Centers (BFS) › Q3 2026
Saul Centers (BFS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Saul Centers (BFS) reported revenue of $78.4M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +2% from the quarter before. Operating margin was 67.6%, net earnings $9.5M (12.1% of revenue).
Saul Centers, Q3 2026: revenue $78.4M (+9% year over year), operating margin 67.6%, net earnings $9.5M, operating cash flow $14.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.4M | +2% | +9% |
| Operating profit | $53.0M | +2% | +7% |
| Net earnings | $9.5M | +8% | -10% |
| Operating cash flow | $14.0M | -55% | -32% |
| Free cash flow | $8.6M | -68% | +190% |
What changed
Revenue was $78.4M in Q3 2026, up 9% year over year and up 2% from the previous quarter.
Operating profit was $53.0M, a 67.6% margin (down 1.5 points year over year). Of the extra revenue versus Q3 2025, 51% reached operating profit, below the 69% margin then. Total costs grew 14% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $9.5M, down 10% year over year. The effective tax rate was 0.0%.
Operating cash flow was $14.0M (down 32% year over year), 111% of net income including minority interests. Non-cash charges added back $16.1M of depreciation and amortization and $690K of share-based compensation. Working capital and other items used $15.5M. Capital expenditures of $5.4M left free cash flow of $8.6M.
Questions
What was Saul Centers' revenue in the third quarter 2026?
Saul Centers (BFS) reported revenue of $78.4M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +2% from the quarter before.
Was Saul Centers profitable in the third quarter 2026?
Operating profit was $53.0M (67.6% of revenue) and net earnings $9.5M.
Source: Saul Centers 10-Q on SEC EDGAR.