BETHESDA, Md., Jan. 23,
2025 /PRNewswire/ -- Saul Centers, Inc. (NYSE:
BFS), an equity real estate
investment trust (REIT), announced today the income tax
treatment of its 2024 dividends. During 2024, the Company declared
and paid four quarterly dividends on its Common Stock totaling
$2.36 per common share. For tax
purposes, 71.66% of the dividends ($1.69 per common share) are characterized as
ordinary income and 28.34% of the dividends ($0.67 per common share) are characterized as
return of capital. The information will be reported to shareholders
on Form 1099-DIV and the ordinary income portion will be reported
as section 199A dividends.
During 2024, the Company declared and paid the following
dividends on its preferred stock:
- Four dividends totaling $1.53125
per depositary share on its 6.125% Series D Preferred Stock;
and
- Four dividends totaling $1.50000
per depositary share on its 6.000% Series E Preferred Stock
For tax purposes, 100.0% of the Preferred Stock dividends are
characterized as ordinary income. The information will be reported
to shareholders on Form 1099-DIV and will be reported as section
199A dividends.
Saul Centers, Inc. is a
self-managed, self-administered equity REIT headquartered in
Bethesda, Maryland, which
currently operates and manages a real estate portfolio of 62
properties which includes (a) 58 community and neighborhood
shopping centers and mixed-use properties with approximately 10.2
million square feet of leasable area and (b) four land and
development properties. Over 85% of the Saul Centers' property
operating income is generated by properties in the metropolitan
Washington, DC/Baltimore area.
More information about Saul
Centers, Inc. is available on the Company's website at
www.SaulCenters.com.
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SOURCE Saul Centers, Inc.
