BFS Saul Centers Inc

Saul Centers Declares Quarterly Dividends BETHESDA, Md., June 23 /PRNewswire-FirstCall/ -- Saul Centers, Inc. (NYSE:BFS) has declared a quarterly dividend of $0.40 per share on its common stock, to be paid July 29, 2005 to holders of record on July 15, 2005. The dividend represents a $0.01 increase (2.6%) over the prior quarter's dividend. The Company also declared the quarterly dividend for its 8% Series A Cumulative Redeemable Preferred Stock in the amount of $0.50 per depositary share. The dividend will be paid July 15, 2005 to holders of record on July 1, 2005. Saul Centers is a self-managed, self-administered equity real estate investment trust headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio of 41 community and neighborhood shopping center and office properties totaling approximately 7.3 million square feet of leasable area. Over 80% of the Company's cash flow is generated from properties in the metropolitan Washington, DC/Baltimore area. More information about Saul Centers is available at its website at http://www.saulcenters.com/. DATASOURCE: Saul Centers, Inc. CONTACT: Scott V. Schneider of Saul Centers, Inc., +1-301-986-6220 Web site: http://www.saulcenters.com/

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