BFS Saul Centers Inc

BETHESDA, Md., Jan. 10 /PRNewswire-FirstCall/ -- Saul Centers, Inc. (NYSE:BFS), an equity real estate investment trust (REIT), announced today the income tax treatment for its 2005 dividends. The Company declared and paid four quarterly dividends totaling $1.60 per share of Common Stock during 2005. For tax purposes, 95.0% of the dividends ($1.52 per share) is characterized as ordinary income, while 5.0% ($0.08 per share) is characterized as return of capital. The Company declared and paid four dividends totaling $2.00 per depositary share of its 8% Preferred Stock during 2005. For tax purposes, 100.0% of the dividends are characterized as ordinary income. The information will be reported to shareholders on Form 1099-DIV. 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 44 community and neighborhood shopping center and office properties totaling approximately 7.4 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. 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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