BFS Saul Centers Inc

BETHESDA, Md., June 19 /PRNewswire-FirstCall/ -- Saul Centers, Inc. (NYSE:BFS) has declared a quarterly dividend of $0.47 per share on its common stock, to be paid July 31, 2008 to holders of record on July 17, 2008. The amount of the common dividend payable is unchanged from the previous quarter and represents a $0.03 per share increase (6.8%) over the prior year's comparable quarter. The Company also declared the quarterly dividends for its 8% Series A Cumulative Redeemable Preferred Stock in the amount of $0.50 per depositary share and 9% Series B Cumulative Redeemable Preferred Stock in the amount of $0.5934 per depositary share. The amount of the Series B dividend includes payment for a full quarter and five extra days representing the period commencing at the issue date of the Series B Preferred Stock, March 27, 2008, through the quarter end, June 30, 2008. Both preferred dividends will be paid July 15, 2008 to holders of record on July 1, 2008. 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 51 operating community and neighborhood shopping center and office properties totaling approximately 8.2 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 on the Company's 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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