BETHESDA, Md., Jan. 12, 2012 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment for its 2011
dividends. The Company declared and paid four quarterly
dividends totaling $1.44 per share of
Common Stock during 2011. For tax purposes, 50.0% of the
dividends ($0.72 per common share)
are characterized as ordinary income and 50.0% of the dividends
($0.72 per common share) are
characterized as return of capital. The Company declared and
paid four dividends totaling $2.00
per depositary share on its Series A 8% Preferred Stock during
2011. The Company also declared and paid four dividends
totaling $2.25 per depositary share
on its Series B 9% Preferred Stock during 2011. For tax
purposes, 100.0% of all the Preferred Stock 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 58 operating community and
neighborhood shopping center and office/mixed-use properties
totaling approximately 9.5 million square feet of leasable area.
Over 85% of the Company's cash flow is generated from 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.
SOURCE Saul Centers, Inc.