BETHESDA, Md., Jan. 19,
2024 /PRNewswire/ -- Saul
Centers, Inc. (NYSE:
BFS), an equity real estate
investment trust (REIT), announced today the income tax
treatment of its 2023 dividends. During 2023, the Company declared
and paid four quarterly dividends on its Common Stock totaling
$2.36 per share. For tax purposes,
74.2% of the dividends ($1.75 per
common share) are characterized as ordinary income, while 25.8% of
the dividends ($0.61 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 2023, 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 61 properties which includes (a) 50 community and
neighborhood shopping centers and seven mixed-use properties with
approximately 9.8 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.