Saul Centers, Inc. Announces Tax Treatment of 2021 Dividends

Rhea-AI Summary

Saul Centers, Inc. (NYSE: BFS) announced the tax treatment of its 2021 dividends, totaling $2.16 per share, with 69.07% classified as ordinary income and 30.93% as return of capital. Preferred stock dividends included $1.53125 per depositary share for Series D and $1.50000 for Series E, all reported as ordinary income. The company owns and manages a portfolio of 61 properties, predominantly in the Washington DC/Baltimore area, contributing to significant operating income.

Positive

• Total 2021 dividends of $2.16 per share provide attractive income for shareholders.
• Strong tax treatment with 69.07% classified as ordinary income supports investor confidence.
• Diverse portfolio of 61 properties enhances revenue stability.

Negative

• None.

BETHESDA, Md., Jan. 20, 2022 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2021 dividends. During 2021, the Company declared and paid four quarterly dividends on its Common Stock totaling $2.16 per share. For tax purposes, 69.07% of the dividends ($1.49 per common share) are characterized as ordinary income, while 30.93% of the dividends ($0.67 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 2021, 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. Approximately 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.

FAQ

What is the dividend amount declared by Saul Centers (BFS) for 2021?

Saul Centers declared a total dividend of $2.16 per share for 2021.

How much of the 2021 dividend is considered ordinary income for BFS shareholders?

69.07% of the 2021 dividend, amounting to $1.49 per share, is characterized as ordinary income.

When will the tax information for BFS dividends be reported to shareholders?

The tax information will be reported to shareholders on Form 1099-DIV.

What are the preferred stock dividends declared by Saul Centers in 2021?

Preferred stock dividends included $1.53125 per Series D depositary share and $1.50000 per Series E depositary share.

Is the preferred stock dividend for BFS considered ordinary income?

Yes, 100% of the preferred stock dividends are characterized as ordinary income.