As of December 31, 2003, the company’s real estate portfolio consisted of 36 properties, which were located primarily in the Washington and Baltimore metropolitan area.
The portfolio is composed of 31 neighborhood and community shopping centers, and 5 office properties.
The company has qualified to be taxed as a REIT under the Internal Revenue Code.
As a REIT, Saul Centers would not be subject to corporate federal, state, or local income taxes on taxable income it distributes to its stockholders.
Saul Centers was incorporated in 1993 and is headquartered in Bethesda, Maryland.
