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.
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