BFS.PRE / Saul Centers, Inc. - Preferred Stock - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

Saul Centers, Inc. - Preferred Stock
US ˙ NYSE ˙ US8043958797

Mga Batayang Estadistika
CIK 907254
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Saul Centers, Inc. - Preferred Stock
SEC Filings (Chronological Order)
Halaman ini menyediakan daftar lengkap dan kronologis dari Pengajuan SEC, tidak termasuk pengajuan kepemilikan yang kami sediakan di tempat lain.
August 7, 2025 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2025 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2025 Earnings August 7, 2025, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended June 30, 2025 (“2025 Quarter”). Total revenue for the 2025 Quarter inc

August 7, 2025 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2025 Percentage Leased as of June 30, Property Location Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) 2025 2024 2023 2022 2021 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100% 100% 100% 100% 100% Lidl, Planet Fitness,

August 7, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 7, 2025 SAUL CENTERS, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 7, 2025 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

August 7, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PUR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

August 5, 2025 EX-10.2

Guaranty dated July 30, 2025, by Saul Centers, Inc.; Saul Subsidiary I Limited Partnership; Saul Subsidiary II Limited Partnership; Briggs Chaney Plaza, LLC; 11503 Rockville Pike LLC; 1500 Rockville Pike LLC; Smallwood Village Center LLC; Westview Village Center LLC; and Metro Pike Center LLC, as Guarantors; in favor of Wells Fargo, as Administrative Agent for the lenders from time to time party to the Credit Agreement.

exhibit102 1 GUARANTY THIS GUARANTY dated as of July 30, 2025 (the “Guaranty”) executed and delivered by each of the undersigned and the other Persons from time to time party hereto pursuant to the execution and delivery of an Accession Agreement in the form of Annex I hereto (all of the undersigned, together with such other Persons, each a “Guarantor” and collectively, the “Guarantors”) in favor

August 5, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 30, 2025 SAUL CENTERS, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 30, 2025 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Num

August 5, 2025 EX-10.1

Credit Agreement, dated July 30, 2025, by and among Saul Holdings Limited Partnership, as Borrower; Wells Fargo Securities, LLC, as Joint Lead Arranger and Joint Bookrunner; Wells Fargo Bank, National Association, as Administrative Agent; Capital One, National Association, as Syndication Agent, Joint Lead Arranger and Joint Bookrunner; U.S. Bank National Association, as Documentation Agent and Joint Lead Arranger; Truist Bank, as Documentation Agent and Joint Lead Arranger; The Huntington National Bank, as Documentation Agent and Joint Lead Arranger; and Wells Fargo, Capital One, US Bank, Truist, Huntington, Associated Bank, National Association, and Atlantic Union Bank, as Lenders (the "Credit Agreement").

exhibit101 4899-1669-0765v.8 EXECUTION VERSION Revolving Credit Loan No. 1005595 Term Loan No. 1005595 CREDIT AGREEMENT Dated as of July 30, 2025 by and among SAUL HOLDINGS LIMITED PARTNERSHIP, as Borrower, THE FINANCIAL INSTITUTIONS PARTY HERETO AND THEIR ASSIGNEES UNDER SECTION 13.6., as Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, CAPITAL ONE, NATIONAL ASSOCIATION,

May 13, 2025 8-K

Regulation FD Disclosure, Financial Statements and Exhibits, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 9, 2025 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

May 13, 2025 EX-99.A

Saul Centers Annual Presentation to Shareholders 2024Exhibit 99.(a) Annual Presentation to Shareholders – May 9, 2025 2 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-lo

Saul Centers Annual Presentation to Shareholders 2024Exhibit 99.(a) Annual Presentation to Shareholders – May 9, 2025 2 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-looking statements within the meaning of the federal securities laws. For these statements, we claim the protection of the safe harbor for forward-looki

May 8, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PU

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

May 8, 2025 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2025 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2025 Earnings May 8, 2025, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended March 31, 2025 (“2025 Quarter”). Total revenue for the 2025 Quarter increa

May 8, 2025 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2025 Percentage Leased as of March 31, Property Location Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) 2025 2024 2023 2022 2021 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100% 100% 100% 100% 100% Lidl, Planet Fitness

May 8, 2025 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 8, 2025 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

March 24, 2025 ARS

2024 ANNUAL REPORT to Shareholders SAUL CENTERS, INC. ANNUAL REPORT 2024 | WWW.SAULCENTERS.COM (a) Certain reclassifications have been made to prior years to conform to the presentation used for year ended December 31, 2024. (b) Funds From Operations

2024 ANNUAL REPORT to Shareholders SAUL CENTERS, INC. ANNUAL REPORT 2024 | WWW.SAULCENTERS.COM (a) Certain reclassifications have been made to prior years to conform to the presentation used for year ended December 31, 2024. (b) Funds From Operations (FFO) is a non-GAAP financial measure. See page 48 of the 10-K for a definition of FFO and reconciliation to Net Income. TOTAL REVENUE(a) (In million

March 24, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

March 24, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

February 28, 2025 EX-19

Insider Trading Policy is filed herewith.

Exhibit 19 - 1 - SAUL CENTERS, INC. INSIDER TRADING POLICY I. INTRODUCTION The following Insider Trading Policy (the “Policy”) of Saul Centers, Inc. and all of its subsidiaries (collectively, the “Company”), has been adopted by and is intended to govern the conduct of the Company’s directors, officers, Employees (as defined below), and other individuals designated by the Chief Financial Officer in

February 28, 2025 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 28, 2025 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 28, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-12254 SAUL CENTERS, INC.

February 28, 2025 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 101 Van Dorn LLC 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashbrook Marketplace LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Cranberry Square LLC Cranberry Square Subsidi

February 28, 2025 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2024 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2024 Earnings February 28, 2025, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended December 31, 2024 (“2024 Quarter”). Total revenue for the 2024 Quar

January 14, 2025 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 9, 2025 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File N

November 7, 2024 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2024 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2024 2023 2022 2021 2020 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % 100 % 100 % Lid

November 7, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2024 ☐ TRANSITION REPOR

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

November 7, 2024 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2024 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2024 Earnings November 7, 2024, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended September 30, 2024 (“2024 Quarter”). Total revenue for the 2024 Quart

November 7, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 7, 2024 SAUL CENTERS, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 7, 2024 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

August 1, 2024 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2024 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2024 2023 2022 2021 2020 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % 100 % 100 % Lidl, Planet

August 1, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

August 1, 2024 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2024 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2024 Earnings August 1, 2024, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended June 30, 2024 (“2024 Quarter”). Total revenue for the 2024 Quarter inc

August 1, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 1, 2024 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

May 21, 2024 EX-99.A

Saul Centers Annual Presentation to Shareholders 2024Exhibit 99.(a) Annual Presentation to Shareholders – May 17, 2024 2 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-l

a2024annualshareholdersm Saul Centers Annual Presentation to Shareholders 2024Exhibit 99.

May 21, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 17, 2024 SAUL CENTERS, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 17, 2024 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

May 21, 2024 EX-3.1

Articles of Incorporation of Saul Centers, Inc.

ARTICLES OF AMENDMENT AND RESTATEMENT OF SAUL CENTERS, INC. SAUL CENTERS, INC., a Maryland corporation having its principal office in Chevy Chase, Maryland, (hereinafter, the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of the State of Maryland, that: FIRST: The Corporation desires to amend and restate its charter as currently in effect. SECOND: The provisio

May 17, 2024 EX-99.4

Form of Performance -Vesting Restricted Stock Agreement.

exhibit994 Exhibit 99.4 4858-6754-9887.v2 SAUL CENTERS, INC. 2024 STOCK INCENTIVE PLAN NOTICE OF RESTRICTED STOCK AWARD (Performance Vesting) You have been granted the following restricted shares of Common Stock (the “Restricted Shares” or the/this “Award”) of Saul Centers, Inc. (the “Company”) under the Saul Centers, Inc. 2024 Stock Incentive Plan (as may be amended from time to time, the “Plan”)

May 17, 2024 EX-99.2

Form of Stock Option Agreement.

Exhibit 99.2 1 SAUL CENTERS, INC. 2024 STOCK INCENTIVE PLAN NOTICE OF STOCK OPTION GRANT You have been granted the following Option (this “Option” or this “Award”) to purchase shares of Common Stock (“Stock”) of Saul Centers, Inc. (the “Company”) under the Saul Centers, Inc. 2024 Stock Incentive Plan (as may be amended from time to time, the “Plan”): Name of Optionee: [Name of Optionee] Grant Date

May 17, 2024 S-8

As filed with the Securities and Exchange Commission on May 17, 2024.

As filed with the Securities and Exchange Commission on May 17, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer

May 17, 2024 EX-99.1

Saul Centers, Inc. 2024 Stock Incentive Plan.

exhibit991 Exhibit 99.1 SAUL CENTERS, INC. 2024 STOCK INCENTIVE PLAN (Adopted by the Board of Directors on September 21, 2023) (Approved by the Stockholders on May 17, 2024) Effective Date: May 17, 2024 SAUL CENTERS, INC. 2024 STOCK INCENTIVE PLAN i TABLE OF CONTENTS Page SECTION 1. ESTABLISHMENT AND PURPOSE. .............................................................. 1 SECTION 2. DEFINITIONS.

May 17, 2024 EX-99.5

Form of Time -Vesting Restricted Stock Agreement.

Exhibit 99.5 4887-3067-5080.v8 SAUL CENTERS, INC. 2024 STOCK INCENTIVE PLAN NOTICE OF RESTRICTED STOCK AWARD (Time-Based Vesting) You have been granted the following restricted shares of Common Stock (the “Restricted Shares” or the/this “Award”) of Saul Centers, Inc. (the “Company”) under the Saul Centers, Inc. 2024 Stock Incentive Plan (as may be amended from time to time, the “Plan”): Name of Re

May 17, 2024 EX-99.3

Form of Restricted Stock Agreement for Directors.

exhibit993 Exhibit 99.3 4854-0378-3797.v11 SAUL CENTERS, INC. 2024 STOCK INCENTIVE PLAN NOTICE OF RESTRICTED STOCK AWARD (DIRECTORS) You have been granted the following restricted shares of Common Stock (the “Restricted Shares” or the/this “Award”) of Saul Centers, Inc. (the “Company”) under the Saul Centers, Inc. 2024 Stock Incentive Plan (as may be amended from time to time, the “Plan”): Name of

May 17, 2024 EX-FILING FEES

Filing Fee Table.

exhibit107 Exhibit 107 Calculation of Filing Fee Tables Form S-8 (Form Type) Saul Centers, Inc.

May 15, 2024 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

May 2, 2024 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2024 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2024 Earnings May 2, 2024, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended March 31, 2024 (“2024 Quarter”). Total revenue for the 2024 Quarter increa

May 2, 2024 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2024 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2024 2023 2022 2021 2020 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % 100 % 100 % Lidl, Plane

May 2, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

May 2, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 2, 2024 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

April 2, 2024 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

April 2, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

March 19, 2024 PRE 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: x Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

February 29, 2024 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2023 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2023 Earnings February 29, 2024, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended December 31, 2023 (“2023 Quarter”). Total revenue for the 2023

February 29, 2024 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 101 Van Dorn LLC 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashbrook Marketplace LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Cranberry Square LLC Cranberry Square Subsidi

February 29, 2024 EX-97.1

Incentive-based compensation Recoupment Policy filed as Exhibit 97.1 of the 2023 Annual Report on Form 10-K of the Company is hereby incorporated by reference.

Incentive-Based Compensation Clawback Policy Saul Centers, Inc. 1. Purpose The Board of Directors (the “Board”) of Saul Centers, Inc., a Maryland corporation (the “Company”), has adopted this Incentive-Based Compensation Recoupment Policy (this “Policy”) to comply with Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as codified by Section 10D of the Securities

February 29, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 29, 2024 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 29, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-12254 SAUL CENTERS, INC.

February 13, 2024 SC 13G/A

BFS / Saul Centers, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01877-saulcentersinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 15)* Name of issuer: Saul Centers Inc Title of Class of Securities: Common Stock CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate t

November 16, 2023 8-K/A

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 10, 2023 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

November 2, 2023 EX-10.A

The Nineteenth Amendment to the First Amended and Restated Agreement of Limited Partnership of Saul Holdings Limited Partnership, filed as Exhibit 10.(a) of the September 30, 2023 Quarterly Report of the Company on Form 10-Q is hereby incorporated by reference.

exhibit10a-final 1 NINETEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP THIS NINETEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP (this “Amendment”), dated as of October 18, 2023, is entered into by the undersigned parties.

November 2, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numb

November 2, 2023 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2023 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2023 Earnings November 2, 2023, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended September 30, 2023 (“2023 Quarter”). Total revenue for the 2023 Quart

November 2, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 2, 2023 SAUL CENTERS, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 2, 2023 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

November 2, 2023 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2023 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2023 2022 2021 2020 2019 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % 100 % N/A Lidl,

October 12, 2023 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 10, 2023 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

August 3, 2023 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2023 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2023 Earnings August 3, 2023, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced operating results for the quarter ended June 30, 2023 (“2023 Quarter”). Total revenue for the 2023 Quarter inc

August 3, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

August 3, 2023 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 3, 2023 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

August 3, 2023 EX-99.(A)

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2023 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2023 2022 2021 2020 2019 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % 100 % N/A Lidl, Planet Fi

May 15, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 12, 2023 SAUL CENTERS, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 12, 2023 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

May 15, 2023 EX-99.A

Exhibit 99.(a) Annual Presentation to Shareholders – May 12, 2023 2 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-looking statements within the meaning of the federal s

a2023annualshareholdersm Exhibit 99.(a) Annual Presentation to Shareholders – May 12, 2023 2 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-looking statements within the meaning of the federal securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in

May 4, 2023 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2023 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2023 2022 2021 2020 2019 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % 100 % N/A Lidl, Planet

May 4, 2023 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2023 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2023 Earnings May 4, 2023, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (“REIT”), announced its operating results for the quarter ended March 31, 2023 (“2023 Quarter”). Total revenue for the 2023 Quarter in

May 4, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1

May 4, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 4, 2023 SAUL CENTERS, INC. (E

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 4, 2023 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

March 30, 2023 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

March 30, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

March 10, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 9, 2023 SAUL CENTERS, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 9, 2023 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Num

March 2, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 2, 2023 SAUL CENTERS INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 2, 2023 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

March 2, 2023 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2022 Earnings

Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2022 Earnings March 2, 2023, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended December 31, 2022 (“2022 Quarter”). Total revenue for the 2022 Quar

March 2, 2023 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 101 Van Dorn LLC 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashbrook Marketplace LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Cranberry Square LLC Cranberry Square Subsidi

March 2, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUA

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-12254 SA

February 9, 2023 SC 13G/A

BFS / Saul Centers Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01846-saulcentersinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 14)* Name of issuer: Saul Centers Inc. Title of Class of Securities: REIT CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box to designate the rule

November 8, 2022 EX-99.1

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2022 Earnings

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated November 8, 2022, of Saul Centers, Inc. Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2022 Earnings November 8, 2022, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (?REIT?), announced its o

November 8, 2022 EX-10.1

First Amendment to Credit Agreement dated October 3, 2022, by and among: the Partnership, as Borrower; Wells Fargo Bank, National Association, as Administrative Agent; Capitol One, National Association, as Syndication Agent; TD Bank, N.A., U.S. Bank National Association, Regions Bank, PNC Bank, National Association, and Associated Bank, National Association, as Lenders and filed as Exhibit 10.1 of the September 30, 2022 Quarterly Report of the Company, is hereby incorporated by reference.

Exhibit 10.1 EXECUTION VERSION FIRST AMENDMENT TO CREDIT AGREEMENT This FIRST AMENDMENT TO CREDIT AGREEMENT (this ?Amendment?) is made and entered into as of October 3, 2022 by and among SAUL HOLDINGS LIMITED PARTNERSHIP, a limited partnership formed under the laws of the State of Maryland (together with its successors and assigns, the ?Borrower?), each of the financial institutions initially a si

November 8, 2022 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2022 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2022 2021 2020 2019 2018 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % N/A N/A Lidl, P

November 8, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numb

November 8, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 8, 2022 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

August 4, 2022 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated August 4, 2022, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2022 Earnings August 4, 2022, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust

August 4, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

August 4, 2022 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2022 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2022 2021 2020 2019 2018 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % N/A N/A Lidl, Planet Fitn

August 4, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 4, 2022 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

May 18, 2022 EX-99.A

Annual Presentation to Shareholders – May 13, 2022 Annual Presentation to Shareholders – May 13, 2022 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-looking statements w

Annual Presentation to Shareholders ? May 13, 2022 Annual Presentation to Shareholders ? May 13, 2022 Forward Looking Statements Safe Harbor Statement Certain matters discussed within this presentation may be deemed to be forward-looking statements within the meaning of the federal securities laws.

May 18, 2022 8-K

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 13, 2022 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

May 5, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1

May 5, 2022 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated May 5, 2022, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2022 Earnings May 5, 2022, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT

May 5, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 5, 2022 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

May 5, 2022 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2022 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2022 2021 2020 2019 2018 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % 100 % N/A N/A Lidl, Planet Fi

March 23, 2022 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

DEF 14A 1 bfs-12312021def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confi

February 24, 2022 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashbrook Marketplace LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Cranberry Square LLC Cranberry Square Subsidiary LLC Kentlands

February 24, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 24, 2022 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 24, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUA

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-12254 SA

February 24, 2022 EX-99

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated February 24, 2022, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2021 Earnings February 24, 2022, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment

February 10, 2022 SC 13G/A

BFS / Saul Centers Inc / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 13)* Name of issuer: Saul Centers Inc. Title of Class of Securities: REIT CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d

December 16, 2021 S-3D

As filed with the Securities and Exchange Commission on December 16, 2021

S-3D 1 bfs-12162021sx3.htm S-3D As filed with the Securities and Exchange Commission on December 16, 2021 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other jurisdiction (I.R.S. Empl

December 16, 2021 EX-24.1

Power of Attorney.

Exhibit 24.1 POWER OF ATTORNEY Each person whose signature appears below hereby constitutes and appoints each of B. Francis Saul II and Carlos L. Heard as his or her attorney-in-fact and agent, with full power of substitution and resubstitution for him or her in any and all capacities, to sign any or all amendments or post-effective amendments to this Registration Statement, and to file the same,

November 4, 2021 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated November 4, 2021, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2021 Earnings November 4, 2021, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment tru

November 4, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 4, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

November 4, 2021 EX-10.A

The Eighteenth Amendment to the First Amended and Restated Agreement of Limited Partnership of Saul Holdings Limited Partnership, filed as Exhibit 10.(a) of the September 30, 2021 Quarterly Report of the Company on Form 10-Q is hereby incorporated by reference.

Exhibit 10.(a) 1 EIGHTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP THIS EIGHTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP (this ?Amendment?), dated as of October 18, 2021, is entered into by the undersigned parties. W I T N E S S E T H: WHEREAS, Saul

November 4, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numb

November 4, 2021 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2021 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2021 2020 2019 2018 2017 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % N/A N/A N/A Lidl, Pla

September 1, 2021 EX-10.2

Guaranty dated August 31, 2021, by and between: Saul Centers, Inc.; Saul Subsidiary I Limited Partnership; Saul Subsidiary II Limited Partnership; Briggs Chaney Plaza, LLC; Kentlands Lot 1, LLC; 11503 Rockville Pike LLC; Rockville Pike Holdings LLC; 1500 Rockville Pike LLC; Smallwood Village Center LLC; Westview Village Center LLC; Avenel VI, Inc.; Metro Pike Center LLC; and Washington Square Center LLC, as Guarantors; in favor of Wells Fargo Bank, National Association, as Administrative Agent for the lenders from time to time party to that certain Credit Agreement dated August 31, 2021.

EXECUTION VERSION 79575533.3 GUARANTY THIS GUARANTY dated as of August 31, 2021 (the ?Guaranty?) executed and delivered by each of the undersigned and the other Persons from time to time party hereto pursuant to the execution and delivery of an Accession Agreement in the form of Annex I hereto (all of the undersigned, together with such other Persons, each a ?Guarantor? and collectively, the ?Guar

September 1, 2021 8-K

Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 31, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File N

September 1, 2021 EX-10.1

Guaranty dated August 31, 2021, by and between: Saul Centers, Inc.; Saul Subsidiary I Limited Partnership; Saul Subsidiary II Limited Partnership; Briggs Chaney Plaza, LLC; Kentlands Lot 1, LLC; 11503 Rockville Pike LLC; Rockville Pike Holdings LLC; 1500 Rockville Pike LLC; Smallwood Village Center LLC; Westview Village Center LLC; Avenel VI, Inc.; Metro Pike Center LLC; and Washington Square Center LLC, as Guarantors; in favor of Wells Fargo Bank, National Association, as Administrative Agent for the lenders from time to time party to that certain Credit Agreement dated August 31, 2021 and filed as Exhibit 10.1 to the Current Report of the Company on Form 8-K dated September 1, 2021, is hereby incorporated by reference.

79398846.4 EXECUTION VERSION Revolving Credit Loan No. 1005595 Term Loan No. 1005595 CREDIT AGREEMENT Dated as of August 31, 2021 by and among SAUL HOLDINGS LIMITED PARTNERSHIP, as Borrower, THE FINANCIAL INSTITUTIONS PARTY HERETO AND THEIR ASSIGNEES UNDER SECTION 13.6., as Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, CAPITAL ONE, NATIONAL ASSOCIATION, as Syndication A

August 5, 2021 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

August 5, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 5, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

August 5, 2021 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated August 5, 2021, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2021 Earnings August 5, 2021, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust

August 5, 2021 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2021 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2021 2020 2019 2018 2017 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,819 2018 (2019) 13.7 100 % 100 % N/A N/A N/A Lidl, Planet Fitnes

August 5, 2021 EX-10.A

The Seventeenth Amendment to the First Amended and Restated Agreement of Limited Partnership of Saul Holdings Limited Partnership, filed as Exhibit 10.(a) of the June 30, 2021 Quarterly Report of the Company on Form 10-Q is hereby incorporated by reference.

Exhibit 10.(a) SEVENTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP THIS SEVENTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP (this ?Amendment?), dated as of June 29th, 2021, is entered into by the undersigned parties. W I T N E S S E T H: WHEREAS, Saul

May 10, 2021 EX-99.A

ANNUAL PRESENTATION 2021 Exhibit 99.(a) Annual Presentation – May 7, 2021 2 Portfolio Composition (measured by Property Operating Income) Annual Presentation – May 7, 2021 • In 2020, over 75% of property operating income was generated by shopping cen

EX-99.A 2 a2021annualshareholdersm.htm EX-99.A ANNUAL PRESENTATION 2021 Exhibit 99.(a) Annual Presentation – May 7, 2021 2 Portfolio Composition (measured by Property Operating Income) Annual Presentation – May 7, 2021 • In 2020, over 75% of property operating income was generated by shopping centers • In 2020, approximately 85% of property operating income was generated by properties located in t

May 10, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 7, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

May 10, 2021 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1

May 10, 2021 EX-10.A

First Amendment to the Contribution Agreement, entered into on March 5, 2021, by and between Saul Holdings Limited Partnership and 1592 Rockville Pike LLC, as filed as Exhibit 10.(a) of the March 31, 2021 Quarterly Report of the Company is hereby incorporated by reference.

Exhibit 10.(a) FIRST AMENDMENT TO CONTRIBUTION AGREEMENT Twinbrook Quarter THIS FIRST AMENDMENT TO CONTRIBUTION AGREEMENT (this ?Amendment?) is made as of the 5th day of March, 2021 (the ?First Amendment Effective Date?), by and between SAUL HOLDINGS LIMITED PARTNERSHIP, a Maryland limited partnership (the ?Partnership?), and 1592 ROCKVILLE PIKE LLC, a Delaware limited liability company (?Owner?).

May 10, 2021 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2021 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2021 2020 2019 2018 2017 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,572 2018 (2019) 13.7 100 % 100 % N/A N/A N/A Lidl, Planet Fitn

May 6, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 6, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

May 6, 2021 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated May 6, 2021, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2021 Earnings May 6, 2021, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"

March 23, 2021 DEF 14A

- DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement. ? Confidential, for Use of the Commission Only (

March 11, 2021 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-03112021xex991.htm EX-99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated March 11, 2021, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) On March 11, 2021, Saul Centers, Inc. (the "Company," NYSE: BFS) declared a quarterly dividend of $0.53 per share on its common stock, to be paid April 30, 2021, to holders of record as of April 15, 2021. The dividend on the com

March 11, 2021 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 11, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

March 8, 2021 8-K

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 5, 2021 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Num

February 25, 2021 10-K

Annual Report - 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-12254 SA

February 25, 2021 EX-10.L

The Saul Centers, Inc. 2004 Stock Plan, as amended on April 25, 2008, May 10, 2013 and May 3, 2019, is hereby incorporated by reference.

EX-10.L 2 bfs-12312020xexhibit10l.htm EX-10.L Exhibit 10.(l) Saul Centers, Inc. 2004 Stock Plan (as adopted by the Board of Directors and approved by the shareholders on April 23, 2004, and amended by the Board of Directors and approved by the shareholders on April 25, 2008, May 10, 2013 and May 3, 2019) SECTION 1. PURPOSE. The purpose of the Plan, as hereinafter set forth, is to enable the Compan

February 25, 2021 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 25, 2021 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 25, 2021 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated February 25, 2021, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2020 Earnings February 25, 2021, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment

February 25, 2021 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashbrook Marketplace LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Cranberry Square LLC Cranberry Square Subsidiary LLC Kentlands

February 10, 2021 SC 13G/A

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)*

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer: Saul Centers Inc. Title of Class of Securities: REIT CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 31, 2020 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d

December 10, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated December 10, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers Declares Quarterly Dividends and Provides Business Updates December 10, 2020, Bethesda, MD. For Immediate Release BETHESDA, MARYLAND–Saul Cen

December 10, 2020 8-K

Financial Statements and Exhibits, Other Events - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 10, 2020 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

December 3, 2020 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 1, 2020 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

November 5, 2020 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2020 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2020 2019 2018 2017 2016 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,572 2018 (2019) 13.7 100 % N/A N/A N/A N/A Lidl, Plane

November 5, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-09302020xex991.htm EX-99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated November 5, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2020 Earnings November 5, 2020, Bethesda, MD. Saul Centers, Inc. (NYSE: B

November 5, 2020 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numb

November 5, 2020 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 5, 2020 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

September 17, 2020 8-K

Financial Statements and Exhibits, Other Events - 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 17, 2020 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission Fil

September 17, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-09172020xex991.htm EX-99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated September 17, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers Declares Quarterly Dividends and Provides Business Updates September 17, 2020, Bethesda, MD. For Im

August 6, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated August 6, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2020 Earnings August 6, 2020, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust

August 6, 2020 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

August 6, 2020 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 6, 2020 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

August 6, 2020 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2020 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2020 2019 2018 2017 2016 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,572 2018 (2019) 13.7 100 % N/A N/A N/A N/A Lidl, Planet Fitness,

June 29, 2020 CORRESP

-

SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814 (301) 986-6200 June 29, 2020 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, DC 20549 Attention: Stacie Gorman Re: Request for Acceleration of Effectiveness of Registration Statement on Form S-3 (File No. 333-239358) Ladies and Gentlemen: Saul Ce

June 22, 2020 S-3

- S-3

As filed with the Securities and Exchange Commission on June 22, 2020 Registration No.

June 19, 2020 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 19, 2020 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

June 19, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-06192020xex991.htm EXHIBIT 99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated June 19, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers Declares Quarterly Dividends and Provides Business Updates June 19, 2020, Bethesda, MD. For Immedia

May 6, 2020 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2020 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2020 2019 2018 2017 2016 Anchor / Significant Tenants Shopping Centers Ashbrook Marketplace Ashburn, VA 85,572 2018 (2019) 13.7 100 % N/A N/A N/A N/A Lidl, Planet Fitnes

May 6, 2020 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1

May 6, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated May 6, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2020 Earnings May 6, 2020, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"

May 6, 2020 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 6, 2020 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Number

April 28, 2020 EX-24

EX-24

POWER OF ATTORNEY KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints Scott V Schneider, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer of Saul Centers, Inc.

April 28, 2020 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 24, 2020 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Num

April 8, 2020 DEFA14A

BFS / Saul Centers, Inc. DEFA14A - - DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confidential, for Use of the Commission Only (

March 13, 2020 DEF 14A

BFS / Saul Centers, Inc. DEF 14A - - DEF 14A

DEF 14A 1 bfs-12312019def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confi

February 27, 2020 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Cranberry Square LLC Cranberry Square Subsidiary LLC Kentlands 311 LLC Kentlands Lot 1,

February 27, 2020 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated February 27, 2020, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2019 Earnings February 27, 2020, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment

February 27, 2020 EX-10.W

Contribution Agreement, dated as of November 5, 2019, by and between Saul Holdings Limited Partnership and 1592 Rockville Pike LLC filed as Exhibit 10(u) of the December 31, 2020 Annual Report of the Company is hereby incorporated by reference.

EX-10.W 3 bfs-12312019xexhibit10w.htm EXHIBIT 10.W Exhibit 10.(w) SAUL HOLDINGS LIMITED PARTNERSHIP CONTRIBUTION AGREEMENT TWINBROOK QUARTER Dated: November 5, 2019 Exhibit 10.(w) TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS 4 ARTICLE 2 EXCHANGE VALUE 8 ARTICLE 3 NO STUDY PERIOD 9 ARTICLE 4 TITLE 9 ARTICLE 5 REPRESENTATIONS AND WARRANTIES 10 ARTICLE 6 COVENANTS AND ADDITIONAL OBLIGATIONS OF OWNER

February 27, 2020 10-K

Annual Report - 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-12254 SA

February 27, 2020 EX-4.H

Description of Registrant's Securities, filed as Exhibit 4.(h) of the 2019 Annual Report of the Company on Form 10-K is hereby incorporated by reference.

Exhibit 4.(h) Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 The following description sets forth certain material terms and provisions of our securities that are registered under Section 12 of the Securities Exchange Act of 1934. This description also contains summaries of relevant portions of the laws of the State of Maryland,

February 27, 2020 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 27, 2020 Saul Centers Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 12, 2020 SC 13G/A

BFS / Saul Centers, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01424-saulcentersinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer: Saul Centers Inc Title of Class of Securities: REIT CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 31, 2019 Check the appropriate box to designate the rule

November 26, 2019 SC 13D/A

BFS / Saul Centers, Inc. / Saul Centers Inc - SC 13D/A Activist Investment

SC 13D/A 1 bfs-11262019xschedule13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. 39)* SAUL CENTERS INC. (Name of Issuer) Common Stock, $.01 par value per share (Title of Class of Securities) 804395 10 1 (CUSIP Number) Dan Goldstein 7501 Wisconsin Avenue, Suite 1500 Bethes

November 7, 2019 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-09302019xex991.htm EXHIBIT 99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated November 7, 2019, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2019 Earnings November 7, 2019, Bethesda, MD. Saul Centers, Inc. (NY

November 7, 2019 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 7, 2019 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File N

November 7, 2019 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numb

November 7, 2019 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2019 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2019 2018 2017 2016 2015 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,596 1994-2006 26.4 97 % 99 % 93 % 91 % 95 % Giant Food, Ha

October 17, 2019 EX-99.25

EX-99.25

NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on October 28, 2019, pursuant to the provisions of Rule 12d2-2 (a).

October 2, 2019 8-K/A

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 31, 2019 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

September 17, 2019 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Material Modification to Rights of Security Holders, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 12, 2019 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

September 17, 2019 EX-10.1

The Sixteenth Amendment to the First Amended and Restated Agreement of Limited Partnership of the Saul Holdings Limited Partnership, filed as Exhibit 10.1 of the Current Report of the Company on Form 8-K dated September 17, 2019, is hereby incorporated by reference.

EX-10.1 Exhibit 10.1 SIXTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP THIS SIXTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP (this “Sixteenth Amendment”), dated as of September 17, 2019, is entered into by the undersigned party. W I T N E S S E T H: W

September 17, 2019 EX-1.1

Underwriting Agreement, dated September 10, 2019, by and among the Registrant, the Operating Partnership and the underwriters party thereto.

EX-1.1 Exhibit 1.1 SAUL CENTERS, INC. 4,000,000 Depositary Shares Each Representing 1/100th of a share of 6.000% Series E Cumulative Redeemable Preferred Stock (Par Value $0.01 Per Share) (Liquidation Preference Equivalent to $25.00 Per Depositary Share) UNDERWRITING AGREEMENT September 10, 2019 Raymond James & Associates, Inc. Stifel, Nicolaus & Company, Incorporated c/o Raymond James & Associate

September 17, 2019 EX-3.2

Articles Supplementary to First Amended and Restated Articles of Incorporation of the Company, dated September 12, 2019, filed as Exhibit 3.2 of the Company’s Registration Statement on Form 8-A filed September 17, 2019 is hereby incorporated by reference.

EX-3.2 Exhibit 3.2 SAUL CENTERS, INC. ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF 6.000% SERIES E CUMULATIVE REDEEMABLE PREFERRED STOCK Pursuant to Section 2-208(b) of the Maryland General Corporation Law Saul Centers, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of the State of Maryland that

September 17, 2019 8-A12B

BFS / Saul Centers, Inc. 8-A12B - - 8-A12B

8-A12B 1 d804583d8a12b.htm 8-A12B UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State of incorporation or organization) (IRS Employer Identificati

September 17, 2019 EX-4.1

Deposit Agreement, dated September 17, 2019, among the Company, Continental Stock Transfer & Trust Company, as Depositary, and the holders of depositary receipts, filed as Exhibit 4.1 of the Registrant’s Registration Statement on Form 8-A filed September 17, 2019 is hereby incorporated by reference.

EX-4.1 Exhibit 4.1 DEPOSIT AGREEMENT This DEPOSIT AGREEMENT is made and entered into as of September 17, 2019 by and among Saul Centers, Inc., a Maryland corporation (the “Company”), Continental Stock Transfer & Trust Company, as Depositary, and all holders from time to time of Receipts (as hereinafter defined) issued hereunder. WITNESSETH: WHEREAS, it is desired to provide, as hereinafter set for

September 17, 2019 EX-4.2

Specimen certificate representing the 6.000% Series E Cumulative Redeemable Preferred Stock, par value $0.01 per share, of the Company, filed as Exhibit 4.2 of the Company’s Registration Statement on Form 8-A filed September 17, 2019 is hereby incorporated by reference.

EX-4.2 4 d804583dex42.htm EX-4.2 Exhibit 4.2 Incorporated Under the Laws of the State of Maryland 6.000% SERIES E CUMULATIVE REDEEMABLE PREFERRED STOCK 6.000% SERIES E CUMULATIVE REDEEMABLE PREFERRED STOCK CUSIP 804395 879 SUBJECT TO TRANSFER RESTRICTIONS - SEE LEGEND ON REVERSE - SEE REVERSE FOR CERTAIN DEFINITIONS Saul Centers, Inc. This Certifies that SPECIMEN is the owner of FULLY PAID AND NON

September 11, 2019 424B5

4,000,000 Depositary Shares Each Representing 1/100th of a Share of 6.000% Series E Cumulative Redeemable Preferred Stock (Liquidation Preference Equivalent to $25.00 Per Depositary Share)

424B5 Table of Contents Filed Pursuant to Rule 424(b)(5) Registration No. 333-222262 PROSPECTUS SUPPLEMENT (To prospectus dated December 22, 2017) 4,000,000 Depositary Shares Each Representing 1/100th of a Share of 6.000% Series E Cumulative Redeemable Preferred Stock (Liquidation Preference Equivalent to $25.00 Per Depositary Share) We are offering 4,000,000 depositary shares, each representing a

September 10, 2019 FWP

SAUL CENTERS, INC. 4,000,000 Depositary Shares Each Representing 1/100th of a share of 6.000% Series E Cumulative Redeemable Preferred Stock (Par Value $0.01 Per Share) (Liquidation Preference Equivalent to $25.00 Per Depositary Share) Final Term She

FWP Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration File No.

September 10, 2019 424B5

Subject to completion, dated September 10, 2019

Table of Contents Filed Pursuant to Rule 424(b)(5) Registration No. 333-222262 This prospectus supplement and the accompanying prospectus relate to an effective registration statement under the Securities Act of 1933, but this prospectus supplement is not complete and may be changed. This prospectus supplement and the accompanying prospectus are not an offer to sell these securities and they are n

August 7, 2019 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated August 7, 2019, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2019 Earnings August 7, 2019, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust

August 7, 2019 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 7, 2019 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Num

August 7, 2019 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

August 7, 2019 EX-10.1

First Amendment to Amended and Restated Shared Services Agreement effective as of January 1, 2019 , between B. F. Saul Company and Saul Centers, Inc. filed as Exhibit 10.(1) of the June 30, 2019 Quarterly Report of the Company, is hereby incorporated by reference.

Exhibit 10.1 FIRST AMENDMENT TO AMENDED AND RESTATED SHARED SERVICES AGREEMENT THIS FIRST AMENDMENT TO AMENDED AND RESTATED SHARED SERVICES AGREEMENT (the “Amendment”) effective as of the 1st day of January, 2019, is made and entered into by and between B. F. Saul Company, a corporation organized under the laws of the District of Columbia (“Saul Company”), which definition shall be deemed to inclu

August 7, 2019 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2019 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2019 2018 2017 2016 2015 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,596 1994-2006 26.4 99 % 99 % 93 % 92 % 94 % Giant Food, Hallmark, Mc

August 1, 2019 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 31, 2019 SAUL CENTERS INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

May 9, 2019 S-8

BFS / Saul Centers, Inc. S-8 S-8

File No. 333- As filed with the Securities and Exchange Commission on May 9, 2019. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identi

May 6, 2019 8-K

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 3, 2019 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

May 6, 2019 EX-99.A

Exhibit 99. (a) We have prepared a brief slide show to highlight our core portfolio operating performance, to review our capital accomplishments over the past year, and to update our on-going and future development activities. 1 Portfolio Composition

a532019sciannualsharehol Exhibit 99. (a) We have prepared a brief slide show to highlight our core portfolio operating performance, to review our capital accomplishments over the past year, and to update our on-going and future development activities. 1 Portfolio Composition (measured by Property Operating Income) 24.4% Shopping Centers 2018 – 75.6% / 2009 – 76.8% 75.6% Office/Mixed-Use 14.7% Wash

May 2, 2019 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated May 2, 2019, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2019 Earnings May 2, 2019, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"

May 2, 2019 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 2, 2019 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numbe

May 2, 2019 10-Q

Quarterly Report - 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1

May 2, 2019 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2019 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2019 2018 2017 2016 2015 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,596 1994-2006 26.4 97 % 96 % 91 % 93 % 93 % Giant Food, Hallmark C

March 25, 2019 DEF 14A

March 25, 2019

DEF 14A 1 bfs-12312018def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confi

March 19, 2019 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

8-K 1 bfs-03142019x8k.htm 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 14, 2019 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Inco

February 26, 2019 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 26, 2019 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 26, 2019 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 1500 Rockville Pike LLC 11503 Rockville Pike LLC 7316 Wisconsin LLC 750 North Glebe LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Broadlands Village LLC Burtonsville Center LLC Clarendon Center LLC Countryside Commercial Center Association, Inc. Cranberry Square LLC Cranberry Square S

February 26, 2019 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated February 26, 2019, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2018 Earnings February 26, 2019, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment

February 26, 2019 10-K

February 26, 2019

10-K 1 bfs-12312018x10k.htm 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

February 13, 2019 SC 13G/A

BFS / Saul Centers, Inc. / VANGUARD GROUP INC Passive Investment

SC 13G/A 1 saulcentersinc.htm SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10 )* Name of issuer: Saul Centers Inc Title of Class of Securities: REIT CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 31, 2018 Check the appropriate box to designate the rule pursuant to which this

November 1, 2018 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 1, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

November 1, 2018 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated November 1, 2018, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2018 Earnings November 1, 2018, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate investment tru

November 1, 2018 10-Q

BFS / Saul Centers, Inc. 10-Q (Quarterly Report)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For The Quarterly Period Ended September 30, 2018 Commission File Number 1-12254 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other jurisdiction of incor

November 1, 2018 EX-99.A

Schedule of Portfolio Properties (filed herewith).

EX-99.A 4 bfs-09302018xex99a.htm EXHIBIT 99.A Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2018 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2018 2017 2016 2015 2014 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,596 1994-200

August 3, 2018 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 3, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

August 3, 2018 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-06302018xex991.htm EXHIBIT 99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated August 3, 2018, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Second Quarter 2018 Earnings August 3, 2018, Bethesda, MD. Saul Centers, Inc. (NYSE:

August 3, 2018 10-Q

BFS / Saul Centers, Inc. 10-Q (Quarterly Report)

10-Q 1 bfs-06302018x10q.htm 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For The Quarterly Period Ended June 30, 2018 Commission File Number 1-12254 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or

August 3, 2018 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties June 30, 2018 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of June 30, (1) Property Location 2018 2017 2016 2015 2014 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,596 1994-2006 26.4 99 % 93 % 92 % 94 % 93 % Giant Food, Hallmark Car

June 26, 2018 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

8-K 1 bfs-06222018x8k.htm 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 20, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incor

May 14, 2018 8-K

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

8-K 1 bfs-05142018x8k.htm 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 9, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorpo

May 14, 2018 EX-10.1

The Fifteenth Amendment to the First Amended and Restated Agreement of Limited Partnership of the Saul Holdings Limited Partnership, filed as Exhibit 10.1 of the Current Report of the Company on Form 8-K dated May 14, 2018, is hereby incorporated by reference.

EX-10.1 2 bfs-05142018xexhibit101.htm EXHIBIT 10.1 Exhibit 10.1 FIFTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP THIS FIFTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP (this “Amendment”), dated as of May 9, 2018, is entered into by the undersigned par

May 14, 2018 8-K

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 11, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Numb

May 14, 2018 EX-99.A

Exhibit 99.(a) We have prepared a brief slide show to review the company’s recent significant capital markets transactions, on‐going and future development activity, and to highlight our core portfolio operating performance and the resulting returns

a2018annualmeetingofstoc Exhibit 99.(a) We have prepared a brief slide show to review the company’s recent significant capital markets transactions, on‐going and future development activity, and to highlight our core portfolio operating performance and the resulting returns delivered to shareholders over our 25 years as a public REIT. 1 2 We completed 2 significant capital transactions in January

May 3, 2018 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-03312018xex991.htm EXHIBIT 99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated May 3, 2018, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports First Quarter 2018 Earnings May 3, 2018, Bethesda, MD. Saul Centers, Inc. (NYSE: BFS),

May 3, 2018 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

8-K 1 bfs-03312018x8k.htm 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 3, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorpo

May 3, 2018 10-Q

BFS / Saul Centers, Inc. 10-Q (Quarterly Report)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For The Quarterly Period Ended March 31, 2018 Commission File Number 1-12254 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other jurisdiction of incorpora

May 3, 2018 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties March 31, 2018 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of March 31, (1) Property Location 2018 2017 2016 2015 2014 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,585 1994-2006 26.4 96 % 91 % 93 % 93 % 93 % Giant Food, Hallmark C

March 23, 2018 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 23, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Nu

March 23, 2018 DEF 14A

BFS / Saul Centers, Inc. DEF 14A

DEF 14A 1 bfs-12312017def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement. ¨ Confi

March 9, 2018 8-K

Financial Statements and Exhibits, Changes in Registrant's Certifying Accountant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 5, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File Num

March 9, 2018 EX-16.1

Letter of Ernst & Young LLP dated March 9, 2018.

Exhibit 16.1 March 9, 2018 Securities and Exchange Commission 100 F Street, N.E. Washington, DC 20549 Ladies and Gentlemen: We have read Item 4.01of Form 8-K dated March 9, 2018, of Saul Centers, Inc. and are in agreement with the statements contained in the second, third and fourth paragraphs on page one therein. We have no basis to agree or disagree with other statements of the registrant contai

February 27, 2018 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 27, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commission File

February 27, 2018 EX-99.1

Section 2: EX-99.1 (EX-99.1)

EX-99.1 2 bfs-12312017x8kxexhibit991.htm EXHIBIT 99.1 EXHIBIT INDEX Exhibit Description No. 99.1 Press Release, dated February 27, 2018, of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Fourth Quarter 2017 Earnings February 27, 2018, Bethesda, MD. Saul Center

February 27, 2018 EX-21

Subsidiaries of Saul Centers, Inc. is filed herewith.

Exhibit 21 SUBSIDIARIES OF SAUL CENTERS, INC. 1500 Rockville Pike LLC 11503 Rockville Pike LLC 750 North Glebe LLC Ashburn Village Center LLC Avenel Business Park LLC Avenel VI, Inc. Beacon Center LLC Briggs Chaney Plaza, LLC Burtonsville Center LLC Clarendon Center LLC Countryside Commercial Center Association, Inc. Cranberry Square LLC Cranberry Square Subsidiary LLC Kentlands 311 LLC Kentlands

February 27, 2018 EX-10.Q

Amended and Restated Shared Services Agreement dated as of January 1, 2018, between B. F. Saul Company and Saul Centers, Inc., filed as Exhibit 10.(s) of the 2017 Annual Report of the Company on Form 10-K is hereby incorporated by reference.

EX-10.Q 2 bfs-12312017xexhibit10q.htm EXHIBIT 10.Q Exhibit 10.(q) AMENDED AND RESTATED SHARED SERVICES AGREEMENT This AMENDED AND RESTATED SHARED SERVICES AGREEMENT (this “Agreement”), executed as of December 8, 2017, but effective as of January 1, 2018, is between B. F. Saul Company, a corporation organized under the laws of the District of Columbia (“Saul Company,” which definition shall be deem

February 27, 2018 10-K

BFS / Saul Centers, Inc. 10-K (Annual Report)

10-K 1 bfs-12312017x10k.htm 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2017 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

February 12, 2018 SC 13G/A

BFS / Saul Centers, Inc. / VANGUARD GROUP INC Passive Investment

saulcentersinc.htm - Generated by SEC Publisher for SEC Filing SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9 )* Name of issuer: Saul Centers Inc Title of Class of Securities: REIT CUSIP Number: 804395101 Date of Event Which Requires Filing of this Statement: December 31, 2017 Check the appropriate box to designate

January 29, 2018 8-K

Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

8-K 1 d467825d8k.htm 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 26, 2018 Saul Centers, Inc. (Exact name of registrant as specified in its charter) Maryland 1-12254 52-1833074 (State or Other Jurisdiction of Incorporation) (Commi

January 29, 2018 EX-10.2

Guaranty dated January 26, 2018, by and between: Saul Centers, Inc.; Saul Subsidiary I Limited Partnership; Saul Subsidiary II Limited Partnership; Briggs Chaney Plaza, LLC; Kentlands Lot 1, LLC; 11503 Rockville Pike LLC; Rockville Pike Holdings LLC; 1500 Rockville Pike LLC; Smallwood Village Center LLC; Westview Village Center LLC; Avenel VI, Inc.; Metro Pike Center LLC; and Washington Square Center, LLC, as Guarantors; in favor of Wells Fargo Bank, National Association, as Administrative Agent for the lenders from time to time party to that certain Credit Agreement dated January 26, 2018 and filed as Exhibit 10.2 of the Current Report of the Company on Form 8 K dated January 26, 2018, is hereby incorporated by reference.

Exhibit 10.2 EXECUTION VERSION GUARANTY THIS GUARANTY dated as of January 26, 2018 (the ?Guaranty?) executed and delivered by each of the undersigned and the other Persons from time to time party hereto pursuant to the execution and delivery of an Accession Agreement in the form of Annex I hereto (all of the undersigned, together with such other Persons, each a ?Guarantor? and collectively, the ?G

January 29, 2018 EX-10.1

Credit Agreement dated January 26, 2018, by and among: the Saul Holdings Limited Partnership, as Borrower; Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent; Capital One, National Association (“Capital One”), as Syndication Agent; TD Bank, N.A. (“TD Bank”) and U.S. Bank National Association (“U.S. Bank”), as Documentation Agents; and Wells Fargo, Capital One, TD Bank, U.S. Bank, Regions Bank and Associated Bank, National Association (“Associated Bank”), as Lenders (the “Agreement”) and filed as Exhibit 10.1 of the Current Report of the Company on Form 8‑K dated January 26, 2018, is hereby incorporated by reference.

Exhibit 10.1 EXECUTION VERSION Revolving Credit Loan No. 1005595 Term Loan No. 1005595 CREDIT AGREEMENT Dated as of January 26, 2018 by and among SAUL HOLDINGS LIMITED PARTNERSHIP, as Borrower, THE FINANCIAL INSTITUTIONS PARTY HERETO AND THEIR ASSIGNEES UNDER SECTION 13.6., as Lenders, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, CAPITAL ONE, NATIONAL ASSOCIATION, as Syndicatio

January 24, 2018 EX-1.1

Underwriting Agreement, dated January 16, 2018, by and among the Registrant, the Operating Partnership and the underwriters party thereto.

EX-1.1 Exhibit 1.1 EXECUTION VERSION SAUL CENTERS, INC. 3,000,000 Depositary Shares Each Representing 1/100th of a share of 6.125% Series D Cumulative Redeemable Preferred Stock (Par Value $0.01 Per Share) (Liquidation Preference Equivalent to $25.00 Per Depositary Share) UNDERWRITING AGREEMENT January 16, 2018 Raymond James & Associates, Inc. RBC Capital Markets, LLC Stifel, Nicolaus & Company, I

January 24, 2018 EX-10.1

The Fourteenth Amendment to the First Amended and Restated Agreement of Limited Partnership of the Saul Holdings Limited Partnership, filed as Exhibit 10.1 of the Current Report of the Company on Form 8-K dated January 23, 2018, is hereby incorporated by reference.

EX-10.1 Exhibit 10.1 FOURTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP THIS FOURTEENTH AMENDMENT TO THE FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL HOLDINGS LIMITED PARTNERSHIP (this ?Fourteenth Amendment?), dated as of January 23, 2018, is entered into by the undersigned party. W I T N E S S E T H:

January 24, 2018 8-K

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 19, 2018 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 001-12254 52-1833074 (State or other jurisdiction of incorporation) (Commission Fil

January 24, 2018 EX-24

EX-24

POWER OF ATTORNEY KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints Scott V Schneider, the undersigned?s true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned?s capacity as an officer of Saul Centers, Inc.

January 24, 2018 EX-24

EX-24

POWER OF ATTORNEY KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints Scott V Schneider, the undersigned?s true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned?s capacity as an officer of Saul Centers, Inc.

January 24, 2018 EX-24

EX-24

POWER OF ATTORNEY KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints Scott V Schneider, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer of Saul Centers, Inc.

January 23, 2018 EX-4.4

Specimen certificate representing the 6.125% Series D Cumulative Redeemable Preferred Stock, par value $0.01 per share, of the Company, filed as Exhibit 4.4 of the Company’s Registration Statement on Form 8-A filed January 23, 2018 is hereby incorporated by reference.

EX-4.4 4 d529654dex44.htm EX-4.4 Exhibit 4.4 Incorporated Under the Laws of the State of Maryland 6.125% SERIES D CUMULATIVE REDEEMABLE PREFERRED STOCK 6.125% SERIES D CUMULATIVE REDEEMABLE PREFERRED STOCK CUSIP 804395 887 SUBJECT TO TRANSFER RESTRICTIONS - SEE LEGEND ON REVERSE - SEE REVERSE FOR CERTAIN DEFINITIONS Saul Centers, Inc. This Certifies that SPECIMEN is the owner of FULLY PAID AND NON

January 23, 2018 8-A12B

January 23, 2018

8-A12B UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State of incorporation or organization) (IRS Employer Identification No.) 7501 Wisconsin Aven

January 23, 2018 EX-4.2

Deposit Agreement, dated January 23, 2018, among the Company, Continental Stock Transfer & Trust Company, as Depositary, and the holders of depositary receipts, filed as Exhibit 4.2 of the Registrant’s Registration Statement on Form 8-A filed January 23, 2018 is hereby incorporated by reference.

EX-4.2 Exhibit 4.2 DEPOSIT AGREEMENT This DEPOSIT AGREEMENT is made and entered into as of January 23, 2018 by and among Saul Centers, Inc., a Maryland corporation (the ?Company?), Continental Stock Transfer & Trust Company, as Depositary, and all holders from time to time of Receipts (as hereinafter defined) issued hereunder. WITNESSETH: WHEREAS, it is desired to provide, as hereinafter set forth

January 23, 2018 EX-3.3

Articles Supplementary to First Amended and Restated Articles of Incorporation of the Company, dated January 19, 2018, filed as Exhibit 3.3 of the Company’s Registration Statement on Form 8-A filed January 23, 2018 is hereby incorporated by reference.

EX-3.3 2 d529654dex33.htm EX-3.3 Exhibit 3.3 SAUL CENTERS, INC. ARTICLES SUPPLEMENTARY ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF 6.125% SERIES D CUMULATIVE REDEEMABLE PREFERRED STOCK Pursuant to Section 2-208(b) of the Maryland General Corporation Law Saul Centers, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of

January 18, 2018 424B5

3,000,000 Depositary Shares Each Representing 1/100th of a Share of 6.125% Series D Cumulative Redeemable Preferred Stock (Liquidation Preference Equivalent to $25.00 Per Depositary Share)

Table of Contents Filed Pursuant to Rule 424(b)(5) Registration No. 333-222262 PROSPECTUS SUPPLEMENT (To prospectus dated December 22, 2017) 3,000,000 Depositary Shares Each Representing 1/100th of a Share of 6.125% Series D Cumulative Redeemable Preferred Stock (Liquidation Preference Equivalent to $25.00 Per Depositary Share) We are offering 3,000,000 depositary shares, each representing a 1/100

January 16, 2018 FWP

SAUL CENTERS, INC. 3,000,000 Depositary Shares Each Representing 1/100th of a share of 6.125% Series D Cumulative Redeemable Preferred Stock (Par Value $0.01 Per Share) (Liquidation Preference Equivalent to $25.00 Per Depositary Share) Final Term She

FREE WRITING PROSPECTUS Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration File No.

January 16, 2018 424B5

Subject to completion, dated January 16, 2018

424B5 Table of Contents This prospectus supplement and the accompanying prospectus relate to an effective registration statement under the Securities Act of 1933, but this prospectus supplement is not complete and may be changed.

December 22, 2017 S-3ASR

BFS / Saul Centers, Inc. S-3ASR

Table of Contents As filed with the Securities and Exchange Commission on December 22, 2017 Registration No.

December 22, 2017 EX-12.1

Statement Regarding Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

EX-12.1 Exhibit 12.1 Earnings to Fixed Charges (In thousands, except ratios) Nine Months Ended Years Ended December 31, 9/30/2017 2016 2015 2014 2013 2012 Ratio of Earnings to Fixed Charges Total revenue $ 170,610 $ 217,070 $ 209,077 $ 207,092 $ 197,897 $ 190,092 Operating expenses 124,428 161,357 156,147 155,163 162,628 154,996 Operating income 46,182 55,713 52,930 51,929 35,269 35,096 Non-Operat

November 2, 2017 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

Document Section 1: 8-K (FORM 8-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

November 2, 2017 EX-99.1

Section 2: EX-99.1 (EX-99.1)

Exhibit EXHIBIT INDEX Exhibit Description No . 99.1 Press Release, dated November 2, 2017 , of Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) Exhibit 99.1 SAUL CENTERS, INC. 7501 Wisconsin Avenue, Suite 1500, Bethesda, Maryland 20814-6522 (301) 986-6200 Saul Centers, Inc. Reports Third Quarter 2017 Earnings November 2, 2017 , Bethesda, MD. Saul Centers, Inc. (NYSE: BFS), an equity real estate inv

November 2, 2017 EX-99.A

Schedule of Portfolio Properties (filed herewith).

Exhibit 99 (a) Saul Centers, Inc. Schedule of Current Portfolio Properties September 30, 2017 Leasable Area (Square Feet) Year Acquired or Developed (Renovated) Land Area (Acres) Percentage Leased as of September 30, (1) Property Location 2017 2016 2015 2014 2013 Anchor / Significant Tenants Shopping Centers Ashburn Village Ashburn, VA 221,585 1994-2006 26.4 93 % 91 % 95 % 94 % 93 % Giant Food, Ha

November 2, 2017 10-Q

November 2, 2017

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For The Quarterly Period Ended September 30, 2017 Commission File Number 1-12254 SAUL CENTERS, INC. (Exact name of registrant as specified in its charter) Maryland 52-1833074 (State or other jurisdiction of incor

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