SAUL CENTERS, INC.

Saul Centers is a self-managed, self-administered equity REIT that owns and operates a diversified real estate portfolio focused on retail and mixed-use properties. The company's portfolio comprises 62 properties, including 59 community and neighborhood shopping centers with approximately 10.5 million square feet of leasable area, along with three land and development properties. The REIT generates revenue primarily through rental income from tenants occupying these retail and mixed-use spaces.

The company's operations are geographically concentrated in the Washington, DC and Baltimore metropolitan areas, with over 85% of property operating income derived from this region. This regional focus allows Saul Centers to maintain deep market knowledge and operational efficiency within its core market. The company's shopping centers and mixed-use properties serve as neighborhood and community-level retail destinations, generating revenue through long-term lease agreements with retail tenants.

Saul Centers is incorporated in Maryland and maintains its headquarters in Bethesda, Maryland. As a self-managed REIT, the company handles its own property management, leasing, and administrative functions internally rather than outsourcing to third-party operators. The organization operates with approximately 450 employees who support the company's property management, leasing, and corporate functions across its portfolio.