BETHESDA, Md., Jan. 14, 2016 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2015 dividends. The Company declared and paid four quarterly dividends totaling $1.69 per share of Common Stock during 2015. For tax purposes, 100.0% of the dividends ($1.69 per common share) are characterized as ordinary income. The information will be reported to shareholders on Form 1099-DIV.
The Company declared and paid four dividends totaling $1.71875 per depositary share on its 6.875% Series C Preferred Stock during 2015. For tax purposes, 100.0% of the Preferred Stock dividends are characterized as ordinary income. The information will be reported to shareholders on Form 1099-DIV.
Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 59 properties which includes (a) 56 community and neighborhood shopping centers and mixed-use properties with approximately 9.3 million square feet of leasable area and (b) 3 land and development properties. Approximately 85% of the Company's property operating income is generated from properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul Centers, Inc. is available on the Company's website at www.SaulCenters.com.
SOURCE Saul Centers, Inc.