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    Saul Centers Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 64,023 4.2
    Net Income 5,851 (8.0)
    Rank Last Year: 79

    Description:
    Saul Centers Inc., a real estate investment trust, owns and operates shopping centers and office developments, mostly in the Washington area.

    Business Resume:
    • Contact Info --
      8401 Connecticut Ave.
      Chevy Chase, Md. 20815
      301-986-6000
    • Main Business --
      Real estate investment trust
    • Founded --
      1993
    • Chairperson --
      B. Francis Saul II (CEO)
    • President --
      Philip D. Caraci
    • Employees --
      115
    • D.C.-Area Employees --
      100
    Developments:
    Some Wall Street analysts stopped recommending Saul Centers last year as profits declined 8 percent and revenue barely increased. The company's problem was pretty simpleórental income was stagnant because the REIT did not expand aggressively.

    Saul Centers continued to renovate and expand its biggest shopping center, Seven Corners in Falls Church. The company has gutted the mall and reoriented the stores so that time-pressed shoppers can enter each store directly from the parking lot.

    © Copyright 1997 The Washington Post

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