#United States #dividends #REIT #Bethesda, Maryland #Saul Centers

Saul Centers, Inc. Unveils Tax Treatment for Upcoming 2024 Dividends

Saul Centers, Inc., a well-known equity real estate investment trust (REIT) based in Bethesda, Maryland, has recently published important information regarding the income tax implications for its shareholders concerning the dividends declared in 2024. This announcement has significant relevance for investors looking to understand how their dividends will be taxed in the upcoming year.

In total, Saul Centers declared and paid four quarterly dividends on its Common Stock in 2024, amounting to $2.36 per common share. The company has categorized these dividends for tax purposes in a specific manner: a substantial 71.66% of the total dividends, equating to $1.69 per common share, will be considered as ordinary income. The remaining 28.34% of the dividends, or approximately $0.67 per common share, is classified as a return of capital. This information will be provided to shareholders via Form 1099-DIV, with the ordinary income portion also reported under section 199A dividends, which has specific tax advantages for certain investors.

In addition to the Common Stock dividends, Saul Centers, Inc. also issued dividends on its preferred stock throughout 2024. The company declared four dividends on its 6.125% Series D Preferred Stock totaling $1.53125 per depositary share, as well as four dividends on its 6.000% Series E Preferred Stock, amounting to $1.50000 per depositary share. Notably, all dividends on preferred stocks are classified entirely as ordinary income for tax purposes, and this will also be communicated to shareholders through the Form 1099-DIV.

The strategic financial planning and detailed disclosure regarding tax treatment reflect Saul Centers' commitment to transparency and accountability to its investors. With over 85% of the company's operating income derived from properties in the metropolitan Washington, DC/Baltimore area, these dividends play a crucial role in the overall financial strategy for the company.

As a self-managed and self-administered equity REIT, Saul Centers operates a diversified portfolio comprising 62 properties. This portfolio includes 58 community and neighborhood shopping centers, and mixed-use properties across approximately 10.2 million square feet of leasable area. The diversity in property types allows the company to mitigate risks and provide steady returns to its investors.

Investors interested in learning more about the overall financial health and property performance of Saul Centers, Inc. can visit their official website at www.SaulCenters.com. Here, they can find additional resources, updates, and company announcements that reflect the Australian REIT’s growth trajectory and its ongoing commitment to delivering value to its shareholders.

Overall, understanding the tax implications surrounding dividend payments can empower investors to make informed decisions about their portfolios. With this recent announcement, shareholders of Saul Centers, Inc. are better equipped to navigate the complexities of real estate investment trusts and their tax liabilities for the year ahead.