Saul CentersBFS +0.82%77 Operating Margin % is 40.50% as of Mar. 2026, which is 11% below its 10-year median of 45.52. GuruFocus rates BFS with a GF Score™ of 77/100 and a GF Value™ of $41.81 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 750 REITs companies, Saul Centers ranks worse than 65.6% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Saul Centers's Operating Income for the
three
months ended in Mar. 2026 was $31.7 Mil. Saul Centers's Revenue for the
three
months ended in Mar. 2026 was $78.3 Mil. Therefore, Saul Centers's Operating Margin % for the quarter that ended in Mar. 2026 was 40.50%.
The historical rank and industry rank for Saul Centers's Operating Margin % or its related term are showing as below:
BFS'
s Operating Margin % Range Over the Past 10 Years
Min: 41.1 Med: 45.52 Max: 47.61
Current: 41.1
BFS's Operating Margin % is ranked worse than 65.6% of 750
companies
in the REITs industry
Industry Median: 52.67
vs BFS: 41.10
Saul Centers's 5-Year Average Operating Margin % Growth Rate was -0.40% per year.
Saul Centers's Operating Income for the
three
months ended in Mar. 2026 was $31.7 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $121.7 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Saul Centers Operating Margin % Related Terms
Saul Centers Operating Margin % Historical Data
* Premium members only.
The historical data trend for Saul Centers's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BFS vs WSR, ALX, PINE: Operating Margin % Comparison
For the REIT - Retail subindustry, Saul Centers's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Saul Centers Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Saul Centers's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Saul Centers's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Saul Centers's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Saul Centers (BFS) has a Operating Margin % of 40.50% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Saul Centers and its competitors. This is 11% below median its historical median of 45.52. Over the past decade, Saul Centers' Operating Margin % has ranged from 41.10 to 47.61. According to the industry distribution chart, Saul Centers ranks #492 out of 750 companies in the REITs industry, placing it in the top 65.6%.
Is Saul Centers' Operating Margin % too high?
Saul Centers' current Operating Margin % of 40.50% is 11% below median its 10-year median of 45.52. Over the past 10 years, this metric has ranged from a low of 41.10 to a high of 47.61. The REITs industry median Operating Margin % is 52.67. Saul Centers' value of 40.50% is 23.1% below this industry median. Based on the distribution chart, Saul Centers ranks #492 out of 750 companies in the REITs industry, which is below the industry midpoint. Overall, Saul Centers has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' Operating Margin % compare to WSR and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #492 out of 750 companies for Operating Margin %. This places Saul Centers in the lower half of its industry. The industry median Operating Margin % is 52.67. Saul Centers' value of 40.50% is 23.1% below this benchmark. Historically, Saul Centers' own Operating Margin % has ranged from 41.10 to 47.61 over the past decade. While the company's 10-year median is 45.52 vs. the industry median of 52.67, Saul Centers has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.67, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saul Centers's current Operating Margin % of 40.50% is 23.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Saul Centers and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current Operating Margin % is 40.50%, which is 11% below median its own 10-year median of 45.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.81, compared to a current price of $37.07 — trading 11.3% below its estimated fair value. The current Operating Margin % is 40.50%, which is 11% below median its 10-year median of 45.52 and 23.1% below the REITs industry median of 52.67. Saul Centers' overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Saul Centers (BFS), the current Operating Margin % is 40.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Saul Centers (BFS) Overvalued in 2026?
Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued.
The current stock price of $37.07 is trading 11.3% below its estimated GF Value™ of $41.81.
GuruFocus considers Saul Centers to be Modestly Undervalued.
Key valuation signals for BFS:
Operating Margin %: 40.50% (11% below median its 10-year median of 45.52)
GF Value™: $41.81 vs. price of $37.07 (11.3% below fair value)
Industry Position: 23.1% below the REITs median (#492 of 750)
No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
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