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Exhibit 99.1 August 6 , 2026 , Bethesda , MD . SAUL CENTERS , INC . 7501 Wisconsin Avenue , Suite 1500E , Bethesda , Maryland 20814-6522 ( 301 ) 986-6200 Saul Centers , Inc. Reports Second Quarter 2026 Earnings Saul Centers , Inc. ( NYSE : BFS ) ( the " Company " ) , an equity real estate investment trust ( " REIT " ) , announced operating results for the quarter ended June 30 , 2026 ( " 2026 Quarter " ) . Total revenue for the 2026 Quarter increased to $ 76.8 million from $ 70.8 million for the quarter ended June 30 , 2025 ( " 2025 Quarter " ) . Net income decreased to $ 11.5 million for the 2026 Quarter from $ 14.2 million for the 2025 Quarter . During the 2026 Quarter , the Company continued to lease residential units at Hampden House . As of August 3 , 2026 , 235 of the 366 ( 64.2 % ) residential units were leased and occupied and 8,600 square feet of the 10,100 ( 85.1 % ) square feet of retail space is leased and occupied . Concurrent with the opening of Hampden House on October 1 , 2025 , interest , real estate taxes , depreciation and all other costs associated with the residential portion and the majority of the retail portion of the property began to be charged to expense , while revenue continues to grow as occupancy increases . As a result , compared to the 2025 Quarter , net income for the 2026 Quarter was adversely impacted by $ 4.0 million due to the initial operations of Hampden House , of which $ 2.9 million is related to interest expense , net and amortization of deferred debt costs . Exclusive of Hampden House , net income increased by $ 1.3 million primarily due to ( a ) higher residential base rent of $ 1.4 million and ( b ) higher commercial base rent of $ 1.2 million partially offset by ( c ) higher general and administrative costs of $ 0.4 million , ( d ) higher interest expense , net and amortization of deferred debt costs of $ 0.3 million and ( e ) higher depreciation and amortization of deferred leasing costs of $ 0.3 million . Net income available to common stockholders decreased to $ 6.0 million , or $ 0.24 per basic and diluted share , for the 2026 Quarter from $ 7.9 million , or $ 0.33 per basic and diluted share , for the 2025 Quarter . Compared to the 2025 Quarter , net income available to common stockholders for the 2026 Quarter was adversely impacted by $ 1.9 million , or $ 0.08 per basic and diluted share , due to the initial operations of Hampden House . Same property revenue increased $ 4.7 million , or 6.9 % , and same property net operating income increased $ 3.4 million , or 6.9 % , for the 2026 Quarter compared to the 2025 Quarter . Same property revenue was favorably impacted by $ 2.7 million due to the lease up of Twinbrook Quarter Phase I. Exclusive of Twinbrook Quarter Phase I , same property revenue increased $ 2.0 million primarily due to ( a ) higher commercial base rent of $ 1.3 million and ( b ) higher expense recoveries of $ 0.9 million . Same property net operating income was favorably impacted by $ 2.5 million due to the lease up of Twinbrook Quarter Phase I. Exclusive of Twinbrook Quarter Phase I , same property net operating income increased $ 0.9 million , primarily due to ( a ) higher commercial base rent of $ 1.3 million partially offset by ( b ) lower expense recoveries , net of expenses , of $ 0.4 million . Shopping Center same property net operating income for the 2026 Quarter totaled $ 36.6 million , a 3.6 % increase compared to the 2025 Quarter . Shopping Center same property net operating income increased primarily due to higher base rent of $ 1.2 million . Mixed - Use same property net operating income for the 2026 Quarter totaled $ 15.5 million , a 15.7 % increase compared to the 2025 Quarter . Mixed - Use same property net operating income increased primarily due to the lease up of Twinbrook Quarter Phase I of $ 2.5 million . Exclusive of Twinbrook Quarter Phase I , Mixed - Use same property net operating income decreased by $ 0.4 million primarily due to lower expense recoveries , net of expenses , of $ 0.3 million . One property , Hampden House , which commenced operations on October 1 , 2025 , was excluded from same property results . Reconciliations of ( a ) total revenue to same property revenue and ( b ) net income to same property net operating income are attached to this press release . www.SaulCenters.com 4