Saul Centers, Inc. (NYSE: BFS) is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 61 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leaseable area and (b) four land and development properties.. Approximately 86 percent of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, D.C./Baltimore area.