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 60 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) three land and development properties.. Approximately 85 percent of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, D.C./Baltimore area.