Saul Centers, Inc. is a real estate investment trust that owns and operates a diversified portfolio of community and neighborhood shopping centers anchored by major retailers and grocers, as well as mixed-use properties in the Washington, DC/Baltimore region that combine office, retail, and apartment components. The shopping centers are located in affluent, densely populated markets and generate revenue from long-term commercial leases, while the mixed-use properties contribute income from office and retail tenancies alongside residential apartment leasing. The company generates revenues primarily through base rent collected from both its commercial tenants and residential apartments across these property types.