Saul Centers, Inc.·Real Estate
Saul Centers, Inc. 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 leasable area and (b) three land and development properties. Approximately 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.
Real Estate
REIT - Retail
141
1993-08-19
0.90

BFS HIGHLIGHTS Base-case NPV of approximately US$670 million (and US$829 at 105% production) IRR of 20.2% at 100% production (and 23.1% at 105% production) significantly exceeding the Project's estimated WACC of 4.6%, indicating substantial value creation above the cost of funding After startup in 2028, indicative gross margin of approximately 50% at projected 2030 domestic pricing After startup in 2028, estimated specific operating costs of approximately US$520.2 per tonne by 2030 and US$581.2 per tonne in 2033, compared to projected domestic selling prices of approximately US$1,033 per tonne and US$1,196 per tonne, respectively Plant designed to reach full run-rate solar glass production of approximately 288,300 tonnes per annum from Year 5 of operations (SORG furnaces are designed to operate at up to 10% above their nominal capacity) Estimated payback period of approximately 7.6 years Estimated total initial CAPEX of approximately US$396.5 million, net of VAT and other local taxes Estimated annual revenue of US$ 294.3 million and OPEX of approximately US$143.3 million in 2030, and approximately US$ 344.9 / US$167.6 million in 2033 after ramp-up The glass furnace is designed for a 15-year operating campaign, with depreciation modeled conservatively over 20 years Project start contemplated in November 2026 subject to financing and advancement of detailed engineering and approvals Strategic location in Belmonte, Bahia, neighbouring Homerun's commanded low-iron silica sand mine and offering room for a potential second production line which market projections indicate as very likely to be required in the medium term The BFS projects 474 direct employees - 7 managers and 467 engineers and technical staff The plant design incorporates an on-site photovoltaic power system, reducing grid dependency and supporting the Company's lower-carbon production mandate No current solar pattern glass manufacturer identified in the Americas in the BFS, supporting a potential first-mover advantage for Homerun Project site video available here: VIDEO Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company"), a vertically integrated materials company advancing the Company's high-purity silica resources located in Belmonte, Bahia, Brazil, is pleased to announce the results of its Bankable Feasibility Study (the "BFS") for the Company's Solar Glass Manufacturing Plant to be located in Belmonte, Bahia, Brazil, adjacent to Homerun's low-iron silica sand resources. The BFS positively confirms that the Solar Glass Manufacturing Plant is technically and economically feasible and outlines a large-scale, antimony-free solar glass manufacturing operation designed to supply both Brazil's fast-growing solar sector and selected export markets.

BETHESDA, Md., May 7, 2026 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company"), an equity real estate investment trust ("REIT"), announced operating results for the quarter ended March 31, 2026 ("2026 Quarter").

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The S&P 600 Small Cap index offers exposure to quality small-cap stocks with earnings requirements, providing growth potential and less analyst coverage. Eight S&P 600 small-cap dividend stocks meet the 'IDEAL' criteria: dividends from $1K invested exceed share price and free cash flow supports payouts. Top ten S&P 600 small-cap dividend dogs are projected to deliver an average 64.97% net gain by April 2027, with above-market volatility.

High-yield 'mousetrap' REITs consistently underperform, with significant risk of dividend cuts and capital loss, as evidenced by recent 12-month returns lagging VNQ by over 1,000 bps. Dividend Safety scores are critical; REITs rated F face a 40% chance of a cut within 12 months, often resulting in sharp share price declines. Key danger signals include high payout ratios, weak revenues, and heavy debt loads.

Shares of Saul Centers, Inc. (NYSE: BFS - Get Free Report) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $31.91 and traded as high as $33.67. Saul Centers shares last traded at $33.2330, with a volume of 74,186 shares changing hands.