Saul Centers Declares Quarterly Dividends

                  Saul Centers Declares Quarterly Dividends

PR Newswire

BETHESDA, Md., Dec. 6, 2012

BETHESDA, Md., Dec. 6, 2012 /PRNewswire/ --Saul Centers, Inc. (NYSE: BFS) has
declared a quarterly dividend of $0.36 per share on its common stock, to be
paid January 31, 2013 to holders of record on January 17, 2013. The amount of
the quarterly common dividend payable is unchanged from the amount paid in the
previous quarter and the prior year's comparable quarter.

The Company also declared the quarterly dividends for its 8% Series A
Cumulative Redeemable Preferred Stock in the amount of $0.50 per depositary
share and 9% Series B Cumulative Redeemable Preferred Stock in the amount of
$0.5625 per depositary share. Both preferred dividends will be paid January
15, 2013 to holders of record on January 7, 2013.

Saul Centers is a self-managed, self-administered equity real estate
investment trust headquartered in Bethesda, Maryland. Saul Centers currently
operates and manages a real estate portfolio of 57 operating community and
neighborhood shopping center and office/mixed-use properties totaling
approximately 9.5 million square feet of leasable area. Over 85% of the
Company's cash flow is generated from properties in the metropolitan
Washington, DC/Baltimore area.

More information about Saul Centers is available on the Company's website at
www.saulcenters.com.

SOURCE Saul Centers, Inc.

Website: http://www.saulcenters.com
Contact: Scott V. Schneider, +1-301-986-6220