Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.39 per share on its common stock, to be paid July 31, 2009 to holders of record on July 17, 2009. The amount of the quarterly common dividend payable is unchanged from the amount paid in the previous quarter and a decrease of $0.08 per share (17.0%) compared to the prior year's comparable quarter.

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 52 operating community and neighborhood shopping center and office properties totaling approximately 8.4 million square feet of leasable area. Over 80% 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.