<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from financial
statements, schedules and other disclosure contained in Form 10-Q for the period
ended June 30, 2000 of Saul Centers, Inc. and is qualified in its entirety by
reference to such financial statements, schedules and other disclosure.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 3171
<SECURITIES> 0
<RECEIVABLES> 6475
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 379655
<DEPRECIATION> 117844
<TOTAL-ASSETS> 319202
<CURRENT-LIABILITIES> 0
<BONDS> 327236
0
0
<COMMON> 136
<OTHER-SE> (31962)
<TOTAL-LIABILITY-AND-EQUITY> 319202
<SALES> 0
<TOTAL-REVENUES> 38395
<CGS> 0
<TOTAL-COSTS> 10499
<OTHER-EXPENSES> 3194
<LOSS-PROVISION> 233
<INTEREST-EXPENSE> 11865
<INCOME-PRETAX> 10716
<INCOME-TAX> 0
<INCOME-CONTINUING> 10716
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6682
<EPS-BASIC> 0.50
<EPS-DILUTED> 0.50
</TABLE>