Post Properties Announces Quarterly Dividends

ATLANTA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.20 per share for the third quarter of 2009. The dividend is payable on October 15, 2009 to all common stock shareholders of record as of September 30, 2009.

(David P. Stockert, top right photo, is CEO of Post Properties Inc.)

Post also announced regular quarterly dividends for its 8.5 percent Series A Cumulative Redeemable Preferred Stock and its 7 5/8 percent Series B Cumulative Redeemable Preferred Stock.

On its 8.5 percent Series A Cumulative Redeemable Preferred Stock, Post declared a regular quarterly dividend of $1.0625 per share for the third quarter. The dividend is payable on September 30, 2009 to all Series A preferred stock shareholders of record as of September 15, 2009.

On its 7 5/8 percent Series B Cumulative Redeemable Preferred Stock, Post declared a regular quarterly dividend of $0.47656 per share for the third quarter. The dividend is payable on September 30, 2009 to all Series B preferred stock shareholders of record as of September 15, 2009.

Contact:  Dave Stockert, 404-846-5000