ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.22 per share for the third quarter of 2011. The dividend is payable on October 14, 2011 to all common stockholders of record as of September 30, 2011. Post also announced regular quarterly dividends on its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the third quarter of 2011. The dividend is payable on September 30, 2011 to all Series A preferred stockholders of record as of September 15, 2011.
Said David P. Stockert (top right photo) CEO and President, “We are pleased that the strength of our business supports the 10% increase in the quarterly rate of dividends to common stockholders. With today’s announcement, we expect our annual run-rate of common stock dividends to rise to $0.88 per share.”
Post Properties Announces Second Quarter 2011 Earnings
ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today net income available to common shareholders of $8.8 million, or $0.17 per diluted share, for the second quarter of 2011, compared to a net loss attributable to common shareholders of $35.5 million, or a net loss of $0.73 per diluted share, for the second quarter of 2010.
Net income available to common shareholders for the six months ended June 30, 2011, was $8.4 million compared to a net loss of $38.6 million for the six months ended June 30, 2010. On a diluted per share basis, net income available to common shareholders was $0.17 for the six months ended June 30, 2011, compared to a net loss of $0.79 for the six months ended June 30, 2010.
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