Post Properties Announces Third Quarter 2009 Earnings

ATLANTA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced  net income available to common shareholders of $50.2 million for the third quarter of 2009, compared to net income available to common shareholders of $25.2 million for the third quarter of 2008. On a diluted per share basis, net income available to common shareholders was $1.13 for the third quarter of 2009, compared to $0.57 for the third quarter of 2008.

The Company reported a net loss attributable to common shareholders of $0.1 million for the nine months ended September 30, 2009, compared to a net loss attributable to common shareholders of $1.0 million for the nine months ended September 30, 2008. On a diluted per share basis, the net loss attributable to common shareholders was less than $0.01 for the nine months ended September 30, 2009, compared to $0.02 for the nine months ended September 30, 2008.

For a complete copy of the company's release and financials, please contact Chris Papa, 404-846-5028