ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today net income available to common shareholders of $7.9 million, or $0.15 per diluted share, for the third quarter of 2011, compared to $21.7 million, or $0.44 per diluted share, for the third quarter of 2010.
Net income available to common shareholders for the nine months ended September 30, 2011, was $16.3 million, or $0.32 per diluted share, compared to a net loss of $16.9 million, or a net loss of $0.35 per diluted share, for the nine months ended September 30, 2010.
The Company’s net income available to common shareholders for the nine months ended September 30, 2011 included a $0.4 million gain on the sale of a technology investment and $1.8 million of costs associated with the Company’s redemption of its Series B preferred stock.
For a complete copy of the company’s news release and statistics, please contact:
Post Properties, Inc.
Chris Papa, 404-846-5028
Or view this news release online at:
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