ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE:
PPS) announced net income available to common shareholders of $42.8
million, or $0.79 per diluted share, for the fourth quarter of 2013, compared
to $17.9 million, or $0.33 per diluted share, for the fourth quarter of 2012.
Net income available to common shareholders for the year
ended December 31, 2013, was $106.8 million, or $1.96 per diluted share,
compared to net income of $80.3 million, or $1.48 per diluted share, for the
year ended December 31, 2012.
The Company’s net income available to common shareholders
for the three months and year ended December 31, 2013 included a gain of $28.4
million, or $0.52 per diluted share, on the sale of an apartment community. The
Company’s net income available to common shareholders for the year ended
December 31, 2012 included a gain of $6.1 million, or $0.11 per diluted share,
on the sale of an asset.
For a complete copy of the company’s news release, please
contact:
Post Properties, Inc.
Chris Papa, 404-846-5028
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