Post Properties Announces Third Quarter 2014 Earnings and Development of Second Phase of Post Parkside™ at Wade in Raleigh, NC

Dave Stockert

ATLANTA, GA (BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced net income available to common shareholders of $132.8 million, or $2.44 per diluted share, for the third quarter of 2014, compared to $18.1 million, or $0.33 per diluted share, for the third quarter of 2013.

Net income available to common shareholders for the nine months ended September 30, 2014, was $192.9 million, or $3.54 per diluted share, compared to $64.0 million, or $1.17 per diluted share, for the nine months ended September 30, 2013.

“The third quarter was a productive and successful one,” said Dave Stockert, the Company’s CEO and President. 

 “Highlights included another double-digit increase in per share adjusted core funds from operations and a highly profitable sale of assets, providing the Company with substantial low-cost capital to fund future investments.”

For a complete copy of the company’s news release, please contact:

Post Properties, Inc.

Chris Papa, 404-846-5028