ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS)
announced net income available to common shareholders of $18.5 million,
or $0.34 per diluted share, for the fourth quarter of 2014, compared to $42.8
million, or $0.79 per diluted share, for the fourth quarter of 2013.
Net income available to common shareholders for the year
ended December 31, 2014, was $211.4 million, or $3.88 per diluted share,
compared to $106.8 million, or $1.96 per diluted share, for the year ended
December 31, 2013.
Net income for the year ended December 31, 2014, included
gains on sales of apartment communities of $163.8 million, offset by losses on
the extinguishment of indebtedness of $16.6 million, both net of noncontrolling
interest. 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
on the sale of an apartment community.
For a complete copy
of the company’s news release, please contact:
Post Properties, Inc.
Chris Papa, 404-846-5028
No comments:
Post a Comment