Tuesday, February 10, 2015

Post Properties Announces Fourth Quarter 2014 Earnings


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

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