Tuesday, May 5, 2015

Post Properties Announces First Quarter 2015 Earnings


Dave Stockert
ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today net income available to common shareholders of $19.0 million, or $0.35 per diluted share, for the first quarter of 2015 compared to $13.3 million, or $0.24 per diluted share, for the first quarter of 2014. 

Net income for the first quarter of 2015 included a gain on the sale of a retail condominium of $1.8 million, or $0.03 per diluted share.

Said Dave Stockert, Post’s CEO, “The Company continues to produce strong growth in profits and cash flows through balanced contributions from our core portfolio, our development business and our capital and balance sheet management. 

"Conditions for the overall housing and apartment markets remain favorable.”

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

Post Properties, Inc.

Chris Papa, 404-846-5028

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