Thursday, May 19, 2016

Post Properties Announces First Quarter 2016 Earnings


Dave Stockert
ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today net income available to common shareholders of $19.2 million, or $0.36 per diluted share, for the first quarter of 2016, compared to $19.0 million, or $0.35 per diluted share, for the first quarter of 2015. 

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 and President, “Results for the first quarter point to the ongoing favorable operating conditions for our business. Same-store revenue growth that was higher than at any time in the past two-plus years helped drive strong top-line and bottom-line growth.”

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

Post Properties, Inc.
Chris Papa, 404-846-5028



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