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| 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:
Chris Papa, 404-846-5028
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