Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced quarterly dividends on its common
stock of $0.22 per share for the fourth quarter of 2011. The dividend is
payable on January 13, 2012 to all common stockholders of record as of
January 3, 2012.
About Post Properties
Post Properties, founded 40 years ago, is a leading developer and
operator of upscale multifamily communities. The Company’s mission is
delivering superior satisfaction and value to its residents, associates,
and investors, with a vision of being the first choice in quality
multifamily living. Operating as a real estate investment trust
("REIT”), the Company focuses on developing and managing Post® branded
resort-style garden and high density urban apartments. Post Properties
is headquartered in Atlanta, Georgia, and has operations in ten markets
across the country.
Post Properties has interests in 21,431 apartment units in 57
communities, including 1,747 apartment units in five communities held in
unconsolidated entities and 1,568 apartment units in five communities
currently under development. The Company is also selling luxury for-sale
condominium homes in two communities through a taxable REIT subsidiary.
