Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced quarterly dividends on its common
stock of $0.40 per share for the third quarter of 2014. The dividend is
payable on October 15, 2014 to all common stockholders of record as of
September 30, 2014.
Post also announced regular quarterly dividends on its 8.5 percent
Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for
the third quarter of 2014. The dividend is payable on September 30, 2014
to all Series A preferred stockholders of record as of September 15,
About Post Properties
Post Properties, founded more than 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
high density urban and resort-style garden apartments. Post Properties
is headquartered in Atlanta, Georgia, and has operations in ten markets
across the country.
Post Properties has interests in 22,596 apartment units in 60
communities, including 1,471 apartment units in four communities held in
unconsolidated entities and 1,201 apartment units in four communities
currently under development or in lease-up.
Post Properties, Inc.
Chris Papa, 404-846-5000
Source: Post Properties, Inc.