Post Properties Announces Quarterly Dividends
30 Novembre 2006 - 7:52PM
Business Wire
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced quarterly dividends on its common
stock of $0.45 per share for the fourth quarter of 2006. The
Company�s annual dividend rate is $1.80 per common share. The
dividend is payable on January 15, 2007 to all common stock
shareholders of record as of January 2, 2007. Post also announced
regular quarterly dividends for its 8.5 percent Series A Cumulative
Redeemable Preferred Stock and its 7 5/8 percent Series B
Cumulative Redeemable Preferred Stock. On its 8.5 percent Series A
Cumulative Redeemable Preferred Stock, Post declared a regular
quarterly dividend of $1.0625 per share for the fourth quarter. The
dividend is payable on January 2, 2007 to all Series A preferred
stock shareholders of record as of December 15, 2006. On its 7 5/8
percent Series B Cumulative Redeemable Preferred Stock, Post
declared a regular quarterly dividend of $0.47656 per share for the
fourth quarter. The dividend is payable on January 2, 2007 to all
Series B preferred stock shareholders of record as of December 15,
2006. Post Properties, founded more than 30 years ago, is one of
the largest developers and operators of upscale multifamily
communities in the United States. 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. In addition, the Company develops high-quality
condominiums and converts existing apartments to for-sale
multifamily communities. Post Properties is headquartered in
Atlanta, Georgia, and has operations in nine markets across the
country. Post Properties owns 22,389 apartment homes in 63
communities, including 545 apartment units in two communities held
in unconsolidated entities, and 1,031 apartment units in four
communities (including the expansion of one community) currently
under construction, and 150 apartment units in lease-up. The
Company is also developing 230 for-sale condominium homes and is
converting apartment homes in four communities initially consisting
of 597 units (including 121 units in one community held in an
unconsolidated entity) into for-sale condominium homes through a
taxable REIT subsidiary. Post Properties, Inc. (NYSE: PPS), an
Atlanta-based real estate investment trust, today announced
quarterly dividends on its common stock of $0.45 per share for the
fourth quarter of 2006. The Company's annual dividend rate is $1.80
per common share. The dividend is payable on January 15, 2007 to
all common stock shareholders of record as of January 2, 2007. Post
also announced regular quarterly dividends for its 8.5 percent
Series A Cumulative Redeemable Preferred Stock and its 7 5/8
percent Series B Cumulative Redeemable Preferred Stock. On its 8.5
percent Series A Cumulative Redeemable Preferred Stock, Post
declared a regular quarterly dividend of $1.0625 per share for the
fourth quarter. The dividend is payable on January 2, 2007 to all
Series A preferred stock shareholders of record as of December 15,
2006. On its 7 5/8 percent Series B Cumulative Redeemable Preferred
Stock, Post declared a regular quarterly dividend of $0.47656 per
share for the fourth quarter. The dividend is payable on January 2,
2007 to all Series B preferred stock shareholders of record as of
December 15, 2006. Post Properties, founded more than 30 years ago,
is one of the largest developers and operators of upscale
multifamily communities in the United States. 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(R) branded resort-style garden and high-density urban
apartments. In addition, the Company develops high-quality
condominiums and converts existing apartments to for-sale
multifamily communities. Post Properties is headquartered in
Atlanta, Georgia, and has operations in nine markets across the
country. Post Properties owns 22,389 apartment homes in 63
communities, including 545 apartment units in two communities held
in unconsolidated entities, and 1,031 apartment units in four
communities (including the expansion of one community) currently
under construction, and 150 apartment units in lease-up. The
Company is also developing 230 for-sale condominium homes and is
converting apartment homes in four communities initially consisting
of 597 units (including 121 units in one community held in an
unconsolidated entity) into for-sale condominium homes through a
taxable REIT subsidiary.
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