Post Properties Announces Quarterly Dividends
24 Maggio 2007 - 5:52PM
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 second quarter of 2007. The
Company�s annual dividend rate is $1.80 per common share. The
dividend is payable on July 13, 2007 to all common stock
shareholders of record as of June 30, 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 second quarter. The
dividend is payable on July 2, 2007 to all Series A preferred stock
shareholders of record as of June 15, 2007. 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 second
quarter. The dividend is payable on July 2, 2007 to all Series B
preferred stock shareholders of record as of June 15, 2007. Post
Properties, founded more than 35 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 21,563
apartment homes in 60 communities, including 1,351 apartment units
in four communities held in unconsolidated entities, 1,181
apartment units in four communities (and the expansion of one
community) currently under construction and/or in lease-up. The
Company is also developing 230 for-sale condominium homes in two
communities and is converting apartment units in three communities
initially consisting of 470 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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