Post Properties Announces Quarterly Dividends
15 Settembre 2010 - 6:02PM
Business Wire
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced quarterly dividends on its common
stock of $0.20 per share for the third quarter of 2010. The
dividend is payable on October 15, 2010 to all common stock
shareholders of record as of September 30, 2010.
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 third quarter. The dividend is payable on September
30, 2010 to all Series A preferred stock shareholders of record as
of September 15, 2010.
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 third quarter. The dividend is payable on September
30, 2010 to all Series B preferred stock shareholders of record as
of September 15, 2010.
About Post Properties
Post Properties, founded more than 39 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 has also developed high-quality condominiums and
converted 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 19,863 apartment units in 55 communities,
including 1,747 apartment units in five communities held in
unconsolidated entities and 396 apartment units in one community
currently in lease-up. The Company is also developing and selling
277 luxury for-sale condominium homes in two communities (including
129 units in one community held in an unconsolidated entity)
through a taxable REIT subsidiary.
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