Post Properties Announces Quarterly Dividends for Series A Cumulative Redeemable Preferred Stock
05 Dicembre 2011 - 11:20PM
Business Wire
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced regular quarterly dividends on
its 8.5 percent Series A Cumulative Redeemable Preferred Stock of
$1.0625 per share for the fourth quarter of 2011. The dividend is
payable on December 31, 2011 to all Series A preferred stockholders
of record as of December 15, 2011.
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.
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