Post Properties Announces Quarterly Dividends and New Stock and Note Repurchase Program
05 Dicembre 2012 - 7:07PM
Business Wire
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced quarterly dividends on its common
stock of $0.25 per share for the fourth quarter of 2012. The
dividend is payable on January 15, 2013 to all common stockholders
of record as of January 2, 2013.
Post also 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 2012. The dividend is payable
on December 31, 2012 to all Series A preferred stockholders of
record as of December 17, 2012.
In addition, Post announced that its Board of Directors has
adopted a new stock and note repurchase program under which Post
may repurchase up to an aggregate of $200 million of its common
stock or preferred stock or its operating partnership’s senior
unsecured notes from time to time until December 31, 2014. The new
stock and note repurchase program replaces a substantially similar
program that is currently set to expire at the end of 2012.
About Post Properties
Post Properties, Inc., 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 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 22,218 apartment units in 60
communities, including 1,471 apartment units in four communities
held in unconsolidated entities and 2,046 apartment units in seven
communities currently under development or in lease-up. The Company
is also selling luxury for-sale condominium homes in two
communities through a taxable REIT subsidiary.
Grafico Azioni Post Properties (NYSE:PPS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Post Properties (NYSE:PPS)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Post Properties, Inc. (delisted) (Borsa di New York (NYSE)): 0 articoli recenti
Più Post Properties, Inc. Articoli Notizie