Post Properties (PPS) Tops Q1 EPS by 1c, Offers Guidance

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Post Properties Announces First Quarter 2016 Earnings

May 2, 2016 4:15 PM EDT

Investor/Analyst Conference Call Scheduled for Tuesday, May 3 at 10:00 a.m. ET

ATLANTA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today net income available to common shareholders of $19.2 million, or $0.36 per diluted share, for the first quarter of 2016, compared to $19.0 million, or $0.35 per diluted share, for the first quarter of 2015. Net income for the first quarter of 2015 included a gain on the sale of a retail condominium of $1.8 million, or $0.03 per diluted share.

Funds From Operations

The Company uses the National Association of Real Estate Investment Trusts... More