Tuesday, May 3, 2011
Post Properties Announces First Quarter 2011 Earnings and Development of Post Midtown Square® - Phase III in Houston, TX
ATLANTA, GA--(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced today a net loss attributable to common shareholders of $0.4 million, or a loss of $0.01 per diluted share, for the first quarter of 2011, compared to a net loss attributable to common shareholders of $3.1 million, or a loss of $0.06 per diluted share, for the first quarter of 2010.
The Company’s net loss attributable to common shareholders for the first quarter of 2011 included $1.8 million of costs associated with the Company’s redemption of its Series B preferred stock, discussed further below.
For a complete copy of the company’s news release and financials, please contact Chris Papa, 404-846-5028 or firstname.lastname@example.org
Investor/Analyst Conference Call Scheduled for May 3, 2011 at 10:00 a.m. EDT