Post Properties Announces Quarterly Dividends Increases Dividend Payout to Common Shareholders by 9 Percent

Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.36 per share for the first quarter of 2014. The dividend is payable on April 15, 2014 to all common shareholders of record as of March 31, 2014.

Said Dave Stockert, CEO and President, “We are pleased to be able to increase the dividend to common shareholders again this year, reflecting growing earnings and cash flow, and the overall strength of our business. With today’s announcement, we expect our annualized rate of common stock dividends to rise by 9 percent to $1.44 per share.”

Post also announced regular quarterly dividends for its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the first quarter of 2014. The dividend is payable on March 31, 2014 to all Series A preferred shareholders of record as of March 17, 2014.

About Post Properties

Post Properties, 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 high density urban and resort-style garden apartments. Post Properties is headquartered in Atlanta, Georgia, and has operations in ten markets across the country.

Post Properties has interests in 22,516 apartment units in 60 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,620 apartment units in five communities currently under development or in lease-up.

Contacts:

Post Properties, Inc.
Chris Papa, 404-846-5000

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