Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced a change in the record date for its quarterly dividend on its common stock of $0.25 per share for the first quarter of 2013, which was declared on February 21, 2013. The revised record date will be March 28, 2013. There is no change in the payable date of April 15, 2013.
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 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 22,218 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.