Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced that at a meeting earlier today, the Board declared quarterly dividends on its common stock of $0.47 per share for the first quarter of 2016. The dividend is payable on April 15, 2016, to all common shareholders of record as of March 31, 2016.

Said Dave Stockert, CEO and President, “We are pleased to raise the dividend to common shareholders again this year, reflecting the continuing success of our business and a favorable operating environment. With today’s announcement, we expect our annualized rate of common dividends to increase by 6.8 percent to $1.88 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 2016. The dividend is payable on March 31, 2016, to all Series A preferred shareholders of record as of March 15, 2016.

About Post Properties

Post Properties, founded more than 40 years ago, is a leading developer and operator of upscale multifamily communities. 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 24,162 apartment units in 61 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 2,630 apartment units in seven communities currently under development or in lease-up.