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 $0.44 per share for the second quarter of 2015. The dividend is payable on July 15, 2015, to all common shareholders of record as of June 30, 2015.

Said Dave Stockert, CEO and President, “We are pleased to raise the dividend to common shareholders again this year, reflecting the ongoing success and profitability of our business. With today’s announcement, we expect our annualized rate of common dividends to increase by ten percent to $1.76 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 second quarter of 2015. The dividend is payable on June 30, 2015, to all Series A preferred shareholders of record as of June 15, 2015.

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 nine markets across the country.

Post Properties has interests in 23,350 apartment units in 59 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,819 apartment units in five communities currently under development.