Post Properties, Inc. (NYSE: PPS) announced today how it expects its 2013 dividends to be classified for federal income tax purposes. The dividend classifications are shown on the attached chart. Of special note is that for tax reporting purposes, the common stock dividend payable on January 15, 2014 is taxable in year 2014. This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed.

The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company's dividends. No material change in these classifications is expected.

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.

                       
Post Properties, Inc.
Estimated Income Tax Characteristics of 2013 Dividends for Form 1099-DIV
 
               
Total Ordinary Taxable Dividends Total Capital Gain Distribution
(a) = Breakout of (a) (b) = Breakout of (b) (c) (a )+(b)+(c)
Ordinary Total Unrecaptured
Taxable Ordinary Short-Term Qualified Capital Gain Long-Term Sec. 1250 Return
Declaration Record Payable Distribution Dividends Income Capital Dividends Distribution Capital Gain of Capital
DateDateDatePer Share(Box 1a Total)DividendsGain(Box 1b)(Box 2a Total)Gain(Box 2b)(Box 3)Total %
 
Common Stock- (PPS) (CUSIP 737464107)
 
12/5/2012 1/2/2013 1/15/2013 $ 0.2500 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
2/21/2013 3/29/2013 4/15/2013 $ 0.2500 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
5/23/2013 6/28/2013 7/15/2013 $ 0.3300 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
9/4/2013 9/30/2013 10/15/2013 $ 0.3300 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
11/21/2013 1/2/2014 1/15/2014 $ 0.3300 (1 ) See Note See Note See Note See Note See Note See Note See Note See Note See Note
 
2013 Total $ 1.1600
 
(1) Note:The Common Stock dividend paid on 1/15/14 is taxable in Year 2014 - no portion of that dividend is taxable in Year 2013
 

8.5% Series A Cumulative Redeemable Preferred (PPS) (CUSIP 737464206)

 
2/21/2013 3/15/2013 4/1/2013 $ 1.0625 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
5/23/2013 6/17/2013 7/1/2013 $ 1.0625 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
9/4/2013 9/16/2013 9/30/2013 $ 1.0625 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
11/21/2013 12/16/2013 12/31/2013 $ 1.0625 99.40325 % 99.40325 % 0.00000 % 0.00000 % 0.59675 % 0.59675 % 0.00000 % 0.00000 % 100.00000 %
 
2013 Total $ 4.2500

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