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Post Properties' FFO Down in Fourth Quarter

ATLANTA-The locally based apartment REIT posted funds from operations of $33.7 million, excluding a $17.5 million severance and impairment charge. That compares to FFO of $41.7 million for fourth quarter 2000, excluding a $9.4 million charge.

By Alex Finkelstein | Updated on February 07, 2002

ATLANTA-Post Properties, Inc. is reporting funds from operations for the fourthquarter of 2001 totaled $33.7 million, excluding a $17.5 million severance andimpairment charge. This compares to funds from operations of $41.7 millionfor the fourth quarter of 2000, excluding a $9.4 million charge recorded inthat period.

On a diluted per share basis, FFO was 80 cents for the fourthquarter, compared to the diluted per share result of 93 cents for the sameperiod in 2000, excluding the impact of charges. For the year, FFO was$150.6 million, compared to $172.8 million for the prior year, excludingcharges. On a diluted per share basis, FFO was $3.47 for the year, comparedto $3.84 for the prior year, excluding charges.

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