| Business Summary | | Post
Properties,
Inc.
is
a
developer
and
operator
of
upscale
multifamily
apartment
communities
in
the
Southeastern
and
Southwestern
United
States.
The
Company
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust
(REIT).
Post
Apartment
Homes,
L.P.
(the
Operating
Partnership),
is
the
Company's
principal
operating
subsidiary,
which
was
formed
to
succeed
substantially
all
of
the
ownership
interest
in
a
portfolio
of
40
Post
multifamily
apartment
communities,
all
of
which
were
developed
by
the
Company
and
owned
by
affiliates
of
the
Company.
It
also
oversees
the
development,
leasing,
landscaping
and
management
businesses
of
the
Company
and
certain
other
affiliates.
As
of
February
3,
2001,
the
Company
owned
87
stabilized
communities
containing
30,522
apartment
units,
located
in
the
metropolitan
areas
of
Atlanta,
Georgia,
Dallas
and
Houston,
Texas,
Tampa
and
Orlando,
Florida,
Fairfax,
Virginia,
Nashville,
Tennessee
and
Charlotte,
North
Carolina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PPS
is
a
self-administered
REIT
which
owns
and
manages
or
is
in
the
process
of
developing
apartment
communities
located
in
the
Southeastern
and
Southwestern
U.S.
For
the
six
months
ended
6/30/01,
total
revenues
rose
5%
to
$204.7
million.
Net
income
applicable
to
Common
before
acct.
change
and
extraordinary
item
rose
6%
to
$53.7
million.
Revenues
reflect
the
completion
of
new
communities
and
increased
rental
rates.
Earnings
reflect
an
increase
in
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Williams, 58 Chairman,
CEO | $514K | -- | David Stockert, 38 Pres,
COO | -- | -- | John Glover, 54 Vice
Chairman | 332K | $960K | R. Gregory Fox, 41 Exec.
VP - Post Corp. Services, CFO | 247K | -- | Sherry Cohen, 46 Exec.
VP and Sec.--Post Corp. Services | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|