Post Properties Q4 FFO Down - Quick Facts

(RTTNews) - Post Properties, Inc. (PPS) Monday reported fourth-quarter funds from operations, or FFO, of $36.4 million or $0.67 per share, down from $38.8 million or $0.71 per share in the same period last year.

Core FFO for the quarter was $36.0 million or $0.66 per share. On average, 15 analysts polled by Thomson Reuters expected the company to report FFO of $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Earnings available to common shareholders increased to $42.8 million or $0.79 per share from $17.9 million or $0.33 per share in the same period last year.

Revenues increased to $93.71 million from $84.92 million last year. Analysts expected revenues of $91.45 million.

Looking ahead to the fiscal 2014, the company currently projects core FFO in the order of $2.55 to $2.62 per share, with AFFO ranging between $2.09 and $2.17 per share. Analysts currently expect full-year FFO of $2.75 per share.