(To read more on the debt and equity markets and themultifamily market, click here.)
ATLANTA-Locally based Post Properties Inc. brings good news toits shareholders today. The company's first-quarter net incometotaled $2.9 million, up from $2.8 million in the same 2005 period.On a diluted per-share basis, net income of seven cents per sharewas the same in first-quarter 2006 as in 2005.
However, funds from operations dipped to $19.9 million, or 46cents per diluted share, versus $22 million, or 51 cents per share,in the comparable quarter last year.
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