Operating Partnership Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2011


	Year ended December 31,
	2011			2010			2009
Income (loss) from continuing operations available to common shareholders (numerator):
Income (loss) from continuing operations	$	25,595		$	(6,991	)	$	(95,727	)
Noncontrolling interests - consolidated real estate entities		(67	)		(20	)		8,218
Noncontrolling interests - Operating Partnership		(62	)		51			452
Preferred stock dividends		(4,455	)		(7,503	)		(7,637	)
Preferred stock redemption costs		(1,757	)		(44	)		-
Unvested restricted stock (allocation of earnings)		(59	)		65			29

Income (loss) from continuing operations available to common shareholders	$	19,195		$	(14,442	)	$	(94,665	)

Common shares (denominator):
Weighted average shares outstanding - basic		50,420			48,483			45,179
Dilutive shares from stock options		388			-			-

Weighted average shares outstanding - diluted		50,808			48,483			45,179

Per-share amount:
Basic	$	0.38		$	(0.30	)	$	(2.10	)

Diluted	$	0.38		$	(0.30	)	$	(2.10	)

Post Apartment Homes, L.P. [Member]


	Year ended December 31,
	2011			2010			2009
Income (loss) from continuing operations available to common unitholders (numerator):
Income (loss) from continuing operations	$	25,595		$	(6,991	)	$	(95,727	)
Noncontrolling interests - consolidated real estate entities		(67	)		(20	)		8,218
Preferred unit distributions		(4,455	)		(7,503	)		(7,637	)
Preferred unit redemption costs		(1,757	)		(44	)		-
Unvested restricted stock (allocation of earnings)		(59	)		65			29

Income (loss) from continuing operations available to common unitholders	$	19,257		$	(14,493	)	$	(95,117	)

Common units (denominator):
Weighted average units outstanding - basic		50,584			48,655			45,382
Dilutive units from stock options		388			-			-

Weighted average units outstanding - diluted		50,972			48,655			45,382

Per-unit amount:
Basic	$	0.38		$	(0.30	)	$	(2.10	)

Diluted	$	0.38		$	(0.30	)	$	(2.10	)