COMPANY EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and six months ended June 30, 2014 and 2013, a reconciliation of the numerator and denominator used in the computation of basic and diluted income from continuing operations per share was as follows:

	Three months ended June 30,						Six months ended June 30,
	2014			2013			2014			2013
Income from continuing operations available to common shareholders (numerator):
Income from continuing operations	$	47,991		$	27,171		$	62,244		$	47,128
Noncontrolling interests - consolidated real estate entities		(154	)		(58	)		(138	)		(55	)
Noncontrolling interests - Operating Partnership		(118	)		(67	)		(151	)		(118	)
Preferred stock dividends		(922	)		(922	)		(1,844	)		(1,844	)
Unvested restricted stock (allocation of earnings)		(110	)		(60	)		(132	)		(97	)
Income from continuing operations available to common shareholders	$	46,687		$	26,064		$	59,979		$	45,014
Common shares (denominator):
Weighted average shares outstanding - basic		54,223			54,464			54,199			54,450
Dilutive shares from stock options		112			194			115			198
Weighted average shares outstanding - diluted		54,335			54,658			54,314			54,648
Per-share amount:
Basic	$	0.86		$	0.48		$	1.11		$	0.83
Diluted	$	0.86		$	0.48		$	1.10		$	0.82

Post Apartment Homes, L.P. [Member]

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and six months ended June 30, 2014 and 2013, a reconciliation of the numerator and denominator used in the computation of basic and diluted income from continuing operations per unit was as follows:

	Three months ended June 30,						Six months ended June 30,
	2014			2013			2014			2013
Income from continuing operations available to common unitholders (numerator):
Income from continuing operations	$	47,991		$	27,171		$	62,244		$	47,128
Noncontrolling interests - consolidated real estate entities		(154	)		(58	)		(138	)		(55	)
Preferred unit distributions		(922	)		(922	)		(1,844	)		(1,844	)
Unvested restricted stock (allocation of earnings)		(110	)		(60	)		(132	)		(97	)
Income from continuing operations available to common unitholders	$	46,805		$	26,131		$	60,130		$	45,132
Common units (denominator):
Weighted average units outstanding - basic		54,358			54,607			54,334			54,593
Dilutive units from stock options		112			194			115			198
Weighted average units outstanding - diluted		54,470			54,801			54,449			54,791
Per-unit amount:
Basic	$	0.86		$	0.48		$	1.11		$	0.83
Diluted	$	0.86		$	0.48		$	1.10		$	0.82