COMPANY EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and nine months ended September 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 September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Income from continuing operations available to common shareholders (numerator):
Income from continuing operations	$	156,435		$	18,632		$	218,679		$	65,760
Noncontrolling interests - consolidated real estate entities		(22,416	)		(32	)		(22,554	)		(87	)
Noncontrolling interests - Operating Partnership		(313	)		(47	)		(464	)		(164	)
Preferred stock dividends		(922	)		(922	)		(2,766	)		(2,766	)
Unvested restricted stock (allocation of earnings)		(314	)		(39	)		(435	)		(136	)
Income from continuing operations available to common shareholders	$	132,470		$	17,592		$	192,460		$	62,607
Common shares (denominator):
Weighted average shares outstanding - basic		54,301			54,371			54,233			54,424
Dilutive shares from stock options		72			168			103			187
Weighted average shares outstanding - diluted		54,373			54,539			54,336			54,611
Per-share amount:
Basic	$	2.44		$	0.32		$	3.55		$	1.15
Diluted	$	2.44		$	0.32		$	3.54		$	1.15

Post Apartment Homes, L.P. [Member]

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and nine months ended September 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 September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Income from continuing operations available to common unitholders (numerator):
Income from continuing operations	$	156,435		$	18,632		$	218,679		$	65,760
Noncontrolling interests - consolidated real estate entities		(22,416	)		(32	)		(22,554	)		(87	)
Preferred unit distributions		(922	)		(922	)		(2,766	)		(2,766	)
Unvested restricted stock (allocation of earnings)		(314	)		(39	)		(435	)		(136	)
Income from continuing operations available to common unitholders	$	132,783		$	17,639		$	192,924		$	62,771
Common units (denominator):
Weighted average units outstanding - basic		54,431			54,514			54,366			54,567
Dilutive units from stock options		72			168			103			187
Weighted average units outstanding - diluted		54,503			54,682			54,469			54,754
Per-unit amount:
Basic	$	2.44		$	0.32		$	3.55		$	1.15
Diluted	$	2.44		$	0.32		$	3.54		$	1.15