Post Properties' FFO well ahead of J.P. Morgan estimates in 1Q (PPS)

According to J.P. Morgan, Post Properties PPS FFO was well ahead of J.P. Morgan's estimate for 1Q. In a published report, J.P. Morgan said, " The beat relative to our estimate was largely driven by NOI, which we see as positive news. Some of this beat appears to be expense-driven, and PPS may give some of the robust growth back over the balance of the year as the expense comps unwind and same-store NOI growth averages down from the 7.9% 1Q level." PPS closed yesterday at $41.39.