ROCHESTER, N.Y. /PRNewswire-FirstCall/ -- Home Properties (NYSE: HME) hs released financial results for the fourth quarter and year ended December 31, 2008.All results are reported on a diluted basis.
"Home Properties' solid 2008 operating results and record Funds from Operations per share once again re
flect the Company's defensive characteristics, which have contributed to superior sector performance in a recessionary environment," said Edward J. Pettinella, (top right photo) President and CEO.
flect the Company's defensive characteristics, which have contributed to superior sector performance in a recessionary environment," said Edward J. Pettinella, (top right photo) President and CEO. "We expect this outperformance to continue in 2009 as Home Properties is the only apartment REIT projecting an increase in net operating income for the year."
For a complete copy of the company's news release and financials, please contact
David P. Gardner, Executive Vice President and Chief Financia lOfficer, +1-585-246-4113, or Charis W. Warshof, Vice President, InvestorRelations, +1-585-295-4237, both of Home Properties
Web Site: http://www.homeproperties.com/
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