hme8k4q2009earnings.htm
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported):
February
18, 2010
HOME
PROPERTIES, INC.
(Exact
name of Registrant as specified in its Charter)
MARYLAND
|
1-13136
|
16-1455126
|
(State
or other jurisdiction
|
(Commission
|
(IRS
Employer
|
of
incorporation)
|
File
Number)
|
Identification
Number)
|
850
Clinton Square, Rochester, New York 14604
(Address
of principal executive offices)
(585)
546-4900
(Registrant's
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
|
ITEM
7.01.
|
REGULATION
FD DISCLOSURE
|
On
February 18, 2010, the Registrant issued a press release announcing its results
for the fourth quarter of 2009. The related press release is attached
hereto as Exhibit 99.1. Attached as Exhibit 99.2 is the supplemental
information referred to in the press release. The information in this
Current Report is being furnished pursuant to Item 7.01, Regulation FD
Disclosure.
The
attached includes a presentation of Home Properties' Funds from Operations
("FFO") and Net Operating Income ("NOI"). FFO does and NOI may fall within the
definition of "non-GAAP financial measure" set forth in Item 10(e) of Regulation
S-K and as a result Home Properties is or may be required to include in this
Current Report a statement disclosing the reasons why management believes that
presentation of these measures provides useful information to
investors. The Company believes that FFO is helpful to investors as a
supplemental measure of the operating performance of a real estate company
because, along with cash flows from operating activities, financing activities
and investing activities, it provides investors an understanding of the ability
of the Company to incur and service debt and to make capital
expenditures. Home Properties believes that NOI is helpful to
investors as a supplemental measure of the operating performance of a real
estate company because it is a direct measure of the actual operating results of
the Company's apartment properties. The Company also uses these two
measures to compare its performance to that of its peer group.
ITEM
9.01.
|
FINANCIAL
STATEMENTS AND EXHIBITS.
|
|
|
Exhibit
99 Supplemental information to press release of February 18, 2010,
relating to fourth quarter 2009
results.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
Dated:
|
February
19, 2010
|
HOME PROPERTIES, INC.
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ David P. Gardner
|
|
|
|
David
P. Gardner
|
|
|
|
Executive
Vice President and
|
|
|
|
Chief
Financial Officer
|