Company Profile For Home Properties, Inc.
Overview
Home Properties, Inc. (Home Properties) is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, acquires, develops and rehabilitates apartment communities. The Company's properties are regionally focused primarily in select Northeast, Mid-Atlantic and Southeast Florida markets of the United States. The Company conducts its business through Home Properties, L.P. (the Operating Partnership), a New York limited partnership in which the Company held a 71.7% partnership interest as of December 31, 2008, and a management company Home Properties Resident Services, Inc. (HPRS).
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Home Properties, Inc.'s revenues increased 3% to $382.4M. Net income from continuing operations increased 31% to $12.9M. Revenues reflect higher income from Core Properties segment, an increase in rental income and increased other income from property. Net income also reflects a decrease in general & administrative expenses. The Company is a self administered and self-managed real estate trust.
Company Address
Home Properties, Inc.
850 Clinton Square
Rochester NY 14604
P: +1585.5464900
F: +1585.5465433
850 Clinton Square
Rochester NY 14604
P: +1585.5464900
F: +1585.5465433
Total Employees
1150
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