ITEM 7.01. REGULATION FD DISCLOSURE

On February 19, 2009, the Registrant issued a press release announcing its results for the fourth quarter of 2008. 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.

c. Exhibits

Exhibit 99.1 Press Release
Exhibit 99.2 Supplemental information to Press Release of February 19, 2009, relating to fourth quarter 2008 results.