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):
September 19, 2006
HOME PROPERTIES, INC.
(Exact name of Registrant as specified in its Charter)
MARYLAND 1-13136 No. 16-1455126
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
850 Clinton Square, Rochester, New York 14604
www.homeproperties.com
(Address of principal executive offices and internet site)
(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))
HOME PROPERTIES, INC.
CURRENT REPORT
ON FORM 8-K
Item 8.01. Other Events
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Home Properties, Inc. ("the Company") plans to file two registration statements
on Form S-3 with the Securities and Exchange Commission (SEC). In connection
with the filing of these registration statements on Form S-3, we are filing this
current report on Form 8-K to set forth audited consolidated financial
statements and certain other financial information originally reported within
our Annual Report on Form 10-K for the year ended December 31, 2005 ("Annual
Report"), to reflect the reclassification of two properties from held for use to
properties held for sale during the three-month period ended March 31, 2006.
We are updating our previously issued Annual Report due to certain provisions of
Statement of Financial Accounting Standards No. 144, "Accounting for the
Impairment or Disposal of Long-Lived Assets" that require us to report the
results of operations of a property if it has either been disposed or is
classified as held for sale in discontinued operations and meets certain other
criteria. Accordingly, the Company has updated its audited consolidated
financial statements for the year ended December 31, 2005 to reflect the
reclassification of two properties that were disposed on April 5, 2006 as held
for sale and met the criteria to be classified as discontinued operations in the
quarter ending March 31, 2006. The results of these two properties, acquired
during 2004, are classified as held for sale as of December 31, 2005 and
reflected in discontinued operations for the years ended December 31, 2005 and
2004. This Current Report on Form 8-K updates Items 6, 7, 8 and 15 of our Annual
Report to reflect the discontinued operations, where applicable. No information
other than that related to the discontinued operations has been updated. These
reclassifications of discontinued operations have no effect on the Company's
reported net income available to common shareholders, financial condition, cash
flows or funds from operations as reported in prior SEC filings. Also, there is
no effect to our previously issued audited consolidated financial statements for
the year ended December 31, 2003.
Items 6, 7, 8 and 15 of our Annual Report are set forth on Exhibits 99.1, 99.2,
99.3 and 99.4 hereto, respectively, and are incorporated by reference herein. We
have not modified or updated any other disclosures presented in our Annual
Report. All other information in the Annual Report remains unchanged.
Item 9.01. Financial Statements and Exhibits.
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(d) Exhibits
Exhibit
Number Description
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23.1 Consent of Independent Registered Public Accounting Firm
(PricewaterhouseCoopers LLP)
31.1 Section 302 Certification of Chief Executive Officer
31.2 Section 302 Certification of Chief Financial Officer
32.1 Section 906 Certification of Chief Executive Officer
32.2 Section 906 Certification of Chief Financial Officer
99.1 Selected Financial Data
99.2 Management's Discussion and Analysis of Financial Condition and
Results of Operation
99.3 Financial Statements and Supplementary Data
99.4 Financial Statements and Financial Statement Schedules
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.
HOME PROPERTIES, INC.
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(Registrant)
Date: September 19, 2006
By: /s/ Edward J. Pettinella
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Edward J. Pettinella
President and Chief Executive Officer
Date: September 19, 2006
By: /s/ David P. Gardner
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David P. Gardner
Executive Vice President and
Chief Financial Officer