ROCHESTER, N.Y., Jan. 19 /PRNewswire-FirstCall/ -- Home Properties (NYSE: HME) today reported the taxable composition of its 2009 dividend payments on its Common Stock. Due primarily to the on-going shelter provided by non-cash depreciation expenses, a portion of each distribution is treated as a return of capital by the Internal Revenue Service. This portion is not currently taxable and should be applied to reduce the tax cost basis of the shares upon which the dividends were paid. The Company did not incur any foreign taxes. The classifications for 2009 are as follows: Common (CUSIP #437306103) Distribution Type ------------------------- ----------------- Ordinary -------- Record Payable Distributions Taxable Qualified ------ ------- ------------- ------- --------- Per Dates Dates Share Dividend Dividend ----- ----- ------ -------- -------- 2/20/2009 2/27/2009 $0.67 39.4442% 0.0000% 5/15/2009 5/27/2009 $0.67 39.4442% 0.0000% 8/17/2009 8/26/2009 $0.67 39.4442% 0.0000% 11/12/2009 11/24/2009 $0.67 39.4442% 0.0000% ----- ------- ------ TOTALS $2.68 39.4442% 0.0000% ------ ===== ======= ====== Unrecaptured ------------ Return Long- Sec. Record Payable of Term 1250 ------ ------- ------- ------ ----- Capital Dates Dates Capital Gain Gain ----- ----- ------- -------- ---- 2/20/2009 2/27/2009 44.0223% 2.7486% 13.7849% 5/15/2009 5/27/2009 44.0223% 2.7486% 13.7849% 8/17/2009 8/26/2009 44.0223% 2.7486% 13.7849% 11/12/2009 11/24/2009 44.0223% 2.7486% 13.7849% ------- ------ ------- TOTALS 44.0223% 2.7486% 13.7849% ------ ======= ====== ======= Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in selected Northeast, Mid-Atlantic and Southeast Florida markets. Currently, Home Properties operates 108 communities containing 37,107 apartment units. Of these, 35,957 units in 106 communities are owned directly by the Company; 868 units are partially owned and managed by the Company as general partner, and 282 units are managed for other owners. For more information, visit Home Properties' Web site at homeproperties.com. DATASOURCE: Home Properties CONTACT: David P. Gardner, Executive Vice President and Chief Financial Officer, +1-585-246-4113, or Charis W. Warshof, Vice President, Investor Relations, +1-585-295-4237 Web Site: http://www.homeproperties.com/

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