Home Properties Q1 FFO Rises - Quick Facts

(RTTNews) - Home Properties Inc. (HME) Thursday reported first-quarter funds from operations, or FFO, of $67.6 million or $1.00 per share, compared to $66.0 million or $1.05 per share in the same period last year.

Adjusted FFO for the quarter was $1.04 per share. On average, 14 analysts polled by Thomson Reuters expected the company to report FFO of $1.05 per share for the quarter. Analysts' estimates typically exclude special items.

Net income available to common stockholders decreased to $45.79 million or $0.79 per share from $51.88 million or $0.99 per share last year.

Revenues increased to $168.06 million from $161.72 million last year. Anlaysts expected revenues of $169.09 million.

Looking ahead to the second quarter, the company has forecast FFO in the range of $1.09 to $1.13 per share. Analysts currently expect second-quarter FFO of $1.12 per share.