Home Properties Q2 FFO Rises - Quick Facts

(RTTNews) - Home Properties Inc. (HME) Thursday said second-quarter funds from operations, or FFO, increased to $70.4 million or $1.11 per share from $57.6 million or $0.96 per share in the same period last year.

Adjusted FFO for the quarter was $61.56 million or $0.97 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $1.09 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common stockholders increased to $27.04 million or $0.51 per share, up from $13.73 million or $0.28 per share last year.

Revenues totaled $167.18 million, up from $154.82 million last year. Analysts expected revenues of $166.23 million.

Looking ahead to the third quarter, the company has forecast FFO in the range of $1.08 to $1.12 per share. Analysts currently expect third-quarter FFO of $1.12 per share.