ROCHESTER, N.Y., Jan. 14, 2014 /PRNewswire/ -- Home Properties, Inc. (NYSE: HME) today reported the taxable composition of its 2013 dividend payments on its Common Stock. Any distribution treated as return of capital 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 2013 are as follows:

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    Common (CUSIP #437306103)                                                       Distribution Type
    ------------------------                                                        -----------------

                                                                         Ordinary                                                                             Unrecaptured

                Record            Payable            Distributions       Taxable                    Qualified         Return of          Long-Term              Sec. 1250

                Dates              Dates               Per Share         Dividend                   Dividend           Capital          Capital Gain              Gain
                -----              -----               ---------         --------                   --------           -------          ------------              ----

                        2/14/2013          2/26/2013               $0.70          63.0720%                    0.0000%           0.0000%              22.3642%              14.5638%

                        5/14/2013          5/24/2013               $0.70          63.0720%                    0.0000%           0.0000%              22.3642%              14.5638%

                        8/13/2013          8/23/2013               $0.70          63.0720%                    0.0000%           0.0000%              22.3642%              14.5638%

                       11/12/2013         11/22/2013               $0.70          63.0720%                    0.0000%           0.0000%              22.3642%              14.5638%
                                                                   -----          -------                     ------            ------               -------               -------

                                              TOTALS               $2.80          63.0720%                    0.0000%           0.0000%              22.3642%              14.5638%
                                              ------               -----          -------                     ------            ------               -------               -------

Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in suburbs of major metropolitan areas in selected Northeast and Mid-Atlantic markets. An S & P 400 Company, Home Properties owns and operates 119 communities containing 42,080 apartment units. For more information, visit Home Properties' website at www.homeproperties.com.

SOURCE Home Properties, Inc.