Home Properties Named to 'Most Trustworthy Companies' List
ROCHESTER, N.Y., Aug. 26 /PRNewswire-FirstCall/ -- Home Properties (NYSE: HME) today announced that it has been named to the Most Trustworthy Companies list compiled by Audit Integrity, an independent financial analytics company utilized by Forbes to find public companies investors can trust. Fewer than 5% of public companies appear on the list. Home Properties ranked sixth in the Real Estate Investment Trust (REIT) industry when using the AGR (Accounting and Governance Risk) score by Audit Integrity. There are 148 publicly traded REITs in the United States.
"Home Properties' philosophy always has been to employ conservative financial and management practices and be fully transparent in our financial disclosure," said Edward J. Pettinella, Home Properties President and CEO. "We were very pleased to be named one of the most trustworthy companies, affirmation that we are doing the right thing."
Audit Integrity utilizes more than 100 factors to help it assess the quality of corporate accounting and management practices.
Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in selected Northeast and Mid-Atlantic markets. Currently, Home Properties operates 113 communities containing 38,019 apartment units. Of these, 37,151 units in 112 communities are owned directly by the Company and 868 units are partially owned and managed by the Company as general partner. For more information, visit Home Properties' website at homeproperties.com.
SOURCE Home Properties
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