SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):
                                June 30, 2004

                              HOME PROPERTIES, INC.
             (Exact name of Registrant as specified in its Charter)



         MARYLAND                    1-13136 No.               16-1455126
(State or other jurisdiction         (Commission              (IRS Employer
of incorporation)                    File Number)         Identification Number)


                  850 Clinton Square, Rochester, New York 14604
                             www.homeproperties.com
           (Address of principal executive offices and internet site)

                                 (585) 546-4900
              (Registrant's telephone number, including area code)






ITEM 7.       FINANCIAL STATEMENTS AND EXHIBITS.

              c.  Exhibits

                  Exhibit 99.1      Press Release

ITEM 12.      RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On June 30, 2004,  the  Registrant  issued a press release  announcing its
results for the second  quarter of 2004.  The related  press release is attached
hereto  as  Exhibit  99.1.  The  information  in this  Current  Report  is being
furnished pursuant to Item 12, Results of Operations and Financial Condition.

     The attached  press release  includes a  presentation  of Home  Properties'
Funds from Operations ("FFO") and Net Operating Income ("NOI"). FFO does and NOI
may fall within the definition of "non-GAAP financial measure" set forth in Item
10(e) of Regulation S-K and as a result Home Properties is or may be required to
include in this Current Report a statement disclosing the reasons why management
believes that  presentation  of these measures  provides  useful  information to
investors.  The  Company  believes  that  FFO  is  helpful  to  investors  as  a
supplemental  measure of the  operating  performance  of a real  estate  company
because,  along with cash flows from operating activities,  financing activities
and investing activities,  it provides investors an understanding of the ability
of the Company to incur and service debt and to make capital expenditures.  Home
Properties  believes that NOI is helpful to investors as a supplemental  measure
of the operating  performance  of a real estate  company  because it is a direct
measure of the actual operating results of the Company's  apartment  properties.
The Company also uses these two measures to compare its  performance  to that of
its peer group.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Dated:  August 6, 2004          HOME PROPERTIES, INC.
                                (Registrant)


                                By:          /s/ David P. Gardner
                                     -------------------------------------------
                                     David P. Gardner, Executive Vice President
                                     and Chief Financial Officer