Home Properties (Home Properties) Interest Expense : $-99.7 Mil (TTM As of Jun. 2015)

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What is Home Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Home Properties's interest expense for the three months ended in Jun. 2015 was $ -25.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-99.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Home Properties's Operating Income for the three months ended in Jun. 2015 was $ 31.2 Mil. Home Properties's Interest Expense for the three months ended in Jun. 2015 was $ -25.1 Mil. Home Properties's Interest Coverage for the quarter that ended in Jun. 2015 was 1.24. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Home Properties Interest Expense Historical Data

The historical data trend for Home Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Home Properties Interest Expense Chart

Home Properties Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Interest Expense

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-124.13

-127.62

-123.87

-110.08

-99.64

Home Properties Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Interest Expense	Get a 7-Day Free Trial															-24.72	-25.06	-24.05	-25.49	-25.13

Home Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-99.7 Mil.

Home Properties (NYSE:HME) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Home Properties's Interest Expense for the three months ended in Jun. 2015 was $-25.1 Mil. Its Operating Income for the three months ended in Jun. 2015 was $31.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2015 was $2,111.3 Mil.

Home Properties's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2015 )	/	Interest Expense (Q: Jun. 2015 )
	=	-1	*	31.15	/	-25.13
	=	1.24

The higher the ratio, the stronger the company's financial strength is.

Home Properties (Home Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Home Properties Inc (NYSE:HME) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.homeproperties.com

Home Properties Inc was formed in November 1993, as a Maryland corporation. The Company completed an initial public offering on August 4, 1994 It is a self-administered and self-managed real estate investment trust. It owns, operates, acquires, develops and rehabilitates apartment communities. The Company's properties are regionally focused, primarily in selected Northeast and Mid-Atlantic regions of the United States. The Company competes with other real estate investors in seeking property for acquisition and development. These competitors include pension and investment funds, insurance companies, private investors, local owners and developers, and other apartment REITs.

Executives

Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Michael D Barnello	director	LASALLE HOTEL PROPERTIES, 4800 MONTGOMERY LANE STE M25, BETHESDA MD 20814
Stephen R Blank	director	201 W NORTH RIVER DRIVE SUITE 100, SPOKANE WA 99201
Alan L Gosule	director	C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Lydon Thomas P Jr	director	HOME PROPERTIES, INC., 850 CLINTON SQUARE, ROCHESTER NY 14604
Edward J Pettinella	director, officer: CEO	C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Charles John Koch	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Amy L Tait	director	C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Josh E Fidler	director	4750 OWINGS MILLS BLVD., OWINGS MILLS MD 21117
Paul L Smith	director	C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Thomas S Summer	director	C/O CONSTELLATION BRANDS, INC., 370 WOODCLIFF DRIVE, SUITE 300, FAIRPORT NY 14450