Exhibit 99.1 Millrose Properties Announces Quarterly Dividend Payment MIAMI - September 23, 2026 - Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the homesite option platform for residential homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of approximately $131.2 million, or $0.79, per share of Class A and Class B common stock. The dividend will be paid on October 15, 2026, to shareholders of record as October 5, 2026. "We're pleased to announce another quarterly dividend increase, reflecting the continued growth of the platform. Millrose has continued to gain share as the housing industry's leading homesite platform, underpinned by our expanding base of long-term builder relationships, proprietary technology, and rigorous independent due diligence," said Darren Richman, Chief Executive Officer and President of Millrose Properties. About Millrose Properties, Inc. Millrose (NYSE: MRP) is the premier homesite option platform for residential homebuilders. The company specializes in the acquisition and horizontal development of land to provide a predictable, just-in-time supply of finished homesites - the most scarce and mission-…
Open exhibit ↗Current Report · Items 7.01, 8.01, 9.01 · 8-K
Millrose Properties, Inc.
MRPNYSEEQUITYCurrent
Regulation FD Disclosure · Other Events
Item 7.01 Regulation FD Disclosure. On September 23, 2026, Millrose Properties, Inc. (the “Company”) issued a press release announcing its upcoming quarterly dividend distribution. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Company context
Millrose’s self-financing recycled capital business model is a unique feature of Millrose’s solution to traditional Land Banking, and is made possible by (a) the use of the HOPP’R to operate and manage the acquisition, financing and Horizontal Development of land assets on a large scale and (b) Lennar’s initial contribution of the Business Assets in return for equity — allowing Millrose access to assets and cash to finance new land acquisitions without having to repay the initial contribution. As part of the Spin-Off, Millrose will receive the Business Assets from Lennar, consisting of (i) the use of the HOPP’R and related intellectual property rights, including the HOPP’R trademark rights (the “HOPP’R Rights”); (ii) approximately $5.0-6.0 billion of developable Homesites and prospective Homesites that, in the aggregate, we believe have a relatively short and reliable expected cash conversion cycle, as described under “Our Properties” (the “Transferred Assets”); (iii) the “Lennar Services,” which give Millrose access to the land acquisition and Horizontal Development skillsets, knowledge, experience and expertise of Lennar’s personnel; and (iv) the “Cash Contribution” of (a) up to approximately $500 million in cash and (b) an additional approximately $500 million in cash as payment on the Option Deposits by Lennar to Millrose in connection with the contribution of the Transferred Assets pursuant to the Lennar Agreements. Following the Spin-Off on or about the Distribution Dat