Security
Millrose Properties, Inc. · MRP
MRPNYSECommon stockCurrentCIK 2017206Updated Nov 6, 2026
MRP price & chart
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NYSE:MRP on TradingView ↗About the company
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 …
In the news
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Millrose Properties, Inc. of Class Action Lawsuit and Upcoming Deadlines - MRP ↗
MRP Investors Have Opportunity to Lead Millrose Properties, Inc. Securities Fraud Lawsuit ↗
INVESTOR ALERT: Millrose Properties, Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit Before December 8, 2026 Deadline - MRP ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure · Other Events
Items 2.02, 7.01, 8.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Other Events
Items 8.01, 9.01
Show 5 more recent filings
Other Events
Items 8.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
4 filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| AssetsUSD | 9,023,737,000Source | — | 9,707,302,000Source | 7,973,646,000Source | — | 9,570,049,000Source | 7,152,356,000Source | — | 9,258,107,000Source | 5,465,290,000Source |
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 242,578,000Source | — | 34,171,000Source | 66,575,000Source | — | 49,276,000Source | 89,523,000Source | — | 35,046,000Source | 0Source |
| Inventory, NetUSD | 8,360,431,000Source | — | — | 7,845,178,000Source | — | — | 6,998,924,000Source | — | — | 5,465,290,000Source |
| LIABILITIES AND EQUITY | ||||||||||
| LiabilitiesUSD | 3,165,421,000Source | — | 3,855,466,000Source | 2,099,397,000Source | — | 3,716,420,000Source | 1,276,505,000Source | — | 3,401,845,000Source | 306,918,000Source |
| Stockholders’ equity: | ||||||||||
| Additional Paid in CapitalUSD | 5,872,876,000Source | — | 5,873,916,000Source | 5,872,687,000Source | — | 5,873,733,000Source | 5,872,506,000Source | — | 5,873,087,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 5,858,316,000Source | 4,042,760,000Source | 5,851,836,000Source | 5,874,249,000Source | 3,769,154,000Source | 5,853,629,000Source | 5,875,851,000Source | 4,242,853,000Source | 5,856,262,000Source | 5,158,372,000Source |
| Liabilities and EquityUSD | 9,023,737,000Source | — | 9,707,302,000Source | 7,973,646,000Source | — | 9,570,049,000Source | 7,152,356,000Source | — | 9,258,107,000Source | 5,465,290,000Source |
| Deferred Income Tax Liabilities, NetUSD | 71,833,000Source | — | 84,554,000Source | 56,913,000Source | — | 81,957,000Source | 56,890,000Source | — | 77,333,000Source | — |
| Additional Financial Items | ||||||||||
| Deferred Tax Liabilities, NetUSD | 71,833,000Source | — | 84,554,000Source | 56,913,000Source | — | 81,957,000Source | 56,890,000Source | — | 77,333,000Source | — |
| Dividends Payable, CurrentUSD | — | — | 100,000Source | — | — | 100,000Source | — | — | 100,000Source | — |
| Dividends PayableUSD | 121,183,000Source | — | 127,857,000Source | 114,542,000Source | — | 126,162,000Source | 63,081,000Source | — | 124,503,000Source | — |
| Retained Earnings (Accumulated Deficit) | — | — | — | —Source | — | — | —Source | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 122,884,000Source | 39,806,000Source | 379,864,000Source | -246,221,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 692,000Source | — | 677,000Source | 14,937,000Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | — | — | — | 716,073,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 14,920,000Source | 0Source | 2,597,000Source | 24,000Source | 4,624,000Source | 65,000Source | 20,509,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 797,301,000Source | 713,733,000Source | 3,672,821,000Source | -917,194,000Source |
| Cash flows from investing activities: | ||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -962,020,000Source | -1,298,654,000Source | -5,722,234,000Source | — |
| Cash flows from financing activities: | ||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 178,949,000Source | 674,444,000Source | 2,084,459,000Source | 917,194,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 124,503,000Source | — | 298,806,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 14,230,000Source | 89,523,000Source | 35,046,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 242,578,000Source | — | 34,171,000Source | 66,575,000Source | 49,276,000Source | 89,523,000Source | 35,046,000Source | 0Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 66,322,000Source | 571,000Source | 23,942,000Source | — |
| Income Taxes Paid, NetUSD | — | — | — | — | 0Source | — | 0Source | — | 8,500,000Source | — |
| Additional Financial Items | ||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | 2,342,000Source | 157,000Source | 20,273,000Source | — |
| Dividends Payable, CurrentUSD | — | — | — | — | 100,000Source | — | 100,000Source | — | 100,000Source | — |
| Dividends PayableUSD | — | — | 121,183,000Source | — | 127,857,000Source | 114,542,000Source | 126,162,000Source | 63,081,000Source | 124,503,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | 5,862,000Source | 0Source | 2,456,000Source | 4,768,000Source | 5,037,000Source | 4,380,000Source | 20,509,000Source | — |
| InterestExpenseNonoperatingUSD | — | — | 43,748,000Source | — | 40,014,000Source | 10,285,000Source | 39,212,000Source | 2,536,000Source | 91,792,000Source | — |
| Investment Income, InterestUSD | — | — | 2,450,000Source | — | 1,108,000Source | 1,818,000Source | 1,128,000Source | 1,088,000Source | 7,702,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 105,060,000Source | -63,670,000Source | 125,881,000Source | 112,760,000Source | 122,884,000Source | 39,806,000Source | 379,864,000Source | -246,221,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 105,060,000Source | -63,670,000Source | 125,881,000Source | 112,760,000Source | 122,884,000Source | 64,766,000Source | 404,824,000Source | -246,221,000Source |
| Nonoperating Income (Expense)USD | — | — | -41,914,000Source | — | -39,297,000Source | -9,333,000Source | -38,163,000Source | -1,448,000Source | -85,695,000Source | — |
| Operating ExpensesUSD | — | — | 26,424,000Source | 63,670,000Source | 29,219,000Source | 22,141,000Source | 28,845,000Source | 37,064,000Source | 114,393,000Source | 246,221,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -616,000Source | — | -391,000Source | -866,000Source | -79,000Source | — | -1,605,000Source | — |
| Share-based Payment Arrangement, Expense | — | — | —Source | — | — | —Source | — | — | — | — |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | —Source | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 179,260,000Source | — | 196,853,000Source | 149,002,000Source | 194,929,000Source | 82,698,000Source | 600,461,000Source | — |
| Selling, General and Administrative ExpenseUSD | — | — | — | 63,700,000Source | — | — | — | — | 25,000,000Source | 246,200,000Source |
| Operating Income (Loss)USD | — | — | 152,836,000Source | -63,670,000Source | 167,634,000Source | 126,861,000Source | 166,084,000Source | 45,634,000Source | 486,068,000Source | -246,221,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -616,000Source | — | -391,000Source | -866,000Source | -79,000Source | — | -1,605,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 110,922,000Source | -63,670,000Source | 128,337,000Source | 117,528,000Source | 127,921,000Source | 44,186,000Source | 400,373,000Source | -246,221,000Source |
| Income Tax Expense (Benefit)USD | — | — | 5,862,000Source | 0Source | 2,456,000Source | 4,768,000Source | 5,037,000Source | 4,380,000Source | 20,509,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 105,060,000Source | -63,670,000Source | 125,881,000Source | 112,760,000Source | 122,884,000Source | 39,806,000Source | 379,864,000Source | -246,221,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.63Source | — | 0.76Source | 0.68Source | 0.74Source | 0.39Source | 2.44Source | — |
| Earnings Per Share, DilutedUSD per share | — | — | 0.63Source | — | 0.76Source | 0.68Source | 0.74Source | 0.39Source | 2.44Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 166,003,497Source | — | 166,046,951Source | 166,003,497Source | 166,003,497Source | 166,003,497Source | 166,003,497Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 166,031,797Source | — | 166,060,914Source | 166,031,175Source | 166,027,250Source | 166,003,497Source | 166,026,608Source | — |
| Interest Expense (non-operating)USD | — | — | 43,748,000Source | — | 40,014,000Source | 10,285,000Source | 39,212,000Source | 2,536,000Source | 91,792,000Source | — |
| Additional Financial Items | ||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | — | — | 0.77Source | 0.69Source | 0.76Source | 0.38Source | 2.55Source | — |
| Investment Income, InterestUSD | — | — | 2,450,000Source | — | 1,108,000Source | 1,818,000Source | 1,128,000Source | 1,088,000Source | 7,702,000Source | — |
| Management Fee ExpenseUSD | — | — | 25,895,000Source | — | 29,909,000Source | 21,960,000Source | 28,153,000Source | 12,104,000Source | 87,751,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 105,060,000Source | -63,670,000Source | 125,881,000Source | 112,760,000Source | 122,884,000Source | 64,766,000Source | 404,824,000Source | -246,221,000Source |
| Nonoperating Income (Expense)USD | — | — | -41,914,000Source | — | -39,297,000Source | -9,333,000Source | -38,163,000Source | -1,448,000Source | -85,695,000Source | — |
| Operating ExpensesUSD | — | — | 26,424,000Source | 63,670,000Source | 29,219,000Source | 22,141,000Source | 28,845,000Source | 37,064,000Source | 114,393,000Source | 246,221,000Source |
| Current Income Tax Expense (Benefit) | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — |
| Other Expenses | — | — | — | — | —Source | —Source | —Source | — | — | — |
Offerings
Registration 333-294781
Registration 333-290810
Registration 333-283883
- Offering price
- market-price
- Ticker
- MRP
Filing attachments
ck0002017206-ex99_1.htm · 8-K · 2026-10-27
Exhibit 99.1 Millrose Properties Reports Third Quarter 2026 Financial Results Record Third Quarter Net Income of $130 Million, or $0.78 Per Share Third Quarter AFFO of $0.80 Per Share, the Sixth Consecutive Quarterly AFFO Increase; Raises Fourth Quarter AFFO Outlook to $0.82 to $0.84 Per Share Board of Directors Authorized a New $250 Million Share Repurchase Program Expanded Counterparty Base to 22 Homebuilder and Developer Relationships and Redeployed $1.3 Billion in Land Acquisitions and…
Read attachment ↗ck0002017206-ex99_2.htm · 8-K · 2026-10-27
Third Quarter 2026 Earnings Presentation Exhibit 99.2 Disclaimer This disclaimer applies to this document and the verbal comments of any person presenting it. This presentation, together with any such oral or written comments, is referred to herein as the “Presentation.” Forward-Looking Statements This Presentation relating to Millrose Properties, Inc. (“Millrose,” “we,” “our,” “us,” “MRP,” or the “Company”) contains certain “forward-looking statements” within the meaning of Section 27A of the …
Read attachment ↗d151159dex41.htm · 8-K · 2026-10-06
Exhibit 4.1 Execution Version INDENTURE Dated as of October 6, 2026 Among MILLROSE PROPERTIES, INC., THE SUBSIDIARY GUARANTORS PARTY HERETO and CITIBANK, N.A., as Trustee 6.500% SENIOR NOTES DUE 2029 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.01 …
Read attachment ↗d151159dex42.htm · 8-K · 2026-10-06
Exhibit 4.2 Execution Version INDENTURE Dated as of October 6, 2026 Among MILLROSE PROPERTIES, INC., THE SUBSIDIARY GUARANTORS PARTY HERETO and CITIBANK, N.A., as Trustee 6.750% SENIOR NOTES DUE 2031 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.01 …
Read attachment ↗ck0002017206-ex99_1.htm · 8-K · 2026-09-23
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 anno…
Read attachment ↗d126321dex991.htm · 8-K · 2026-09-23
Exhibit 99.1 Millrose Properties, Inc. Announces Pricing of $1.0 Billion Senior Notes Offering Miami, Florida - September 22, 2026 - Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today the pricing of its private offering (the “Offering”) of $1.0 billion in aggregate principal amount of senior notes in two separate tranches, one representing $500.0 million in aggregate principal amount of 6.500% senior notes due 2029 (the “2029 Notes”) and the other representing …
Read attachment ↗