Millrose Properties, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Darren Lewis Richman
- Full Time Employees
- - -
- Sector
- Finance
- Industry
- Real estate development
- Address
- 600 Brickell Avenue Miami FL United States 33131
- IPO Date
- Feb 5, 2025
- CIK
- 0002017206
- Website
- millroseproperties.com
- Similar Companies
- Business
- Millrose Properties, Inc. (NYSE: MRP) operates as a first-of-its-kind publicly traded Homesite Option Purchase Platform (HOPP’R) that acquires, develops residential land, and sells finished homesites to homebuilders through option contracts with predetermined costs and takedown schedules; provides operational and capital solutions for land acquisition and horizontal development, including infrastructure such as drainage, sewage, water lines, roads, sidewalks, utility lines, grading, landscaping, and amenities; and recycles capital from homesite sales into new land positions to support homebuilders' asset-light strategies and community growth. The company generates recurring income from monthly option payments and serves primarily Lennar Corporation while expanding to other homebuilders and developers across the United States. Founded in 2024 and headquartered at 600 Brickell Avenue, Suite 1400, Miami, Florida, Millrose qualifies as a real estate investment trust (REIT) focused on residential land banking for the U.S. homebuilding sector. Externally managed by Kennedy Lewis Land and Residential Advisors LLC, an affiliate of Kennedy Lewis Investment Management, Millrose completed a taxable spin-off from Lennar in February 2025, receiving $5.5 billion in land assets and $1.0 billion in cash for a book value of approximately $5.8 billion; subsequently acquired approximately 24,000 homesites from Rausch Coleman Homes for $900 million and provided committed land banking capital support for New Home's $1.2 billion acquisition of Landsea Homes Corporation; and expanded partnerships to 12 distinct counterparties, including $770 million in funding outside its Lennar Master Program Agreement as of Q3 2025.
Company News
INVESTOR DEADLINE: Millrose Properties, Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit Before December 8, 2026 Deadline - MRP
Kaplan Fox Advises Millrose Properties, Inc. (MRP) Investors to Act Before the Lead Plaintiff Deadline on December 8, 2026
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Millrose Properties, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - MRP
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Millrose Properties, Inc. (MRP)
Did You Lose Money Investing in Millrose Properties, Inc.? Robbins LLP Urges Investors with Significant Losses to Contact the Firm for Information About Their Rights Against MRP
What's Next for Millrose Properties, Inc. Shareholders After 8.53% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline
What's Next for Millrose Properties, Inc. Shareholders After 8.53% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline
Kaplan Fox Urges Investors of Millrose Properties, Inc. (NYSE: MRP) with Significant Losses to Seek a Leadership Role Before December 8, 2026
SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against Millrose Properties, Inc. (MRP) -- Investors Who Suffered Losses Are Encouraged to Contact the Firm.
MRP Shareholder Alert: Millrose Properties, Inc. Securities Class Action Lawsuit - Investors With Losses May Contact Levi & Korsinsky
MRP Shareholder Alert: Millrose Properties, Inc. Securities Class Action Lawsuit - Investors With Losses May Contact Levi & Korsinsky
Kaplan Fox Announces a Securities Class Action Filed Against Millrose Properties, Inc. (MRP) - Lead Plaintiff Deadline is December 8, 2026
Millrose Properties, Inc. Securities Fraud Class Action Result of Undisclosed Rental Home Business and 8.5% Stock Decline - Investors may Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC
MRP INVESTOR DEADLINE: Millrose Properties, Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit Before December 8, 2026 Deadline
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Millrose Properties, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - MRP
What Does Millrose Properties, Inc.'s 8.53% Stock Drop Mean for Investors? The Law Offices of Howard G.
MRP Investors Have Opportunity to Lead Millrose Properties, Inc. Securities Fraud Lawsuit with SBS Law
SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of December 8, 2026 in Millrose Properties, Inc. Lawsuit - MRP
MRP INVESTORS: Contact Kirby McInerney LLP About the Securities Fraud Lawsuit Filed on Behalf of Millrose Properties, Inc Shareholders
Kaplan Fox Alerts Investors of Millrose Properties, Inc. (MRP) with Significant Losses to a Securities Class Action Deadline on December 8, 2026