Millrose Properties, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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 L. Richman
- Full Time Employees
- 11
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 600 Brickell Avenue Miami FL United States of America 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
Millrose Properties: New Builder Capital Earns 210 Basis Points More
Dimensional Fund Advisors LP Sells 422,152 Shares of Millrose Properties, Inc. $MRP
Buy 9 August Dividend Power Dogs
Millrose Properties to Provide Capital Support for Dream Finders Homes' Announced Acquisition of Beazer Homes with Up to $1.25 Billion Commitment
Millrose Properties to Provide Capital Support for Dream Finders Homes' Announced Acquisition of Beazer Homes with Up to $1.25 Billion Commitment
Millrose Properties Q2 Earnings Call Highlights
Millrose Properties, Inc. (MRP) Q2 2026 Earnings Call Transcript
Millrose Properties: A Secure Dividend And Capital Appreciation Potential
Millrose Properties Reports Second Quarter 2026 Financial Results
Millrose Properties to Provide Permanent Capital Solution to JPI for Multifamily Housing Development
Bessemer Group Inc. Sells 118,588 Shares of Millrose Properties, Inc. $MRP
Comparing Millrose Properties (NYSE:MRP) and Offerpad Solutions (NYSE:OPAD)
Millrose Properties Announces Date of Second Quarter 2026 Earnings Release and Conference Call
Dividend Power: 6 'Safer' Ideal Dogs To Buy In July
Millrose Properties: Trading Below Book Value, With Income And Upside Potential
Millrose: A Near 11% Yield Trading At A Bargain Price
Millrose Properties Announces Quarterly Dividend Payment
Millrose Properties: Recurring Revenue And An Attractive Yield Profile
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