Millrose Properties, Inc.
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- 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.
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
Buy 6 June Dividend Power Dogs
GE Vernova, Estée Lauder, A Health Care Stock And More On CNBC's 'Final Trades'
Millrose Properties: The 11% Yield Is Attractive, But Governance Risk Limits The Upside
Inflation Reignites, Yields Spike
Millrose Properties Q1 Earnings Call Highlights
Millrose Properties Announces Land Banking Capital Support for Dream Finders Homes' Proposed Acquisition of Beazer Homes
Millrose Properties: Solid Income Prospects With Limited Growth
Millrose Properties, Inc. (MRP) Q1 2026 Earnings Call Transcript
Millrose Properties Reports First Quarter 2026 Financial Results
Millrose Properties: Near-Term Volatility, 10% Yield, And Strong Growth Expectations Give Long-Term Appeal
Millrose Properties Announces Date of First Quarter 2026 Earnings Release and Conference Call
REIT Replay: U.S. REIT Indexes Continue To Climb During Week Ended April 10
A Fragile Truce
Top 3 REITs For Reliable Income In Volatile Markets
Analyzing Active Power (OTCMKTS:PIOE) & Millrose Properties (NYSE:MRP)
Greenhaven Associates Liquidates $138 Million Stake in Millrose Properties, According to Recent SEC Filing
REITs Have Been Rocked, These 4 Now Pay Up To 14.6%