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Millrose Properties, Inc. SEC Filings

MRP NYSE

Welcome to our dedicated page for Millrose Properties SEC filings (Ticker: MRP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

Trying to decode how Millrose Properties turns raw land into recurring cash flow? The company’s 10-K and 10-Q filings pack dense discussions of homesite option contracts, entitlement timelines, and capital-light accounting that can slow even seasoned analysts. That’s why this SEC filings hub pairs every document with Stock Titan’s AI-powered summaries, turning technical revenue-recognition notes into plain English.

Need the latest details on a financing amendment or land acquisition? Our real-time feed pulls each Millrose Properties 8-K material events explained update the moment it hits EDGAR. Tracking management confidence is just as simple: receive instant alerts on Millrose Properties insider trading Form 4 transactions and compare executive stock transactions Form 4 against upcoming quarterly milestones. For investors focused on liquidity trends, the platform links each Millrose Properties quarterly earnings report 10-Q filing to interactive charts, while the Millrose Properties annual report 10-K simplified narrative highlights option payment backlogs and segment margins.

Use cases extend beyond headline numbers. Quickly locate covenant ratios buried in footnotes, review the Millrose Properties proxy statement executive compensation tables, or scan our AI notes on risk factors tied to residential demand. Whether you’re preparing a valuation model or answering a client’s question about understanding Millrose Properties SEC documents with AI, this page delivers comprehensive coverage—every form type, indexed, searchable, and explained simply.

Rhea-AI Summary

Millrose Properties (NYSE:MRP) filed an 8-K announcing entry into a $1.0 billion delayed-draw term loan with Goldman Sachs Bank USA and other lenders, maturing June 23 2026. The facility will finance the previously disclosed homesite portfolio acquisition linked to New Home’s takeover of Landsea Homes and may also repay revolver borrowings. Pricing floats at Adjusted Term SOFR plus 2.00%-3.25% based on leverage and seasoning, with an alternate base-rate option 100 bps lower. Debt is secured by intercompany notes and equity pledges that rank pari passu with the existing revolver under an intercreditor agreement. Quarterly covenants impose maximum leverage, minimum interest coverage and tangible net worth thresholds; mandatory prepayments apply to certain asset sales and capital raises. An event of default may occur if the external manager is replaced without lender consent. No subsidiaries initially guarantee the loan, but future non-TRS entities may be required to do so. Exhibit 10.1 contains the full credit agreement.

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FAQ

What is the current stock price of Millrose Properties (MRP)?

The current stock price of Millrose Properties (MRP) is $28.72 as of June 28, 2025.

What is the market cap of Millrose Properties (MRP)?

The market cap of Millrose Properties (MRP) is approximately 4.7B.

What is the core business of Millrose Properties, Inc.?

Millrose Properties, Inc. is a holding company that provides operational and capital solutions for financing the acquisition and development of land assets, primarily for home builders.

How does Millrose generate its revenue?

The company generates revenue mainly through recurring option payments under purchase contracts with its homebuilder clients, ensuring a consistent income stream.

What is the Homesite Option Purchase Platform?

It is an innovative mechanism designed to finance land purchases and development by structuring homesite option agreements, allowing homebuilders to secure pre-developed land aligned with their construction schedules.

How does Millrose manage development and entitlement risks?

Millrose manages risks by treating its assets as work-in-process inventory, which shifts the focus from traditional land banking and reduces exposure to entitlement and development uncertainties.

What differentiates Millrose from traditional land banks?

Unlike traditional land banks, Millrose recycles capital through its structured option purchase contracts and operates with an asset-light model that aligns closely with homebuilders' operational needs.

Who typically benefits from Millrose's services?

Home builders and land development companies benefit from Millrose's services as the company offers a tailored financial solution that ensures timely access to pre-developed residential land.

Is Millrose open to partnerships beyond its primary client?

While the primary business model has been centered around key home builders, the structured nature of its platform is designed to attract additional developers looking for efficient, capital-recycling solutions.

What role does external management play at Millrose?

External management, provided by a firm with deep financial expertise and industry relationships, plays a crucial role in executing and expanding the company’s operational strategies while ensuring robust due diligence.
Millrose Properties, Inc.

NYSE:MRP

MRP Rankings

MRP Stock Data

4.68B
89.78M
22.26%
32.61%
1.59%
REIT - Residential
Real Estate
Link
United States
CHEVY CHASE