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.
The Millrose Properties, Inc. (NYSE: MRP) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Millrose is a residential-focused real estate investment trust that operates a Homesite Option Purchase Platform for homebuilders, and its filings offer detailed insight into how this model is structured and financed.
Current and periodic reports such as Form 8-K, Form 10-Q and Form 10-K (when available) describe Millrose’s option fee revenues, development loan income, homesite inventory, Invested Capital and non-GAAP measures like Adjusted Funds From Operations (AFFO). These documents also explain how the company defines Invested Capital and AFFO, how it calculates portfolio yields and how it evaluates its REIT performance.
Millrose’s filings further outline its capital structure and debt arrangements. Form 8-K reports have detailed the company’s revolving credit agreement, delayed draw term loan facility and senior notes offerings, including interest rates, maturities, redemption provisions and key covenants. Credit agreements and indentures filed as exhibits describe leverage and interest coverage requirements, collateral arrangements and conditions related to maintaining REIT status.
Investors can also review filings related to dividends and corporate actions. Millrose has filed Form 8-Ks announcing quarterly cash dividends on its Class A and Class B common stock, specifying record and payment dates. Other filings address its spin-off from Lennar, the Lennar Master Program Agreement and Lennar’s exchange offer involving Millrose Class A common stock, which together provide context on Millrose’s shareholder base and strategic relationship with Lennar.
Stock Titan enhances these filings with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly understand the implications of new credit facilities, notes offerings, earnings releases or dividend declarations. Real-time updates from EDGAR ensure that new Millrose 8-Ks, 10-Qs, 10-Ks and related exhibits appear promptly, while Form 4 and other ownership reports can be used to monitor insider transactions when they are filed.
By using this page, investors and researchers can examine the official record of how Millrose structures its homesite option platform, manages leverage and liquidity, defines its non-GAAP metrics and administers its REIT distribution policy, all based on primary SEC disclosures.
Brave Warrior Advisors, LLC disclosed a significant passive stake in Millrose Properties, Inc. Class A common stock. The investment adviser reports beneficial ownership of 8,600,224 shares, representing 5.58% of the Class A common stock outstanding as of the event date. Brave Warrior has sole power to vote and dispose of all reported shares, with no shared voting or dispositive power. The firm certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Millrose Properties.
Millrose Properties, Inc. disclosed that its Board of Directors has declared a quarterly cash dividend of $0.75 per share. The dividend applies to both the company’s Class A and Class B common stock. It will be paid on January 15, 2026 to stockholders who are on record as of the close of business on January 5, 2026. The company also furnished a press release with further details as an exhibit.
Millrose Properties, Inc. reported an insider equity award for a director. On December 10, 2025, the company granted 6,451 restricted stock units (RSUs) of its Class A Common Stock to a director under its 2024 Omnibus Incentive Plan at a price of $0, reflecting a compensatory grant rather than a market purchase. Following this award, the director beneficially owns 37,111 Class A shares.
The RSUs convert into Class A Common Stock on a 1-for-1 basis. Half of the RSUs vest on the earlier of April 3, 2026 or the first annual stockholder meeting after the grant date, and the remaining half vest on the earlier of April 3, 2027 or the second such annual meeting, subject to the director’s continuous service.
Millrose Properties, Inc. reported an equity award to one of its directors. On December 10, 2025, the company granted 6,451 restricted stock units (RSUs) of its Class A Common Stock under the 2024 Omnibus Incentive Plan. Each RSU converts into one share of Class A Common Stock.
According to the vesting schedule, 50% of the RSUs will vest on the earlier of April 3, 2026 or the first annual stockholder meeting after the grant date. The remaining 50% will vest on the earlier of April 3, 2027 or the second annual stockholder meeting after the grant date, subject to the director’s continuous service. After this grant, the director beneficially owns 15,961 shares of Class A Common Stock directly.
Millrose Properties, Inc. reported that one of its directors received a grant of 6,451 restricted stock units (RSUs) of Class A common stock under the company’s 2024 Omnibus Incentive Plan on December 10, 2025. These RSUs convert into shares on a 1-for-1 basis.
Half of the RSUs are scheduled to vest on the earlier of April 3, 2026 or the first annual stockholder meeting after the grant date, and the remaining half on the earlier of April 3, 2027 or the second such annual meeting. Vesting depends on the director continuing to serve on the board through the applicable vesting dates. After this grant, the reporting person beneficially owns 24,611 shares of Class A common stock directly.
Millrose Properties, Inc. reported that one of its directors received an equity grant in the form of restricted stock units. On December 10, 2025, the director was granted 6,451 RSUs under the company’s 2024 Omnibus Incentive Plan at a price of $0 per unit, increasing the director’s beneficial ownership to 23,436 shares of Class A common stock.
The RSUs convert into Class A common shares on a 1-for-1 basis and vest in two equal tranches. Half of the units vest on the earlier of April 3, 2026 or the first annual stockholder meeting after the grant date, and the remaining half vest on the earlier of April 3, 2027 or the second annual stockholder meeting after the grant date. Vesting is conditioned on the director’s continuous service on the board through the applicable vesting dates.
Millrose Properties, Inc. reported an equity compensation grant to one of its directors. On December 10, 2025, the director received 6,451 restricted stock units (RSUs) under the company’s 2024 Omnibus Incentive Plan. Each RSU converts into one share of Class A common stock.
Half of the RSUs vest on the earlier of April 3, 2026 or the first annual stockholder meeting after the grant date. The remaining half vest on the earlier of April 3, 2027 or the company’s second annual stockholder meeting after the grant. Vesting requires the director to continue serving on the board through the applicable vesting dates. After this grant, the director beneficially owns 12,111 Class A common shares directly.
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 18,303,135 shares of Millrose Properties, Inc. Class A stock as of 11/30/2025, representing 11.9% of the class. BlackRock reports sole voting power over 17,955,695 shares and sole dispositive power over 18,303,135 shares, with no shared voting or dispositive power.
The filing notes that the securities are held by certain BlackRock business units in the ordinary course of business and are not held for the purpose of changing or influencing control of Millrose Properties. It also discloses that iShares Core S&P Small-Cap ETF holds more than five percent of Millrose Properties’ outstanding common stock.
Millrose Properties, Inc. insider Lennar Corporation, a more than 10% owner, reported a large share transfer tied to an exchange offer. On November 26, 2025, Lennar confirmed that 8,049,594 shares of Lennar Class A common stock tendered by its shareholders were accepted in exchange for 33,298,754 shares of Millrose Class A common stock, reflecting a final exchange ratio of 4.1367 Millrose shares for each Lennar share.
Following this transaction, Lennar reported beneficial ownership of 1,794 shares of Millrose Class A common stock held directly. This balance includes 100,495 Millrose Class A shares that were previously returned to Lennar when employees forfeited unvested restricted stock awards created in connection with the February 7, 2025 spin-off of Millrose from Lennar. These shares remain subject to the original vesting and forfeiture conditions.
Lennar Corporation has largely exited its stake in Millrose Properties, Inc. The company filed an amended Schedule 13D showing it now beneficially owns 1,794 shares of Millrose Class A common stock, representing 0.0% of the class based on 154,183,686 outstanding shares as of October 23, 2025.
This change follows a previously announced exchange offer completed on November 26, 2025, in which Lennar exchanged 33,298,754 shares of Millrose Class A common stock for 8,049,594 shares of Lennar Class A common stock at an exchange ratio of 4.1367 Millrose shares for each Lennar share. Lennar also holds 7,063 shares of Millrose Class B common stock that were forfeited back by certain employees, but these are not counted in the Class A ownership calculation.
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