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.
Millrose Properties, Inc. (MRP) reported that on August 27, 2026 it amended two key agreements governing its structure and operations. The company and Lennar entities executed an Amendment to the Founder’s Rights Agreement, revising how the Priority Amount is used for the Capital Priority Right and for Lennar’s secured financing collateral consent right.
On the same date, Millrose Properties and its external manager, Kennedy Lewis Land and Residential Advisors LLC, entered into an Amendment to the Management Agreement. This amendment updates the scope of the investment guidelines and changes the definition of Reimbursable Expenses under the management arrangement.
Carlos A. Migoya, a director of Millrose Properties, Inc., purchased 1,000 shares of Class A Common Stock on August 7, 2026 at $29.18 per share in an open market or private transaction. Following this buy, his directly held stake increased to 30,075 shares.
Millrose Properties, Inc. director Matthew B. Gorson purchased 3,000 shares of Class A Common Stock on 2026-08-10 at $28.80 per share in a purchase described as an open market or private transaction. Following this buy, his directly held stake increased to 38,750 shares. The Rule 10b5-1 trading plan affirmation checkbox was not marked, so the purchase is not identified as being made under such a plan.
FMR LLC and Abigail P. Johnson report beneficial ownership of CLASS A COMMON STOCK of MILLROSE PROPERTIES INC REIT on a Schedule 13G. FMR LLC reports beneficial ownership of 8,229,447.34 shares, representing 5.3% of the class, with 8,208,953.17 shares having sole voting power and all 8,229,447.34 shares having sole dispositive power.
Abigail P. Johnson reports beneficial ownership, through FMR LLC and its subsidiaries, of 8,229,447.34 shares, or 5.3% of the class, with sole dispositive power but no voting power. One or more other persons have rights to receive dividends or sale proceeds from these shares, but no such person has an interest exceeding five percent of the outstanding CLASS A COMMON STOCK.
Millrose Properties, Inc. entered into Amendment No. 1 to its Amended and Restated Credit Agreement on August 5, 2026, a material definitive agreement among the company, the guarantors, the lenders, the issuing banks and JPMorgan Chase Bank, N.A. as administrative agent.
The amendment modifies the March 25, 2026 credit agreement to reduce the rate at which the loans bear interest by 0.25% per annum, resulting in lower interest charges on loans governed by the agreement. The complete amendment is included as Exhibit 10.1.
Millrose Properties, Inc., which buys and develops residential land and sells finished homesites via option contracts, reported for the quarter ended June 30, 2026 total revenues of $196,853 (thousands), up from $149,002 (thousands) a year earlier. Option fee revenues were $195,400 (thousands). Net income rose to $125,881 (thousands), or basic and diluted EPS of $0.76, compared with $112,760 (thousands), or $0.68 per share, in the prior-year quarter.
For the first six months of 2026, revenues were $391,781 (thousands) and net income was $248,765 (thousands), versus $231,700 (thousands) and $152,566 (thousands) in 2025. At June 30, 2026, homesites under option contracts were $9,603,735 (thousands) within total assets of $9,707,302 (thousands); debt obligations totaled $2,518,000 (thousands) and builder deposits $999,761 (thousands). A new unsecured $1.335 billion revolving credit facility and $500 million delayed draw term loan facility replaced the prior secured revolver. Future land development commitments were $6.9 billion, about 74% related to Lennar counterparties. Millrose paid increasing quarterly dividends, including $0.77 per share declared in June 2026, and plans to elect REIT tax status for 2025.
Millrose Properties, Inc. reported second-quarter 2026 results driven by recurring option-fee income from its homesite platform. Net income attributable to common shareholders was $125.9 million, or $0.76 per share, up from $112.8 million, or $0.68, in the prior-year quarter. Total revenues were $196.9 million, largely from option fee revenues, while AFFO was $127.6 million, or $0.77 per share.
The company declared a quarterly dividend of $0.77 per share, totaling $127.9 million and matching AFFO per share, described as its sixth consecutive quarterly dividend increase. As of June 30, 2026, Millrose had $9.7 billion of assets, including $9.6 billion of homesites under option contracts, and total Invested Capital of $8.8 billion at a 9.2% weighted-average yield.
The platform remains anchored by a Lennar master program agreement with $6.4 billion of Lennar homesites under option and $6.0 billion of Invested Capital at an 8.5% yield, alongside $2.8 billion of higher-yielding Other Agreements at 10.6%. Millrose ended the quarter with $1.4 billion of liquidity and a 30% debt-to-capitalization ratio, supporting 143,771 homesites across 877 communities in 30 states.
BlackRock, Inc. reports beneficial ownership of Class A stock of Millrose Properties, Inc. on an amended Schedule 13G. BlackRock and its reporting business units beneficially own 21,218,706 shares of Class A stock, representing 13.8% of the class.
BlackRock has sole voting power over 20,855,730 shares and sole dispositive power over 21,218,706 shares, with no shared voting or dispositive power. One related holder, iShares Core S&P Small-Cap ETF, has an interest in more than five percent of Millrose’s outstanding common stock.
Millrose Properties, Inc. amendment to a Schedule 13G/A reports that Brave Warrior Advisors, LLC beneficially owns 6,030,725 shares of Class A common stock, representing 3.91% of the class as reported 06/30/2026. The filing is signed by Donna Martel-Downing as Chief Compliance Officer on 07/02/2026.
Millrose Properties, Inc. declared a quarterly cash dividend of $0.77 per share on its Class A and Class B common stock, totaling approximately $127.9 million. The dividend will be paid on July 15, 2026 to shareholders of record as of July 6, 2026.
The company describes its model as a homesite option platform for residential homebuilders, emphasizing consistent earnings, dividends and long-term builder relationships. Management links this dividend to what it views as strong earnings visibility supported by its land acquisition and development strategy.