Every 8-K that Millrose Properties, Inc. (MRP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MRP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MRP filings page.
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.
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. 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.
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.
Millrose Properties, Inc. reported the results of its annual meeting of stockholders held on May 18, 2026. Stockholders elected five directors to serve until the 2027 annual meeting, with support levels generally strong across the slate.
Carlos A. Migoya received 215,381,716 votes for and 27,833,131 against, while Kathleen B. Lynch received one of the highest support levels with 236,368,262 votes for and 6,852,811 against. In addition, stockholders approved the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 256,763,103 votes for, 113,104 against, and 1,447,346 abstentions.
Millrose Properties, Inc. reported strong first quarter 2026 results, driven by its homesite option platform for residential builders. Net income attributable to common shareholders was $122.9 million, or $0.74 per share, on total revenues of $194.9 million from option fees and development loan income.
AFFO was $125.9 million, or $0.76 per share, fully covered by a quarterly dividend of $126.2 million, also $0.76 per share. The portfolio generated a weighted average annualized yield of 9.2% on Invested Capital of $8.7 billion, with approximately 143,000 homesites across 904 communities in 30 states.
Millrose continued to expand beyond its Lennar Master Program Agreement, growing Invested Capital under Other Agreements to $2.7 billion at a 10.7% yield and adding a top-10 national homebuilder among 17 counterparties. Liquidity remained solid with $1.5 billion of cash and revolver availability and total debt of $2.4 billion, representing about 29% debt-to-capitalization, supported by a fully unsecured $1.835 billion credit facility including a new $500 million delayed-draw term loan commitment.
Millrose Properties, Inc. entered into an amended and restated credit agreement that expands and refinances its main lending facility. The new unsecured structure includes a four-year revolving credit commitment of $1.335 billion and a $500 million delayed draw term loan that together provide up to $1.835 billion of floating rate capacity, with an accordion feature allowing total commitments up to $2.5 billion. The facility, which matures on March 25, 2030, replaces the company’s prior secured revolver, releases related liens, and will be used for general corporate purposes, including repayment of existing indebtedness.
Millrose Properties, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.76 per share on both Class A and Class B common stock, totaling approximately $126.2 million. The dividend will be paid on April 15, 2026 to shareholders of record as of April 3, 2026.
The company positions itself as a permanent capital partner for residential homebuilders, emphasizing a technology-enabled platform for acquiring and developing land to supply finished homesites. Management highlights the ability to maintain consistent capital returns to shareholders across different market environments.
Millrose Properties, Inc. furnished an investor presentation in connection with upcoming appearances at Citi’s 2026 Global Property CEO Conference and J.P. Morgan’s Global High Yield & Leveraged Finance Conference. The materials outline its homesite option platform, capital structure and 2025 activity.
Millrose reports 142,139 homesites across 933 communities in 30 states, supported by about $9.2B of land assets and shareholder’s equity of roughly $5.9B as of December 31, 2025. Total future takedown proceeds are estimated at $16.1B, with a portfolio weighted average yield of 9.2%.
In 2025 the company deployed about $5.5B of net acquisition and development funding and recorded $3.4B in net takedowns, delivering 31,575 homesites. Debt consists mainly of $2.0B of senior notes and revolver borrowings, resulting in 26% debt to capitalization and approximately $1.3B of available liquidity.
Millrose Properties, Inc. reported strong fourth quarter and full year 2025 results driven by its homesite option platform. For 2025, total revenues were $600.5 million, with net income attributable to common shareholders of $404.8 million, or $2.44 per share, and AFFO of $427.9 million, or $2.58 per share.
In the fourth quarter, net income was $122.2 million, or $0.74 per share, and AFFO was $125.6 million, or $0.76 per share, slightly above its year-end quarterly AFFO run rate guidance. The company declared a quarterly dividend of $0.75 per share and states it distributes 100% of AFFO to shareholders.
Millrose ended 2025 with approximately 142,000 homesites across 933 communities in 30 states, total assets of about $9.3 billion, total debt of $2.1 billion and a debt‑to‑capitalization ratio of 26%. The portfolio’s weighted average yield was 9.2%, supported by $8.47 billion of invested capital and a growing pipeline beyond its Lennar Master Program Agreement.
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. (MRP) furnished an 8-K announcing quarterly results and investor materials. The company issued a press release with results for the quarter ended September 30, 2025 and posted its Q3 2025 earnings presentation. Both items are furnished as Exhibits 99.1 and 99.2 and are not deemed “filed.” The materials are also available on the investor relations website.
Millrose Properties, Inc. filed a current report to disclose that it issued a press release with its preliminary unaudited financial results for the three and nine months ended September 30, 2025. The company notes that these figures are based on currently available information and do not include all details needed for a full understanding of its financial condition or operating results for that period. The press release is provided as Exhibit 99.1 and is furnished, not filed, meaning it is not subject to certain liability provisions and is not automatically incorporated into Securities Act registration statements.
Millrose Properties, Inc. declared a quarterly cash dividend of $0.73 per share on its Class A and Class B common stock. The dividend will be paid on October 15, 2025 to shareholders of record as of the close of business on October 3, 2025. The company also furnished a press release about this upcoming dividend as an exhibit to the report.
Millrose Properties, Inc. filed an update stating that it plans to offer up to $500,000,000 aggregate principal amount of senior notes due 2032. These notes are being marketed in a private placement, subject to market conditions, rather than through a public SEC-registered offering.
The notes and related guarantee will be offered in the U.S. only to qualified institutional buyers under Rule 144A and outside the U.S. to certain non-U.S. investors under Regulation S. The company emphasizes that the notes will not be registered under the Securities Act and cannot be sold in the United States without an applicable exemption. The filing also includes customary forward-looking statement language and attaches a press release as an exhibit.
Millrose Properties completed an offering of $1.25 billion aggregate principal amount of 6.375% Senior Notes due 2030, sold on August 7, 2025 to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S. The Notes were issued under an indenture with Citibank, N.A. as trustee and are fully and unconditionally guaranteed on a senior unsecured basis by Millrose Properties SPE LLC.
The Notes are general senior unsecured obligations that rank pari passu with existing and future senior indebtedness, are effectively subordinated to secured debt to the extent of collateral value, and are structurally subordinated to liabilities of non‑guarantor subsidiaries. Interest accrues at 6.375% per annum, payable semi‑annually on February 15 and August 15 beginning February 15, 2026, and the Notes mature on August 1, 2030. Redemption mechanics include make‑whole provisions, limited pre‑August 1, 2027 equity‑proceeds redemptions at 106.375%, and a change‑of‑control repurchase at 101%. The Indenture is attached as Exhibit 4.1.
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.