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. officer Darren Richman reported open-market purchases of a total of 235,000 shares of Class A Common Stock on May 11, 2026 at a weighted average price of $27.312 per share.
The filing shows 195,000 shares purchased and held directly, in a joint account with his spouse, bringing his direct holdings to 416,000 shares. An additional 40,000 shares were purchased through the Richman Family Trust, increasing the trust’s indirect holdings to 84,000 shares. The reported price reflects multiple trades between $27.1683 and $27.4250.
Millrose Properties, Inc. generated strong growth in the three months ended March 31, 2026, with total revenues of $194.9 million, up from $82.7 million a year earlier. Option fee revenues more than doubled to $185.3 million, while development loan income rose to $9.6 million.
Net income increased to $122.9 million, compared with $39.8 million, driving basic and diluted earnings per share of $0.74 versus $0.39. Homesites under option contracts reached $9.18 billion of carrying value, supporting a single land‑focused segment concentrated in 904 communities and about 143,000 homesites across 30 states.
Millrose ended the quarter with $9.57 billion in total assets, $2.46 billion of debt and $5.85 billion of stockholders’ equity. It put in place an unsecured credit agreement with a $1.335 billion revolving credit facility and a $500 million delayed draw term loan maturing in 2030, and declared a $0.76 per‑share dividend to be paid in April 2026.
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 reports that Vanguard Capital Management beneficially owns 8,116,252 shares of Common Stock, representing 5.26% of the class. The filing shows 1,187,221 shares with sole voting power and 8,116,252 shares with sole dispositive power.
Millrose Properties Inc reported a Schedule 13G showing Vanguard Portfolio Management beneficially owns 14,868,098 shares of Common Stock, representing 9.64% of the class. The filing lists sole voting power of 18,636 shares and sole dispositive power over 14,868,098 shares. The filing is signed by Vanguard's Head of Global Fund Administration.
Millrose Properties, Inc. is holding its annual stockholder meeting on May 18, 2026 at 8:30 a.m. Eastern at 600 Brickell Avenue, Miami, Florida. Stockholders will vote on electing five directors to one-year terms and ratifying Deloitte & Touche LLP as independent auditor for 2026.
Holders of 154,183,686 Class A shares (one vote per share) and 11,819,811 Class B shares (ten votes per share) as of March 23, 2026 may vote, with both classes voting together. Millrose is externally managed under a Management Agreement with Kennedy Lewis and is operating a large land-banking program, reporting 2025 option fee revenues of $484.8 million and land funding of $2.862 billion with $3.167 billion in net takedown proceeds from Lennar-related arrangements.
Millrose Properties, Inc. filed a Form S-3 shelf registration to register debt securities, Class A common stock, preferred stock, depositary shares, warrants and units for potential sale from time to time after this registration statement becomes effective. The prospectus is dated March 31, 2026 and states offerings will be made by prospectus supplement.
The prospectus discloses the Company’s last reported sale price of $27.28 per share on March 30, 2026. It also shows shares outstanding as of March 23, 2026: 154,183,686 shares of Class A common stock and 11,819,811 shares of Class B common stock, plus 11,559,464 additional shares reserved under the long-term incentive plan.
Millrose Properties Inc Schedule 13G/A Amendment No. 2: The Vanguard Group reports zero beneficial ownership of Millrose common stock. The filing states Vanguard underwent an internal realignment on January 12, 2026 and disaggregated certain subsidiaries or business divisions in reliance on SEC Release No. 34-39538, resulting in separate reporting by those entities. The filing lists 0 shares and 0% ownership and is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
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.