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 (MRP) reported its first post–spin-off quarter with solid profitability. Q3 revenue was $179.3 million, driven mainly by option fee revenue of $170.3 million and $8.9 million of development loan income. Net income was $105.1 million, or $0.63 per diluted share. For the nine months ended September 30, 2025, revenue totaled $411.0 million and net income was $257.6 million, or $1.70 per diluted share.
Following the February 2025 spin-off from Lennar, the company scaled its platform, ending Q3 with inventories of $8.36 billion, cash of $242.6 million, and builder deposits of $874.3 million. Millrose financed growth with two unsecured offerings: $1.25 billion 6.375% notes due 2030 and $750 million 6.250% notes due 2032, and repaid its DDTL facility. Interest expense was $43.7 million in Q3, including $11.9 million of accelerated issuance cost amortization. Revenue is concentrated with Lennar, representing 84% of Q3 option fee revenue. Shares outstanding as of October 23, 2025 were 154,183,686 Class A and 11,819,811 Class B.
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. completed a spin-off from Lennar and began trading on the NYSE as MRP, receiving approximately
Brave Warrior Advisors, LLC reports beneficial ownership of 5,375,592 shares of Millrose Properties, Inc. Class A common stock, representing 3.5% of the class. The filing is an amendment to a Schedule 13G and confirms that Brave Warrior holds the shares with sole voting and dispositive power and states the securities were acquired and are held in the ordinary course of business. The filing also affirms the position is not intended to change or influence control of the issuer and that no group affiliation or parent/ subsidiary acquisition is reported.
Greenhaven Associates, Inc. filed an amended Schedule 13G reporting beneficial ownership of 4,603,873 shares of Millrose Properties, Inc. (Class A Common Stock), representing 2.99% of the class. Greenhaven reports sole voting/dispositive power over 1,138,816 shares and shared voting/dispositive power over 3,465,057 shares. The filing states Greenhaven is an investment adviser with investment discretion and that most shares are owned by its clients who retain dividend and sale proceeds rights. The filing certifies the holdings are in the ordinary course of business and not intended to influence control.
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.
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