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. filed an update stating that it plans to offer up to
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.
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.
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.