What Millrose Properties, Inc. does.

Millrose Properties, Inc. is a corporation incorporated under the laws of the State of Maryland on March 19, 2024 and later spun-off by Lennar. The Spin-Off was completed on February 7, 2025, at which time we became an independent, publicly traded company and our Class A common stock was listed on the New York Stock Exchange under the symbol “MRP”.

Millrose purchases and develops residential land and sells finished homesites to homebuilders by way of option contracts with predetermined costs and takedown schedules. We serve as a solution for homebuilders seeking to expand access to finished homesites while implementing an asset-light strategy. Our option contracts provide for the payment of recurring cash option fees as compensation for the capital and operational solution delivered by the Millrose platform. As Millrose sells fully developed homesites, capital is recycled into future land acquisitions for homebuilders, providing counterparties with durable access to community growth. To a lesser extent, we also provide development loans secured by property intended for residential use.

We are externally managed and advised by our Manager, Kennedy Lewis Land and Residential Advisors LLC, pursuant to the Management Agreement between Millrose and KL entered into on February 7, 2025.

Revenue and profit, by fiscal year.

More on MRP.

• Millrose Properties, Inc. summary
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• Millrose Properties, Inc. key metrics
• Millrose Properties, Inc. health scores and style box
• Millrose Properties, Inc. earnings
• Millrose Properties, Inc. dividends
• Millrose Properties, Inc. valuation
• Millrose Properties, Inc. ownership and insiders
• Millrose Properties, Inc. peers

Figures from Millrose Properties, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.