Eric Wolfe

Julien Blouin

- **Millrose Properties, Inc.** reported preliminary, unaudited results for the third quarter of 2025, with **revenues of approximately $179.3 million** and **net income of approximately $105.1 million**, or **$0.63 per share**.  **[2017206_0001193125-25-235180_d62880dex991.htm:0]** 
- **Adjusted Funds from Operations (AFFO)** for Q3 2025 were approximately **$122.5 million**, or **$0.74 per share**.  **[2017206_0001193125-25-235180_d62880dex991.htm:0]** 
- As of September 30, 2025, **homesite inventory and other related assets totaled approximately $8.7 billion**, and **Invested Capital was approximately $8.2 billion**.  **[2017206_0001193125-25-235180_d62880dex991.htm:0]** 
- The company's **book value per share was approximately $35.29** as of September 30, 2025.  **[2017206_0001193125-25-235180_d62880dex991.htm:0]**

Millrose Properties, Inc. Provides Preliminary Q3 2025 Results

- Millrose Properties, Inc. (MRP) declared a quarterly cash dividend of **$0.73 per share** on its Class A and Class B common stock on **September 22, 2025**.  **[2017206_0001193125-25-211319_ck0002017206-20250922.htm:0]** **[2017206_0001193125-25-211319_ck0002017206-ex99_1.htm:0]** 
- The total quarterly cash dividend payment is approximately **$121.2 million**.  **[2017206_0001193125-25-211319_ck0002017206-ex99_1.htm:0]** 
- The dividend is payable on **October 15, 2025**, to stockholders of record as of the close of business on **October 3, 2025**.  **[2017206_0001193125-25-211319_ck0002017206-20250922.htm:0]** **[2017206_0001193125-25-211319_ck0002017206-ex99_1.htm:0]**

Millrose Properties Announces Quarterly Dividend

- Millrose Properties, Inc. completed an offering of **$750 million** aggregate principal amount of **6.250% Senior Notes due 2032** on September 11, 2025, with interest payable semi-annually on **March 15 and September 15** of each year, starting March 15, 2026.  **[2017206_0001193125-25-201489_d44587dex41.htm:0]** **[2017206_0001193125-25-201489_d44587d8k.htm:1]** **[2017206_0001193125-25-201489_d44587dex41.htm:3]** **[2017206_0001193125-25-201489_d44587dex41.htm:14]** 
- The Notes are fully and unconditionally guaranteed on a senior unsecured basis by Millrose Properties SPE LLC, a wholly-owned subsidiary of the Company.  **[2017206_0001193125-25-201489_d44587d8k.htm:1]** 
- These Notes rank **pari passu** in right of payment with existing and future senior indebtedness, are senior to future subordinated indebtedness, and are effectively subordinated to secured indebtedness.  **[2017206_0001193125-25-201489_d44587d8k.htm:1]** 
- The Company has the option to redeem some or all of the Notes on or after **September 15, 2028**, and may also redeem up to **40%** of the Notes prior to this date with cash from certain equity offerings at **106.250%** of the principal amount.  **[2017206_0001193125-25-201489_d44587d8k.htm:1]**

Millrose Properties (MRP)