Is It Too Late To Consider Millrose Properties (MRP) After 59% One-Year Rally?
Millrose Properties (MRP) has seen a significant 59% rally over the past year, prompting questions about its current valuation. According to a Dividend Discount Model, the stock appears to be 19.7% undervalued, with an estimated intrinsic value of US$39.66 per share compared to its current price of US$31.84. Additionally, its P/E ratio of 24.38x is below Simply Wall St's calculated Fair Ratio of 47.28x, further suggesting it may be trading at a lower multiple than its fundamentals imply.
Millrose Properties (MRP) Highlights Platform Strength with Higher Dividend
Millrose Properties (MRP) declared an inaugural dividend of $0.38 per share, followed later in the year by a significantly increased quarterly cash dividend of $0.75 per share, reflecting the company's strong platform and commitment to returning earnings to shareholders. CEO Darren Richman stated that the dividend increase underscores the strength of Millrose’s homesite option platform and its efficient capital recycling as homebuilders' needs evolve. The company, through its HOPP’R platform, provides operational and capital solutions for homebuilders and land developers, facilitating land acquisition and development.
Millrose Properties Announces Date of Fourth Quarter and Full Year 2025 Earnings Release and Conference Call
Millrose Properties, Inc. (NYSE: MRP) announced it will release its financial results for the fourth quarter and full year ended December 31, 2025, before market open on Thursday, February 26, 2026. The company will host a conference call and webcast on the same day at 10:00 AM ET, with details available on its investor relations website. Millrose specializes as a Homesite Option Purchase Platform for residential homebuilders.
Millrose Properties (MRP) Highlights Platform Strength with Higher Dividend
Millrose Properties, Inc. (MRP) has showcased its platform strength and commitment to shareholder returns by increasing its dividend. The company announced an inaugural dividend of $0.38 per share, followed by a significant increase to $0.75 per share, highlighting steady growth and efficient capital recycling. CEO Darren Richman emphasized the value of well-located finished homesites and Millrose's role as a core capital partner for homebuilders through its Homesite Option Purchase Platform (HOPP’R).
Millrose Properties (MRP) Highlights Platform Strength with Higher Dividend
Millrose Properties, Inc. (NYSE: MRP) announced its inaugural dividend of $0.38 per share, emphasizing the strength of its platform and commitment to returning earnings to shareholders. Later, the company approved a higher quarterly dividend of $0.75 per share, reflecting steady growth and efficient capital recycling. CEO Darren Richman highlighted the increased dividend as proof of the strength of Millrose's homesite option platform and its ability to adapt to homebuilders' evolving needs.
Homebuilding financier Millrose sets $124M cash payout to investors
Millrose Properties (NYSE: MRP) announced a quarterly cash dividend of $124.5 million, or $0.75 per share of Class A and Class B common stock. This dividend, payable on January 15, 2026, to shareholders of record as of January 5, 2026, reflects the company's strong performance and position as a Homesite Option Purchase Platform for residential homebuilders. CEO Darren Richman highlighted the company's disciplined growth and success in capital recycling across fluctuating market cycles.
Millrose Properties Declares Increased Quarterly Cash Dividend
Millrose Properties Inc (MRP) has declared an increased quarterly cash dividend of $0.75 per share, totaling approximately $124.5 million, payable on January 15, 2026. This move reflects the company's confidence in its homesite option platform and its crucial role in supplying finished lots to homebuilders. The dividend increase also caps Millrose's first year as a public company, highlighting its strong market position.
Millrose Properties, Inc. Comments on Completion of Lennar Exchange Offer
Millrose Properties, Inc. announced the completion of Lennar Corporation's exchange offer for Millrose Class A common stock, which was significantly oversubscribed. Darren Richman, Millrose CEO, stated this marks an important milestone in Millrose's evolution as an independent public company, diversifying its shareholder base and increasing stock liquidity. The company highlights strong market confidence in its permanent capital solution for homebuilders and its ongoing growth trajectory.
Lennar (LEN) Stock Jumps 6.6% as Millrose Exchange Offer Nears Finish Line — November 25, 2025 Update
Lennar (LEN) stock experienced a significant 6.6% jump on November 25, 2025, driven by investor reaction to developments in its Millrose Properties exchange offer and expectations of lower interest rates reviving housing demand. The exchange offer, which effectively acts as a share repurchase, was oversubscribed, reducing Lennar's public float and separating Millrose's multifamily portfolio. This rally occurred despite a challenging year for homebuilders and ahead of Lennar's Q4 2025 earnings guidance and the retirement of Co-CEO Jonathan Jaffe.
Lennar (NYSE: LEN) extends exchange offer to Nov 14 amid federal shutdown; 20% Millrose
Lennar has extended the expiration date for its Exchange Offer to swap its approximately 20% stake in Millrose Properties, Inc. for Lennar Class A common stock from November 7, 2025, to November 14, 2025. This extension is due to the ongoing U.S. federal government shutdown preventing the SEC from declaring the necessary Form S-4 registration statement effective. Lennar may further extend or terminate the offer if the statement is not effective by the new deadline.
Millrose Properties Reports Robust Third Quarter 2025 Financial Results
Millrose Properties announced strong financial results for Q3 2025, generating $852 million in net cash from homesite sales and redeploying $858 million into new land acquisitions with Lennar. The company expanded other homebuilder relationships, increasing invested capital to $1.8 billion at an 11.3% yield, and raised its year-end guidance for AFFO and invested capital. Millrose also completed $2.0 billion in senior notes offerings, significantly enhancing its balance sheet and liquidity for future growth.
Millrose Properties Reports Strong Q3 2025 Results
Millrose Properties Inc. announced robust financial results for Q3 2025, reporting a net income of $105.1 million and raising its guidance for year-end invested capital and adjusted funds from operations. The company also enhanced its balance sheet by completing $2.0 billion in senior notes offerings and declared a quarterly dividend, showcasing strong financial health and strategic growth positioning. Analysts currently rate MRP stock as a Buy with a $40.00 price target.
Millrose Properties Q2 2025 slides: diversification strategy gains momentum By Investing.com - Investing.com Canada
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Millrose Properties Offers 9% Yield, Potential Gains, as Land Bank to Homebuilders
Millrose Properties, a real estate investment trust, is positioned for strong investor returns following its spinoff from Lennar earlier this year. The company offers a 9% yield and operates with a distinctive business model as a land bank to homebuilders. This setup is expected to deliver potential gains for investors.
How Millrose Properties' (MRP) Upsized $750M Debt Offering Has Changed Its Investment Story
Millrose Properties, a publicly traded REIT specializing in land-banking for homebuilders, recently upsized its senior notes offering to $750 million. This move strengthens its investment narrative by providing capital for growth and refinancing, but also raises concerns about increased debt load and its impact on dividend sustainability and valuation. The article explores the company's niche market, financial performance, and varied analyst perspectives on its future.
Millrose Properties, Inc. Announces Launch of $500 Million Senior Notes Offering
Millrose Properties, Inc. has announced a planned offering of up to $500 million in senior notes due 2032. The company intends to use the proceeds, along with cash on hand, to repay the outstanding principal amount of $500 million under its term loan credit agreement. The notes will be offered to qualified institutional buyers and certain non-U.S. persons, exempt from registration requirements under the Securities Act.
Millrose Properties Launches Massive $114.5M Dividend Program: First Major Payout After Lennar Spin-off
Millrose Properties (NYSE: MRP) has declared its first full quarterly cash dividend since spinning off from Lennar Corporation in Q1 2025. The dividend totals $114.5 million, or $0.69 per share, and is scheduled to be paid on July 15, 2025, to shareholders of record as of July 3, 2025. CEO Darren Richman stated that this dividend reflects the demand for their platform and their commitment to return 100% of earnings to shareholders.
