secwatch.observer — SEC 8-K summary
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Issuer:     Millrose Properties, Inc. (MRP)
CIK:        0002017206
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000950170-25-100569
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Millrose Properties Q2 net income $112.8M, AFFO $0.69/share; raises guidance
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- Net income $112.8M ($0.68 diluted EPS); AFFO $115M ($0.69/share).
- Generated $797M net cash proceeds from homesite sales, $768M from Lennar; redeployed $718M.
- Deployed $813M with third-party homebuilders at 11.2% yield; outside-Lennar portfolio $1.3B.
- Raised AFFO guidance to $0.70-$0.73/share quarterly run rate from prior levels.
- Closed $1B delayed draw term loan from Goldman Sachs and JPMorgan; debt $1.0B (15% debt-to-cap).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2017206/000095017025100569/0000950170-25-100569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2017206/000095017025100569/ck0002017206-20250731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-100569

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer