secwatch.observer — SEC 8-K summary
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Issuer:     Millrose Properties, Inc. (MRP)
CIK:        0002017206
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001193125-25-119428
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Millrose Q1 net income $64.8M ($0.39/sh); raises 2025 funding guidance to $1.5B
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- Net income $64.8M ($0.39/share) on $82.7M option fees; book value $35.40/share.
- Raised FY 2025 third-party funding guidance to $1.5B (from $1B); year-end quarterly EPS run-rate raised to $0.69-0.71.
- Declared inaugural stub dividend of $0.38/share (normalized quarterly $0.65); paid Apr 15.
- Deployed $351M with third-parties at 11.7% yield; portfolio yield 8.7% on ~111k homesites.
- Post-quarter: $700M commitment to acquire Landsea Homes homesites via New Home Co; close expected Q3 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2017206/000119312525119428/0001193125-25-119428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2017206/000119312525119428/d920782d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-119428

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