secwatch.observer — SEC 8-K summary
======================================

Issuer:     Millrose Properties, Inc. (MRP)
CIK:        0002017206
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0001193125-25-235180
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Millrose Properties reports preliminary Q3 2025 AFFO $122.5M ($0.74/share), rev $179.3M
--------------------------------------------------------------------------------

- Revenue $179.3M (Q3) and $411.0M (9M); net income $105.1M ($0.63/share).
- AFFO $122.5M ($0.74/share) adds back $11.8M accelerated amortization from delayed draw term loan payoff.
- Invested Capital $8.2B as of Sep 30, 2025; weighted average yield 9.1% (based on 3-month SOFR as of Jun 26, 2025).
- Homesite inventory $8.7B; book value $35.29 per share as of Sep 30, 2025.
- Full Q3 2025 results expected before market open on October 23, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2017206/000119312525235180/0001193125-25-235180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2017206/000119312525235180/d62880d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-235180

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