secwatch.observer — SEC 8-K summary
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Issuer:     Millrose Properties, Inc. (MRP)
CIK:        0002017206
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001193125-25-247786
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Millrose Q3 AFFO $0.74/sh; raises FY guidance; completes $2B notes offering
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- Net income $105.1M ($0.63/share); AFFO $122.5M ($0.74/share); revenue $179.3M.
- Received $766M net proceeds from Lennar homesite sales; redeployed $858M; portfolio yield 9.1%.
- Raised year-end AFFO run-rate guidance to $0.74-$0.76/sh; increased 2025 Other Agreements funding target to $2.2B.
- Completed $2.0B senior notes (6.375% due 2030 & 6.25% due 2032), repaid $1B term loan; liquidity $1.6B.
- Declared $0.73/sh quarterly dividend, paid Oct 15; targets 100% AFFO payout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2017206/000119312525247786/0001193125-25-247786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2017206/000119312525247786/ck0002017206-20251023.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-247786

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