{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-207650","form_type":"8-K","ticker":"MRP","cik":"0002017206","company_name":"Millrose Properties, Inc.","filed_at":"2026-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.387521+00:00","generated_at":"2026-05-14T22:58:04.047219+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Millrose Properties Q1: Net income $0.74/sh, AFFO $0.76; reaffirms FY2026 growth guidance","bullets":["Net income $122.9M ($0.74/sh); AFFO $125.9M ($0.76/sh); total revenues $194.9M.","Expanded counterparty base to 17 homebuilders including top-10 national builder; redeployed $989M into land.","Converted credit facility to fully unsecured; added $500M delayed-draw term loan, total capacity $1.835B.","Reaffirms guidance: expects ~$1B deployment by mid-2026; FY2026 AFFO growth ~10% YoY; Q2 exit AFFO target $0.78-$0.80.","Portfolio: 143,000 homesites across 30 states; homesites under option $9.5B; zero option terminations since inception."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-207650","json":"https://secwatch.observer/filing/0001193125-26-207650.json","markdown":"https://secwatch.observer/filing/0001193125-26-207650.md","text":"https://secwatch.observer/filing/0001193125-26-207650.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2017206/000119312526207650/0001193125-26-207650-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2017206/000119312526207650/ck0002017206-20260506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T22:58:04.047219+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}