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Millrose Properties is paying out a substantial dividend yield of 8% following its spinoff from Lennar earlier this year. The REIT is trading at a small discount to its book value per share and is targeting a dividend payout ratio of 100% of AFFO. An investment-grade rating and a conservatively leveraged balance sheet reduce MRP's overall risk profile.
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today the pricing of its private offering (the “Offering”) of $1.25 billion aggregate principal amount of its 6.375% Senior Notes due 2030 (the “Notes”), representing a $250 million upsize from the previously announced offering size, at an initial offering price of 100.000% of the principal amount plus accrued interest, if any, from August 7, 2025. The Offering is expected to close on August 7,.
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today that it plans to offer (the “Offering”) up to $1.0 billion aggregate principal amount of senior notes due 2030 (the “Notes”), subject to market conditions. The Offering will be exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). Millrose intends to use the net proceeds of the Offering (i) to repay $500 million principal amount outsta.
Brand new dividends are often the best divvies to buy. Here why.
Millrose Properties doesn't actually build homes. Yet, the IPO stock is one of the best-performers in the homebuilding group.
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that it will release its financial results for the second quarter ended June 30, 2025, before the market opens on Thursday, July 31, 2025. The Company will host a conference call the same day at 10:00 AM ET. The conference call and webcast, as well as relevant earnings materials, will be available through the investor relations section of.
Millrose Properties has delivered strong, predictable results post-spin, with recurring option fee income and faster-than-expected third-party deal growth. The company offers a nearly 10% dividend yield, paying out all net earnings, making it attractive for income-focused investors but limiting capital appreciation. Shares trade at 0.8x book value, which I view as fair given housing risks and limited ROE upside; my $28 price target remains unchanged.
Establishes Top 25 National Homebuilder with Strong Foundation for Growth Establishes Top 25 National Homebuilder with Strong Foundation for Growth
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of approximately $114.5 million, or $0.69 per share of Class A and Class B common stock. This marks the first full quarterly dividend declared by Millrose following its spin-off from Lennar Corporation in Q1 2025. The dividend will be paid on July 15, 2025, to shareholders.