Millrose Properties, Inc.
Close on Oct 19, 2026
- Market cap
- $3.65B
- P/E (TTM)
- 7.7
- Dividend yield
- 11.60%
About Millrose Properties
Real Estate, SIC 6500
Millrose Properties, Inc. purchases and develops residential land and sells finished homesites to homebuilders through option contracts with predetermined prices and takedown schedules. The company operates in a single reportable segment, deriving its primary revenue from homesites held under option agreements and, to a lesser extent, from interest on development loans secured by residential properties. Its customers consist of residential homebuilders and land development companies looking to acquire entitled homesites while executing asset-light operating strategies.
The company conducts its operations across the United States. As of December 31, 2025, its real estate portfolio encompassed 142,139 homesites situated across 933 communities in 30 states. Millrose Properties is externally managed by an affiliate of Kennedy Lewis and maintains no separate facilities or direct employees of its own. The text does not identify a specific headquarters location for Millrose Properties itself.
Summary of the business section of Millrose Properties's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Millrose Properties, Inc.
- Founded
- 2024
- Headquarters
- Chevy Chase, MD
- Address
- C/O Corporate Creations Network Inc., 2 Wisconsin Circle #700 20815
- Phone
- (305) 559-4000
- Industry
- Real Estate
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, New York, NY
Stock & identifiers
- Ticker
- MRP
- Exchange
- NYSE
- Shares outstanding
- 166M, Aug 3, 2026
- Public float
- $3.79B, Jun 30, 2025
- Filer category
- Non-accelerated filer
- SEC CIK
- 2017206
- CUSIP
- 601137102
- ISIN
- US6011371027
- EIN
- 99-2056892
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Diane J. Bessette | See Remarks, Director | 0 |
| Rachel Presa | General Counsel and Secretary | 2,500 |
| Darren Richman | See Remarks | 500,000 |
| Robert Nitkin | Chief Operating Officer | 5,065 |
| Adil Pasha | Chief Technology Officer | 2,500 |
| Garett Rosenblum | See Remarks | 5,900 |
| Jonathan M. Jaffe | See Remarks | 0 |
| Stuart A. Miller | See Remarks | 0 |
| David M. Collins | Vice President and Controller | 0 |
| Carlos A. Migoya | Director | 30,075 |
| Matthew B. Gorson | Director | 38,750 |
| Mary Alison Mincey | Director | 17,750 |
| Patrick J. Bartels Jr | Director | 42,750 |
| Kathleen B. Lynch | Director | 21,600 |
| Mark Sustana | Director | 0 |
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 10, 2025 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 11, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 15, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |