Millrose Properties Declares Inaugural Dividend and Provides 2025 Outlook
Millrose Properties (NYSE: MRP) has announced its first-ever dividend of $65 million, or $0.38 per share for both Class A and B common stock, payable on April 15, 2025. This initial dividend covers the period from the company's February 7, 2025 spin-off from Lennar through March 31, 2025, representing a pro-rated portion of a normalized quarterly dividend of $0.65 per share.
The company has reported strong transaction momentum, closing approximately $250 million in transactions outside the Lennar Master Program Agreement at yields exceeding 11%. Millrose expects to close an additional $100 million in transactions within 30 days and projects $1 billion in such transactions for 2025.
For its fiscal Q2 ending June 30, 2025, Millrose projects earnings per share of $0.65-$0.68, with an anticipated quarterly EPS run rate of $0.67-$0.69 by year-end 2025. The company is seeking additional financing to support its growth.
Millrose Properties (NYSE: MRP) ha annunciato il suo primo dividendo di 65 milioni di dollari, ovvero 0,38 dollari per azione sia per le azioni ordinarie di Classe A che di Classe B, pagabile il 15 aprile 2025. Questo dividendo iniziale copre il periodo dalla scissione dell'azienda da Lennar del 7 febbraio 2025 fino al 31 marzo 2025, rappresentando una porzione pro-rata di un dividendo trimestrale normalizzato di 0,65 dollari per azione.
L'azienda ha riportato una forte spinta alle transazioni, chiudendo circa 250 milioni di dollari in transazioni al di fuori dell'Accordo del Programma Master di Lennar, con rendimenti superiori all'11%. Millrose prevede di chiudere ulteriori 100 milioni di dollari in transazioni entro 30 giorni e proietta 1 miliardo di dollari in tali transazioni per il 2025.
Per il suo secondo trimestre fiscale che termina il 30 giugno 2025, Millrose prevede utili per azione di 0,65-0,68 dollari, con un tasso di EPS trimestrale previsto di 0,67-0,69 dollari entro la fine del 2025. L'azienda sta cercando finanziamenti aggiuntivi per sostenere la sua crescita.
Millrose Properties (NYSE: MRP) ha anunciado su primer dividendo de 65 millones de dólares, o 0,38 dólares por acción tanto para las acciones comunes de Clase A como de Clase B, que se pagará el 15 de abril de 2025. Este dividendo inicial cubre el período desde la escisión de la compañía de Lennar el 7 de febrero de 2025 hasta el 31 de marzo de 2025, representando una porción prorrateada de un dividendo trimestral normalizado de 0,65 dólares por acción.
La empresa ha reportado un fuerte impulso en las transacciones, cerrando aproximadamente 250 millones de dólares en transacciones fuera del Acuerdo del Programa Maestro de Lennar, con rendimientos superiores al 11%. Millrose espera cerrar otros 100 millones de dólares en transacciones en 30 días y proyecta 1 mil millones de dólares en tales transacciones para 2025.
Para su segundo trimestre fiscal que finaliza el 30 de junio de 2025, Millrose proyecta ganancias por acción de 0,65-0,68 dólares, con una tasa de EPS trimestral anticipada de 0,67-0,69 dólares para finales de 2025. La compañía está buscando financiamiento adicional para apoyar su crecimiento.
Millrose Properties (NYSE: MRP)는 6500만 달러, 즉 클래스 A 및 B 보통주 각각 주당 0.38 달러의 첫 배당금을 발표했습니다. 이 배당금은 2025년 4월 15일에 지급될 예정입니다. 이 초기 배당금은 2025년 2월 7일 Lennar로부터의 분할부터 2025년 3월 31일까지의 기간을 포함하며, 주당 0.65 달러의 정상화된 분기 배당금의 비례 부분을 나타냅니다.
회사는 강력한 거래 모멘텀을 보고하며, Lennar 마스터 프로그램 계약 외부에서 약 2억 5천만 달러의 거래를 마감하고 11%를 초과하는 수익률을 기록했습니다. Millrose는 30일 이내에 추가로 1억 달러의 거래를 마감할 것으로 예상하며, 2025년에는 이러한 거래에서 10억 달러를 예상하고 있습니다.
2025년 6월 30일 종료되는 2분기 재무 보고서에 따르면, Millrose는 주당 0.65-0.68 달러의 수익을 예상하며, 2025년 말까지 주당 0.67-0.69 달러의 분기 EPS 실행 속도를 예상하고 있습니다. 회사는 성장을 지원하기 위해 추가 자금을 찾고 있습니다.
Millrose Properties (NYSE: MRP) a annoncé son premier dividende de 65 millions de dollars, soit 0,38 dollar par action pour les actions ordinaires de Classe A et B, payable le 15 avril 2025. Ce dividende initial couvre la période de la scission de l'entreprise de Lennar le 7 février 2025 jusqu'au 31 mars 2025, représentant une portion prorata d'un dividende trimestriel normalisé de 0,65 dollar par action.
L'entreprise a rapporté une forte dynamique de transactions, clôturant environ 250 millions de dollars de transactions en dehors de l'Accord du Programme Maître de Lennar, avec des rendements dépassant 11%. Millrose s'attend à conclure 100 millions de dollars supplémentaires de transactions dans les 30 jours et projette 1 milliard de dollars de telles transactions pour 2025.
Pour son deuxième trimestre fiscal se terminant le 30 juin 2025, Millrose prévoit un bénéfice par action de 0,65-0,68 dollar, avec un taux de BPA trimestriel anticipé de 0,67-0,69 dollar d'ici la fin de 2025. L'entreprise recherche un financement supplémentaire pour soutenir sa croissance.
Millrose Properties (NYSE: MRP) hat seine erste Dividende in Höhe von 65 Millionen Dollar, bzw. 0,38 Dollar pro Aktie für die Stammaktien der Klassen A und B, angekündigt, die am 15. April 2025 ausgezahlt werden soll. Diese erste Dividende deckt den Zeitraum von der Abspaltung des Unternehmens von Lennar am 7. Februar 2025 bis zum 31. März 2025 ab und stellt einen anteiligen Teil einer normalisierten vierteljährlichen Dividende von 0,65 Dollar pro Aktie dar.
Das Unternehmen hat eine starke Transaktionsdynamik gemeldet und etwa 250 Millionen Dollar an Transaktionen außerhalb des Lennar Master Program Agreement abgeschlossen, mit Renditen von über 11%. Millrose erwartet, innerhalb von 30 Tagen weitere 100 Millionen Dollar an Transaktionen abzuschließen und prognostiziert 1 Milliarde Dollar an solchen Transaktionen für 2025.
Für das zweite Quartal des Geschäftsjahres, das am 30. Juni 2025 endet, prognostiziert Millrose einen Gewinn pro Aktie von 0,65-0,68 Dollar, mit einer voraussichtlichen vierteljährlichen EPS-Laufleistung von 0,67-0,69 Dollar bis Ende 2025. Das Unternehmen sucht nach zusätzlicher Finanzierung zur Unterstützung seines Wachstums.
- Inaugural dividend of $65 million ($0.38 per share) announced
- Strong yield performance of >11% on non-Lennar transactions
- $250 million in transactions closed since spin-off
- Additional $100 million in transactions expected within 30 days
- Projected $1 billion in transactions for 2025
- Positive earnings guidance of $0.65-$0.68 EPS for Q2 2025
- Need for additional financing to fund growth
- Dependency on securing new financing for expansion plans
“We’re excited to announce our first-ever dividend—an important moment for Millrose and our shareholders,” said Darren Richman, Chief Executive Officer and President of Millrose Properties, Inc. “This dividend underscores the strength of our platform, the robust demand for our capital and our commitment to deliver
Strong Momentum on Transactions
Millrose is also pleased to report strong progress on transactions outside of the Lennar Master Program Agreement, closing approximately
To support this accelerated growth, Millrose is actively working with its financial advisors to secure additional financing, ensuring ample capital to fund its expanding transaction pipeline.
Earnings Outlook
Fueled by this momentum and its growing order book, Millrose is providing earnings per share guidance in the range of
About Millrose Properties, Inc.
Millrose purchases and develops residential land and sells finished homesites back to homebuilders by way of option contracts with predetermined costs and takedown schedules. Millrose intends its “first of its kind” public vehicle to be attractive to homebuilders seeking to implement an asset-light strategy. As fully developed homesites are acquired, capital is recycled into future land acquisitions for homebuilders, providing each customer with uninterrupted access to capital.
Forward-looking Statements
This press release contains forward-looking statements, including, in particular, statements about Millrose's businesses, plans, strategies and objectives, future earnings, expected transactions and guidance. You can generally identify forward-looking statements by our use of forward-looking terminology such as "may," "can," "shall," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," “outlook,” “guidance” or other similar words or the negatives thereof. Assumptions relating to these statements involve judgments with respect to, among other things, competitive and market conditions and future business decisions, all of which are difficult or impossible to accurately predict and many of which are beyond our control. There can be no assurance that these forward-looking statements will prove to be accurate and our actual results, performance and achievements may be materially different from that expressed or implied by these forward-looking statements. Important factors that could cause differences between anticipated and actual results include the risks and uncertainties described in Millrose’s filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof and Millrose does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans, which we consider to be reasonable, will be achieved.
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Media:
Benjamin Spicehandler / Stephen Pettibone / Adam Grossberg
FGS Global
MillroseProperties@fgsglobal.com
Source: Millrose Properties, Inc.
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