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AI brief of an SEC Form 8-K · Millrose Properties (MRP)

Millrose Properties Q1 net income $0.74 per share, up from $0.39 a year earlier

Positive Impact 3 of 5 earnings Written later

Millrose Properties reported first quarter 2026 net income attributable to common shareholders of $122.9 million, or $0.74 per share, and AFFO of $125.9 million, or $0.76 per share, compared with $0.39 per share in the first quarter of 2025. The company reaffirmed its prior guidance, which targets a second quarter exit AFFO run rate of $0.78 to $0.80 per share and up to $2 billion of net new capital deployment for full year 2026.

Key points

  • Total revenues were $194.9 million, compared with $82.7 million in the first quarter of 2025.
  • Net income was $122.9 million, or $0.74 per share; AFFO was $125.9 million, or $0.76 per share.
  • Guidance reaffirmed: about $1 billion of additional invested capital by mid-2026 and an AFFO run rate of $0.78 to $0.80 per share in the second quarter.
  • Board declared a $0.76 per share dividend on March 23, 2026, paid April 15, 2026.

The filing

CompanyMillrose Properties (MRP)
Form8-K, current report
Filed with the SECMay 6, 2026, 8:21 AM ET
Accession number0001193125-26-207650

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.