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

Millrose Properties Q3 net income rises to $130 million; raises Q4 AFFO outlook

Positive Impact 4 of 5 earnings

Millrose Properties reported third-quarter 2026 net income of $130 million, or $0.78 per share, up from $105 million, or $0.63 per share, a year earlier. The company raised its fourth-quarter 2026 AFFO outlook to $0.82 to $0.84 per share and authorized a new $250 million share repurchase program.

Key points

  • Q3 2026 total revenues were $211 million, up from $179 million a year earlier.
  • Q3 2026 AFFO was $133.5 million, or $0.80 per share, compared with $0.74 per share in Q3 2025.
  • Fourth-quarter 2026 AFFO run rate outlook raised to $0.82 to $0.84 per share.
  • Board authorized a $250 million share repurchase program on October 26, 2026; the company is not obligated to buy any specific number of shares.

The filing

CompanyMillrose Properties (MRP)
Form8-K, current report
Filed with the SECOct 27, 2026, 8:15 AM ET
Accession number0001193125-26-432747

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.