Millrose Properties Announces Inaugural Dividend Post-Spin-Off

Millrose Properties Inc Class A ( (MRP) ) has issued an announcement.

On March 17, 2025, Millrose Properties, Inc. announced its inaugural dividend of $65 million, or $0.38 per share, to be paid on April 15, 2025. This dividend marks a significant milestone following its spin-off from Lennar Corporation on February 7, 2025. The company also reported strong momentum in transactions outside the Lennar Master Program, with $250 million closed at yields exceeding 11% and plans to close an additional $100 million within 30 days. Millrose is actively securing additional financing to support its growth, with an earnings per share guidance of $0.65 to $0.68 for the second fiscal quarter and a projected quarterly earnings run rate of $0.67 to $0.69 by year-end 2025.

More about Millrose Properties Inc Class A

Millrose Properties, Inc. is a company that purchases and develops residential land, selling finished homesites back to homebuilders through option contracts with predetermined costs and takedown schedules. It aims to provide a public vehicle attractive to homebuilders seeking an asset-light strategy, recycling capital into future land acquisitions to ensure uninterrupted access to capital for its customers.

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