MRP +.05 to 24.72, is worth a look .... it's a "land banking" REIT and recent LEN spinoff (Lennar is the nation's 2nd largest homebuilder)
briefing -
3/18 - Millrose Properties provides guidance for Q2, announces inaugural dividend (22.01 +0.26) :
Co guides to Q2 EPS of $0.65-0.68. Looking ahead, co anticipates achieving quarterly EPS run rate of $0.67-0.69 by year-end 2025.
Co also announces a major milestone: its inaugural dividend of $0.38 per share. This "stub" dividend covers the period from Millrose's spin-off from Lennar (LEN) on February 7, 2025 through March 31, 2025, and represents a pro-rated portion of what would equate to $0.65/sh on a normalized quarterly basis.
Co also reports strong progress on transactions outside of the Lennar Master Program Agreement, closing approximately $250 mln in such transactions since its spin-off, at yields exceeding 11%. Given the strong reception for its capital, and the momentum in signing up new third-party clients, Millrose expects to close at least an additional $100 mln of such transactions within the next 30 days and anticipates delivering at least $1 bln in such transactions for full-year 2025.
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.
3/17 - Millrose Properties provides guidance for Q2, announces inaugural dividend (22.01 +0.26) :
Co guides to Q2 EPS of $0.65-0.68. Looking ahead, co anticipates achieving quarterly EPS run rate of $0.67-0.69 by year-end 2025.
Co also announces a major milestone: its inaugural dividend of $0.38 per share. This "stub" dividend covers the period from Millrose's spin-off from Lennar (LEN) on February 7, 2025 through March 31, 2025, and represents a pro-rated portion of what would equate to $0.65/sh on a normalized quarterly basis.
Co also reports strong progress on transactions outside of the Lennar Master Program Agreement, closing approximately $250 mln in such transactions since its spin-off, at yields exceeding 11%. Given the strong reception for its capital, and the momentum in signing up new third-party clients, Millrose expects to close at least an additional $100 mln of such transactions within the next 30 days and anticipates delivering at least $1 bln in such transactions for full-year 2025.
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.
AI
