Millrose Properties Reports Third Quarter 2026 Financial Results
Business Wire•27/10/2026•08:00 ET
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Key Highlights
- ➤Net income $130.0 million, or $0.78 per share, reached a record third quarter
- ➤AFFO $0.80 per share marked the sixth consecutive quarterly increase
- ➤Fourth-quarter AFFO outlook raised to $0.82 to $0.84 per share
- ➤Board authorized a new $250 million share repurchase program
- ➤Dream Finders financing delivered approximately $1.1 billion in capital support
Expert Statements
Darren Richman, Chief Executive Officer and President of Millrose Properties
“Millrose delivered a record third quarter, driven by disciplined underwriting and the resilience and adaptability of our platform in a challenging housing market.”
Darren Richman, Chief Executive Officer and President of Millrose Properties
“We have raised our outlook for the remainder of the year and authorized our first share repurchase program, reflecting our confidence in the durability of our cash flows and our commitment to disciplined capital allocation.”
Darren Richman, Chief Executive Officer and President of Millrose Properties
“With the completion of the Dream Finders financing, approximately 42% of our asset base is now invested outside the Lennar Master Program Agreement, reflecting what Millrose has always been: a comprehensive capital solutions platform for the homebuilding industry.”
Darren Richman, Chief Executive Officer and President of Millrose Properties
“We remain focused on expanding our counterparty relationships, developing innovative financing solutions for homebuilders and creating long-term value for our shareholders.”
Millrose Properties Reports Third Quarter 2026 Financial Results
Record Third Quarter Net Income of $130 Million, or $0.78 Per Share
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