MRP: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Homesites under option contracts	9,177,273	8,872,695	NaN	NaN
Homesite inventory and other related assets	NaN	NaN	NaN	7,845,178
Homesite inventory	NaN	NaN	8,360,431	NaN
Total inventories	NaN	NaN	8,360,431	7,845,178
Development loan receivables, net	323,229	328,999	340,401	NaN
Cash	49,276	35,046	242,578	66,575
Option fee receivables	NaN	NaN	58,236	46,635
Other assets	20,271	21,367	22,091	15,258
Total assets	9,570,049	9,258,107	9,023,737	7,973,646

Builder deposits	960,294	927,004	874,257	799,562
Total debt obligations	2,458,000	2,143,000	2,000,000	NaN
Debt issuance costs	40,816	30,938	33,829	NaN
Debt obligations, net	2,417,184	2,112,062	1,966,171	1,011,162
Development guarantee holdback liability	100,000	100,000	100,000	100,000
Deferred tax liabilities	81,957	77,333	71,833	56,913
Other liabilities	156,985	185,446	153,160	131,760
Total liabilities	3,716,420	3,401,845	3,165,421	2,099,397
Retained earnings	NaN	NaN	NaN	-98
Common stock value-Common Class A	1,542	1,542	1,542	1,542
Common stock value-Common Class B	118	118	118	118
Additional paid-in capital	5,873,733	5,873,087	5,872,876	5,872,687
Distribution in excess of net income	-21,764	-18,485	-16,220	NaN
Total stockholders' equity	5,853,629	5,856,262	5,858,316	5,874,249
Total liabilities and stockholders' equity	9,570,049	9,258,107	9,023,737	7,973,646

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.