Millrose Properties, Inc. (MRP)
Millrose Properties, Inc. (MRP)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 122,884 | 122,238 | 105,060 | 152,566 |
| Provision for credit loss expense | NaN | 665 | 340 | NaN |
| Sales, general, and administrative expenses from pre-spin periods | NaN | 0 | 0 | 24,960 |
| Interest paid-in-kind | 9,629 | 17,615 | 6,232 | 5,657 |
| Stock-based compensation expense | 692 | 307 | 189 | 181 |
| Amortization of debt issuance and financing costs | 2,342 | 2,393 | 16,360 | 1,520 |
| Option fee receivables | NaN | NaN | 11,601 | 46,635 |
| Other assets | -284 | 104 | 7,663 | 859 |
| Other liabilities | -30,027 | 31,676 | 11,762 | 4,217 |
| Deferred tax liabilities | 4,624 | 5,500 | 14,920 | 89 |
| Takedowns of homesites under option contracts, net of builder deposit credits | -706,131 | -3,216,008 | NaN | NaN |
| Net cash flows from operating activities | 797,301 | 3,419,304 | 123,135 | 130,382 |
| Option deposits from lennar, spin-off | NaN | 0 | 0 | 584,848 |
| Acquisition of rausch land assets, net of builder deposits | NaN | 0 | 0 | 858,938 |
| Investment in homesite inventory, net of builder deposits | NaN | NaN | 3,729,194 | NaN |
| Investments in homesites under option contracts, net of builder deposits | -977,419 | -5,149,382 | NaN | NaN |
| Sales of homesite inventory, net of builder deposit credits | NaN | NaN | 2,224,076 | NaN |
| Other deposits | NaN | -1,738 | NaN | NaN |
| Sales of homesite inventory and other related assets, net of builder deposit credits | NaN | NaN | NaN | 1,438,192 |
| Investments in development loans | -8,350 | -15,415 | -338,391 | NaN |
| Financing cost payments for revolving credit facility | NaN | NaN | NaN | 9,865 |
| Investment in homesite inventory and other related assets, net of builder deposits | NaN | NaN | NaN | 2,497,097 |
| Paydowns of development loans | 23,749 | 43,767 | 9,539 | NaN |
| Financing cost payments for delayed draw term loan facility | NaN | NaN | NaN | 14,070 |
| Net cash used in investing activities | -962,020 | -3,614,174 | -775,065 | -1,332,995 |
| Cash contribution from lennar, spin-off | NaN | 0 | 0 | 415,152 |
| Payments for spin-off deal costs | NaN | 0 | 0 | 77,948 |
| Financing and issuance cost payments for debt obligations | 11,548 | 1,480 | 56,459 | NaN |
| Proceeds from revolving credit facility and delayed draw term loan facility borrowings | NaN | 260,000 | 2,575,000 | NaN |
| Proceeds from delayed draw term loan facility | NaN | NaN | NaN | 1,000,000 |
| Repayments of revolving credit facility and delayed draw term loan facility borrowings | NaN | 150,000 | 2,575,000 | NaN |
| Payment of seller notes | NaN | 0 | 0 | 6,000 |
| Proceeds from revolving credit facility | -600,000 | NaN | NaN | 950,000 |
| Proceeds from senior notes | NaN | 0 | 2,000,000 | NaN |
| Repayments of revolving credit facility | -890,000 | NaN | NaN | 925,000 |
| Dividends paid to stockholders | 124,503 | 121,182 | 114,543 | 63,081 |
| Net cash flows from financing activities | 178,949 | -12,662 | 827,933 | 1,269,188 |
| Net increase in cash | 14,230 | -207,532 | 176,003 | 66,575 |
| Cash at beginning of period | 35,046 | 242,578 | 0 | NaN |
| Cash at end of period | 49,276 | 35,046 | 242,578 | NaN |