For the quarter ending 2025-09-30, MRP had $176,003K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 105,060 | 152,566 |
| Provision for credit loss expense | 340 | - |
| Sales, general, and administrative expenses from pre-spin periods | 0 | 24,960 |
| Interest paid-in-kind | 6,232 | 5,657 |
| Stock-based compensation expense | 189 | 181 |
| Amortization of debt issuance and financing costs | 16,360 | 1,520 |
| Option fee receivables | 11,601 | 46,635 |
| Other assets | 7,663 | 859 |
| Other liabilities | 11,762 | 4,217 |
| Deferred tax liabilities | 14,920 | 89 |
| Net cash flows from operating activities | 123,135 | 130,382 |
| Option deposits from lennar, spin-off | 0 | 584,848 |
| Purchase of rausch land assets, net of builder deposits | 0 | 858,938 |
| Investment in homesite inventory, net of builder deposits | 3,729,194 | - |
| Sales of homesite inventory, net of builder deposit credits | 2,224,076 | - |
| Sales of homesite inventory and other related assets, net of builder deposit credits | - | 1,438,192 |
| Investment in development loans | -338,391 | - |
| Financing cost payments for revolving credit facility | - | 9,865 |
| Investment in homesite inventory and other related assets, net of builder deposits | - | 2,497,097 |
| Paydowns of development loans | 9,539 | - |
| Financing cost payments for delayed draw term loan facility | - | 14,070 |
| Net cash used in investing activities | -775,065 | -1,332,995 |
| Cash contribution from lennar, spin-off | 0 | 415,152 |
| Payments for spin-off deal costs | 0 | 77,948 |
| Financing and issuance cost payments for debt obligations | 56,459 | - |
| Repayments of revolving credit facility borrowings | - | 925,000 |
| Proceeds from revolving credit facility and delayed draw term loan facility borrowings | 2,575,000 | - |
| Proceeds from delayed draw term loan facility | - | 1,000,000 |
| Repayments of revolving credit facility and delayed draw term loan facility borrowings | 2,575,000 | - |
| Proceeds from revolving credit facility borrowings | - | 950,000 |
| Proceeds from senior notes | 2,000,000 | - |
| Dividends paid to shareholders | 114,543 | 63,081 |
| Payment of seller notes | 0 | 6,000 |
| Net cash flows from (used in) financing activities | 827,933 | 1,269,188 |
| Net increase in cash | 176,003 | 66,575 |
| Cash and cash equivalents at beginning of period | 0 | - |
| Cash and cash equivalents at end of period | 242,578 | - |
Millrose Properties, Inc. (MRP)
Millrose Properties, Inc. (MRP)