Goldman initiated coverage of Millrose Properties with a rating of Buy and set a new price target of $25.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/14/2025 | $30.00 | Buy | Citigroup |
| 2/27/2025 | $25.00 | Buy | Goldman |
Millrose Properties, Inc. (NYSE:MRP) ("Millrose" or the "Company") announced today the pricing of its private offering (the "Offering") of $750 million aggregate principal amount of its 6.25% Senior Notes due 2032 (the "Notes"), representing a $250 million upsize from the previously announced offering size, at an initial offering price of 100.000% of the principal amount plus accrued interest, if any, from September 11, 2025. The Offering is expected to close on September 11, 2025, subject to customary closing conditions. Millrose intends to use the net proceeds of the Offering (i) to repay the entire $500 million principal amount outstanding under the Company's term loan credit agreement
Millrose Properties, Inc. (NYSE:MRP) ("Millrose" or the "Company") announced today that it plans to offer (the "Offering") up to $500 million aggregate principal amount of senior notes due 2032 (the "Notes"), subject to market conditions. The Offering will be exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Millrose intends to use the net proceeds of the Offering, together with cash on hand, to repay the entire $500 million principal amount outstanding under the Company's term loan credit agreement, dated June 24, 2025 and maturing June 23, 2026, and related expenses. The Notes and the related guarantee will be offered and sold
Millrose Properties, Inc. (NYSE:MRP) ("Millrose" or the "Company") announced today the pricing of its private offering (the "Offering") of $1.25 billion aggregate principal amount of its 6.375% Senior Notes due 2030 (the "Notes"), representing a $250 million upsize from the previously announced offering size, at an initial offering price of 100.000% of the principal amount plus accrued interest, if any, from August 7, 2025. The Offering is expected to close on August 7, 2025, subject to customary closing conditions. Millrose intends to use the net proceeds of the Offering (i) to repay $500 million principal amount outstanding under the Company's term loan credit agreement, dated June 24,
Citigroup initiated coverage of Millrose Properties with a rating of Buy and set a new price target of $30.00
Goldman initiated coverage of Millrose Properties with a rating of Buy and set a new price target of $25.00
4 - Millrose Properties, Inc. (0002017206) (Issuer)
4 - Millrose Properties, Inc. (0002017206) (Issuer)
4 - Millrose Properties, Inc. (0002017206) (Issuer)
4 - Millrose Properties, Inc. (0002017206) (Issuer)
4 - Millrose Properties, Inc. (0002017206) (Issuer)
4 - Millrose Properties, Inc. (0002017206) (Issuer)
8-K - Millrose Properties, Inc. (0002017206) (Filer)
SCHEDULE 13G/A - Millrose Properties, Inc. (0002017206) (Subject)
8-K - Millrose Properties, Inc. (0002017206) (Filer)
Generated $797 Million in Net Cash Proceeds from Homesite Sales, including $768 Million from Lennar; Redeployed $718 Million in Land Acquisitions and Development Funding with Lennar. Delivered on Strategy to Expand Homebuilder Relationships by Deploying $813 Million with Third-Party Customers at a Weighted Average Yield of 11.2%, reaching approximately $1.3 billion in Homesite Inventory and Other Related Assets and a $1.1 billion Invested Capital balance outside of the Lennar Master Program Agreement. Closed portfolio transaction with New Home Company to facilitate public company acquisition, and closed $1 Billion Delayed Draw Term Loan Commitment to provide additional capital capacity.
Millrose Properties, Inc. (NYSE:MRP, "Millrose")), the Homesite Option Purchase Platform for residential homebuilders, today announced that it will release its financial results for the second quarter ended June 30, 2025, before the market opens on Thursday, July 31, 2025. The Company will host a conference call the same day at 10:00 AM ET. The conference call and webcast, as well as relevant earnings materials, will be available through the investor relations section of the Company's website: ir.millroseproperties.com. A replay of the conference call will be available shortly after the broadcast. About Millrose Properties, Inc. Millrose purchases and develops residential land and sel
Millrose Properties, Inc. (NYSE:MRP, "Millrose")), the Homesite Option Purchase Platform for residential homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of approximately $114.5 million, or $0.69 per share of Class A and Class B common stock. This marks the first full quarterly dividend declared by Millrose following its spin-off from Lennar Corporation in Q1 2025. The dividend will be paid on July 15, 2025, to shareholders of record as of July 3, 2025. "This quarterly dividend is indicative of the increasing demand for our platform and underscores our pledge to return 100% of earnings to our shareholders," stated Darren Richman, Chief Execu