SEC Form S-4 filed by Millrose Properties Inc.

Citizens JMP initiated coverage of Millrose Properties with a rating of Mkt Outperform and set a new price target of $40.00

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)

Millrose Properties, Inc. (NYSE:MRP) ("Millrose" or the "Company") today issued the following statement in connection with the completion of Lennar Corporation's (NYSE:LEN) ("Lennar") previously disclosed offer to exchange shares of Millrose Class A common stock for shares of Lennar Class A common stock. "The completion of this exchange represents an important milestone in Millrose's evolution as an independent public company, further diversifying our shareholder base and increasing liquidity in our stock," said Darren Richman, Chief Executive Officer and President of Millrose. "The significant oversubscription demonstrates strong market confidence in our permanent capital solution for hom

MIAMI, Nov. 26, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) ("Lennar") announced today the final results of its previously announced offer to exchange up to 33,298,764 shares of Millrose Properties, Inc. (NYSE:MRP) ("Millrose") Class A stock it owns (approximately 20% of the total outstanding Millrose stock) for outstanding shares of Lennar Class A common stock (the "Exchange Offer"). The Exchange Offer expired at 12:00 midnight, New York City time, on November 21, 2025 (the "Expiration Date"). Pursuant to the terms of the Exchange Offer, Lennar has accepted 8,049,594 shares of Lennar Class A common stock in exchange for 33,298,754 shares of Millrose Class A common stock. Because the

MIAMI, Nov. 24, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) ("Lennar") announced today that, based on preliminary results, its previously announced offer to exchange up to 33,298,764 shares of Millrose Properties, Inc. (NYSE:MRP) ("Millrose") Class A stock it owns (approximately 20% of the total outstanding Millrose stock) for outstanding shares of Lennar Class A common stock (the "Exchange Offer") was oversubscribed. The Exchange Offer expired at 12:00 midnight, New York City time, on November 21, 2025 (the "Expiration Date"). However, Lennar stockholders who provided a notice of guaranteed delivery have until 5:00 p.m. on November 25, 2025 to complete the guaranteed delivery procedu

Generated $852 Million in Net Cash Proceeds from Homesite Sales, Including $766 Million from Lennar; Redeployed $858 Million in Land Acquisitions and Development Funding with Lennar. Continued to Expand Homebuilder Relationships by Deploying $770 Million Under Other Agreements, Reaching Approximately $2.0 Billion in Homesite Inventory and Other Related Assets and $1.8 billion in Invested Capital Outside of the Lennar Master Program Agreement at a weighted average yield of 11.3%. Increased Guidance for Year-End Invested Capital balance and Adjusted Funds from Operations Run Rate (AFFO). Completed $2.0 Billion in Senior Notes Offerings, Enhancing Strength of the Balance Sheet and Positi

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 third quarter ended September 30, 2025, before the market opens on Thursday, October 23, 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

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 $121.2 million, or $0.73 per share of Class A and Class B common stock. The dividend will be paid on October 15, 2025, to shareholders of record as of October 3, 2025. "This quarterly dividend reflects our strong performance and commitment to delivering value for our shareholders," said Darren Richman, Chief Executive Officer and President of Millrose. "We continue to deploy capital responsibly and this dividend demonstrates the consistency of our business model and our con