Millrose Properties, Inc.
- MRP · NYSE
- Real Estate
- Chevy Chase, MD
- CIK 0002017206
Updated from SEC filings through
Top things to know
Executives
- Darren Richman Chief Executive Officer and President of Millrose 8-K, 2026-10-27
- Garett Rosenblum Chief Financial Officer and Treasurer (Principal Financial Officer) 10-Q, 2026-11-04
- Robert Nitkin Chief Operating Officer 4, 2026-05-13
- Rachel Presa General Counsel and Secretary 4, 2026-05-13
What leadership is saying
“Millrose delivered a record third quarter, driven by disciplined underwriting and the resilience and adaptability of our platform in a challenging housing market”
Earnings press release (8-K Ex. 99.1), filed October 27, 2026
Millrose Properties, Inc. is a U.S. public company in real estate (SIC 6500), headquartered in Chevy Chase, MD. It trades as MRP on NYSE. Revenue was $600M in the fiscal year ending December 31, 2025. Darren Richman is Chief Executive Officer and President of Millrose.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $600M 10-K, 2026-03-02 | Not on file | Not on file |
| Operating income | $486M 10-K, 2026-03-02 | -$246M 10-K, 2026-03-02 | -$210M 10-K, 2026-03-02 |
| SG&A | $25.0M 10-K, 2026-03-02 | $246M 10-K, 2026-03-02 | $210M 10-K, 2026-03-02 |
| Net income | $380M 10-K, 2026-03-02 | -$246M 10-K, 2026-03-02 | -$210M 10-K, 2026-03-02 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Darren Richman | Chief Executive Officer and President of Millrose | 8-K, 2026-10-27 |
| Garett Rosenblum | Chief Financial Officer and Treasurer (Principal Financial Officer) | 10-Q, 2026-11-04 |
| Robert Nitkin Chief Operating Officer at Millrose Properties; Partner at Kennedy Lewis Investment Management | Chief Operating Officer | 4, 2026-05-13 |
| Rachel Presa General Counsel, Millrose Properties, Inc, Managing Director, Kennedy Lewis Investment Management LLC | General Counsel and Secretary | 4, 2026-05-13 |
What Millrose Properties, Inc. does
Millrose Properties, Inc. is a corporation incorporated under the laws of the State of Maryland on March 19, 2024 and later spun-off by Lennar. The Spin-Off was completed on February 7, 2025, at which time we became an independent, publicly traded company and our Class A common stock was listed on the New York Stock Exchange under the symbol “MRP”.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Public float | $3.8B (as of June 30, 2025) | 10-K, March 2, 2026 |
|---|---|---|
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 4, 2026 |
| Latest proxy statement | Meeting May 18, 2026 (filed April 2, 2026) | DEF 14A, April 2, 2026 |
| Auditor | Deloitte & Touche LLP (New York, NY) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 10, 2026 | Matthew B. Gorson Director | Buy | 3,000 | $86K | Form 4, August 10, 2026 |
| August 7, 2026 | Carlos A. Migoya Director | Buy | 1,000 | $29K | Form 4, August 10, 2026 |
| May 18, 2026 | Matthew B. Gorson Director | Buy | 4,500 | $121K | Form 4, May 19, 2026 |
| May 13, 2026 | Rachel Presa General Counsel and Secretary | Buy | 1,032 | $28K | Form 4, May 13, 2026 |
| May 12, 2026 | Robert Nitkin Chief Operating Officer | Buy | 1,840 | $49K | Form 4, May 13, 2026 |
| May 11, 2026 | Darren Richman See Remarks | Buy | 235,000 | $6.4M | Form 4, May 13, 2026 |
| March 5, 2026 | Matthew B. Gorson Director | Buy | 1,000 | $31K | Form 4, March 9, 2026 |
| November 26, 2025 | Carlos A. Migoya Director | Buy | 219 | Form 4, December 1, 2025 |
Recent 8-K events
- 8-K filed 2026-10-27
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-10-06
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-09-23
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-09-23
- Item 8.01 Other events
- 8-K filed 2026-09-22
- Item 8.01 Other events
- 8-K filed 2026-09-21
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-09-01
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-08-05
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-08-04
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-23
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
Frequently asked questions about Millrose Properties, Inc.
- What does Millrose Properties, Inc. do?
- In its own words, from Item 1 of its 10-K: "Millrose Properties, Inc. is a corporation incorporated under the laws of the State of Maryland on March 19, 2024 and later spun-off by Lennar. The Spin-Off was completed on February 7, 2025, at which time we became an independent, publicly traded company and our Class A common stock was listed on the New York Stock Exchange under the symbol “MRP”."
- What is Millrose Properties, Inc.'s revenue?
- $600M for the fiscal year ending December 31, 2025, from its 10-K filed March 2, 2026.
- Is Millrose Properties, Inc. profitable?
- Millrose Properties, Inc. reported net income of $380M for the fiscal year ending December 31, 2025.
- Who is the CEO of Millrose Properties, Inc.?
- Darren Richman, Chief Executive Officer and President of Millrose, as named in a 8-K filed October 27, 2026.
- Who is the CFO of Millrose Properties, Inc.?
- Garett Rosenblum, Chief Financial Officer and Treasurer (Principal Financial Officer), as named in a 10-Q filed November 4, 2026.
- Where is Millrose Properties, Inc. headquartered?
- Chevy Chase, MD.
- What is Millrose Properties, Inc.'s stock ticker?
- MRP on NYSE.
- What industry is Millrose Properties, Inc. in?
- Real Estate, SIC code 6500.
- What is Millrose Properties, Inc.'s website?
- millroseproperties.com. Investor relations: https://ir.millroseproperties.com/overview/default.aspx.
- When does Millrose Properties, Inc. report earnings next?
- January 25, 2027. Source: estimate_8k_pattern.
- Is Millrose Properties, Inc. a public company?
- Yes. Millrose Properties, Inc. files with the SEC under CIK 0002017206 and trades as MRP.
- Who audits Millrose Properties, Inc.?
- Deloitte & Touche LLP, New York, NY, as named in its latest annual report (10-K).
- What is Millrose Properties, Inc.'s public float?
- $3.8B as of June 30, 2025, as reported on the cover of its 10-K filed March 2, 2026.
- How many business segments does Millrose Properties, Inc. report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 4, 2026.
- When is Millrose Properties, Inc.'s annual shareholder meeting?
- May 18, 2026, per its proxy statement (DEF 14A) filed April 2, 2026.
- Have Millrose Properties, Inc. insiders traded stock recently?
- Since October 28, 2025, officers and directors reported 0 open-market sales and 13 purchases worth about $7.2M on Forms 4 and 5. The most recent: Matthew B. Gorson (Director) bought 3,000 shares on August 10, 2026.