Millrose Properties Q2 net income rises

Millrose Properties

04/08/2026 13:11

Overview
US homesite option platform's Q2 net income rose to $125.9 mln
Q2 AFFO reached $127.6 mln, or $0.77 per share
Company expanded builder relationships and redeployed $1.1 bln in land acquisitions and funding

Result Drivers
PORTFOLIO EXPANSION - Co expanded builder and developer relationships, increasing homesites under option contracts and invested capital
CAPITAL REDEPLOYMENT - Early repayment of $284 mln in development loans, with proceeds redeployed into new opportunities at prevailing underwriting standards
PLATFORM DIVERSIFICATION - Co expanded into multifamily assets through new land banking relationship, broadening addressable market beyond single-family homesites

Company press release: ID:nBw7JLhFha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.76
 
Q2 Net Income
 
$125.90 mln
 
Q2 Adjusted FFO
 
$127.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Millrose Properties Inc is $36.50, about 27.4% above its August 3 closing price of $28.65
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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Aug 4 - Kimco Realty Q2 FFO rises, lifts 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)