NewsHK
Homebuilders across the United States are stripping land from their balance sheets at an accelerating pace, and the capital that replaces it has to go somewhere.
Millrose Properties (NYSE: MRP), the Miami-based homesite option platform, collected $196.9 million in total revenues for the second quarter ended June 30, 2026, and posted net income of $125.9 million, or $0.76 per share.
The company declared its sixth consecutive quarterly dividend increase, paying $0.77 per share on July 15, 2026.
Q2 results: yield holds as capital cycles through Adjusted Funds From Operations came in at $127.6 million, or $0.77 per share, with the quarterly AFFO run rate reaching $0.80 per share, the high end of guidance.
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