Millrose Properties (NYSE: MRP) reported third-quarter 2026 revenue of $211.0 million and net income attributable to common shareholders of $130.0 million, or $0.78 per basic and diluted share.
The company raised its year-end 2026 quarterly AFFO run-rate outlook to $0.82 to $0.84 per share and said its board authorized a $250 million share repurchase program.
- Third-quarter option fee revenue was $209.5 million, while development loan income was $1.5 million.
- AFFO totaled $133.5 million, or $0.80 per share.
- Millrose ended the quarter with $10.6 billion in total assets, $0.8 billion in liquidity and $3.1 billion in corporate debt.
- The company reported $1.3 billion in land acquisitions and development funding during the quarter.
- Subsequent to quarter-end, Millrose completed approximately $1.1 billion of capital support related to Dream Finders Homes’ acquisition of Beazer Homes.
$MRP Insider Trading Activity
$MRP insiders have traded $MRP stock on the open market 8 times in the past 6 months. Of those trades, 8 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MRP stock by insiders over the last 6 months:
- DARREN RICHMAN (See Remarks) has made 2 purchases buying 235,000 shares for an estimated $6,418,320 and 0 sales.
- MATTHEW B. GORSON has made 2 purchases buying 7,500 shares for an estimated $207,742 and 0 sales.
- ROBERT NITKIN (Chief Operating Officer) purchased 1,840 shares for an estimated $48,944
- CARLOS A. MIGOYA purchased 1,000 shares for an estimated $29,180
- RACHEL PRESA (General Counsel and Secretary) has made 2 purchases buying 1,032 shares for an estimated $27,876 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MRP Hedge Fund Activity
We have seen 269 institutional investors add shares of $MRP stock to their portfolio, and 190 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BRAVE WARRIOR ADVISORS, LLC removed 2,485,172 shares (-29.2%) from their portfolio in Q2 2026, for an estimated $74,679,418
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,398,402 shares (+inf%) to their portfolio in Q2 2026, for an estimated $72,071,980
- FMR LLC added 1,702,571 shares (+26.1%) to their portfolio in Q2 2026, for an estimated $51,162,258
- BLACKROCK, INC. added 1,625,089 shares (+7.9%) to their portfolio in Q2 2026, for an estimated $48,833,924
- TWO SIGMA INVESTMENTS, LP removed 1,557,569 shares (-51.9%) from their portfolio in Q2 2026, for an estimated $46,804,948
- AQR CAPITAL MANAGEMENT LLC added 1,449,576 shares (+162.7%) to their portfolio in Q2 2026, for an estimated $43,559,758
- CAPITAL WORLD INVESTORS removed 1,088,073 shares (-66.2%) from their portfolio in Q2 2026, for an estimated $32,696,593
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
