NYSE$MRP

Millrose Properties Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Millrose Properties reported Q2 2025 revenue of $149.0M, net income of $112.8M, diluted EPS of $0.68.

For Q2 2025, Millrose Properties reported Revenue was $149.0M, net income was $112.8M, diluted EPS was $0.68. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $149.0M for Q2 2025.
  • Net income $112.8M.
  • Diluted EPS $0.68.

Headline financials

Total Revenue

$149M

No prior period
EPS (adj)

$0.68

No prior period
Adjusted Funds From Operations

$115M

No prior period
Annualized Return on Equity

7.8%

No prior period
Total Portfolio Weighted Average Annualized Yield

8.9%

No prior period
Lennar Invested Capital

$6.3B

No prior period
Other Agreements Invested Capital

$1.1B

No prior period
Homesites in Portfolio

129.0K

No prior period
Communities in Portfolio

1.0K

No prior period
States in Portfolio

29

No prior period
Debt-to-Capitalization Ratio

15.0%

No prior period
Adjusted EBITDA

$129M

No prior period
Capital Expenditures

-$859M

No prior period
Free Cash Flow

-$746M

No prior period
Net Income

$113M

No prior period
Operating Income

$127M

No prior period
Gross Profit

$149M

No prior period

Revenue & EPS history

Millrose Properties Inc · Revenue · Quarterly

$149M

Q2 2025

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.6%

Avg return

30 days after

40%

2 / 5 earnings

Positive

+4.4%

Q1 2025

Best reaction

-6.3%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.3%-9.3%-3.9%
Q4 2025+0.4%+1.9%-9.0%
Q3 2025-0.7%-1.0%-7.7%
Q2 2025-1.9%+2.4%+15.6%
Q1 2025+4.4%+7.7%+2.1%

Discussion

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