Millrose Properties, Inc. MRP
- Headquarters
- Chevy Chase, MD
- Next results
- around Feb 25, 2027
MRP among Real estate peers
Six ratios from the latest 10-K. Each corner is the share of 89 peers the company is above, not a score.
What changed
106 new risk paragraphs. 10-K filed Mar 2, 2026 against Mar 31, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 8 checks found nothing to note
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Cash from operations $3.7B vs net income $379.9M (FY ending Dec 31, 2025)
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Auditor names not available for both 10-Ks; no 8-K item 4.01
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No statement of substantial doubt about going concern
5 more checks with nothing to note
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
106 paragraphs in Risk Factors that were not in the 10-K filed Mar 31, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
Our business consists primarily of owning and selling assets in connection with providing our homesite option platform to Lennar and Other Counterparties. Lennar is currently our largest counterparty and our business was initially formed to engage in land bank transactions with Lennar as well as potential Lennar Related Ventures and…
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Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
We entered into the Lennar Agreements and Management Agreement simultaneous with the Spin-Off from Lennar. These agreements were prepared at Lennar’s direction, in consultation with its strategic advisor, Kennedy Lewis. Because Lennar’s and Millrose’s interests may have differed when these agreements were negotiated, the agreements may…
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Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
If we refuse to sell homesites to Lennar after it exercises a purchase option, Lennar has an Enforcement Right by which it can compel us to sell and, if we fail to comply within a ten-day cure period, Lennar may immediately stop all monthly option payments on all properties covered by the Lennar Agreements without penalty or breach.…
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Item 1A · new paragraph · not in the 10-K filed Mar 31, 2025 10-K, ITEM 1A
We have not obtained Phase I or similar environmental reports from independent consultants for our real estate assets, including those acquired in the Spin-Off from Lennar and in the Rausch Transaction. Going forward, we expect to obtain Phase I and similar environmental reports for newly acquired real estate assets, although we may not…
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QNov 4, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 27, 2026Quarterly results, Regulation FD disclosure, Other events 8-K items 2.02, 7.01, 8.01
About the company
Millrose Properties, Inc., Chevy Chase, MD · from the 10-K filed Mar 2, 2026
- Headquarters
- Chevy Chase, MD
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 27, 2026
- Incorporated in
- MD
Email alerts
Sources
The 10-K filed Mar 2, 2026 (open at SEC), compared with the 10-K filed Mar 31, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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