Millrose Posts 3Q EPS of 78 Cents
MRP is trading near its 52-week low of $21.07 (14% above the low).
Summary
Millrose reported third-quarter EPS of $0.78, a penny above the $0.77 AFFO per share it delivered in Q2, while third-quarter adjusted funds from operations were $133.5 million, or 80 cents a share, on revenue of $211 million and net income of $130 million. The company raised its fourth-quarter 2026 AFFO run-rate guidance to $0.82-$0.84 per share and authorized a new $250 million share repurchase program. Context matters here: the company has been aggressively scaling its homesite platform, including up to $1.25 billion of capital support for Dream Finders' Beazer acquisition and a freshly closed $1.0 billion senior notes offering at 6.500% and 6.750%, which raises interest costs going forward. The $0.79 quarterly dividend declared in September is the payout level to compare against earnings power.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Millrose raised its fourth-quarter 2026 AFFO run-rate guidance to $0.82-$0.84 per share and authorized a new $250 million share repurchase program.
At the time of this announcement, MRP was trading at $23.99 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $21.07 to $33.37. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.