Millrose Q2 FY26 net income rises 2% to $125.9 million vs prior quarter - MRP News | RalliesMillrose Q2 FY26 net income rises 2% to $125.9 million vs prior quarter
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MRP• Millrose reports Q2 2026 results
- Millrose Properties posted Q2 2026 net income of $125.9 million, up 2% from the prior quarter; EPS was $0.76.
- Revenue totaled $196.9 million, including $195.4 million of option fee revenues.
- Non-GAAP AFFO was $127.6 million, or $0.77 per share; the quarterly dividend was $127.9 million, or $0.77 per share.
Funding, takedown proceeds and liquidity
- Funded $1.1 billion for land acquisition and development, receiving net takedown proceeds of $1 billion, including $0.6 billion under the Lennar MPA.
- Liquidity was about $1.4 billion at June 30, with $485 million drawn on the revolver; debt-to-capitalization was 30%.
