Millrose Properties, Inc. furnished investor presentation materials as Exhibit 99.1 under Item 7.01 for use in discussions with investors at Citi’s 2026 Global Property CEO Conference on March 2, 2026 and J.P. Morgan Global High Yield & Leveraged Finance Conference on March 3, 2026. The materials detail the Company's homesite option platform, including portfolio metrics as of December 31, 2025.
Key takeaways
142,139 current homesites across 933 communities in 30 states as of 12/31/2025
~$16.1B total future takedown proceeds, with top 10 states (CA, TX, FL, etc.) representing 79.8% or $12.8B
~$9.2B total land assets and ~$5.9B shareholders equity as of 12/31/2025
26% debt to capitalization ratio and ~$1.3B liquidity (including $35M cash and $1.3B revolver capacity) as of 12/31/2025
9.2% weighted average yield
Anchor relationship with Lennar and external manager Kennedy Lewis Land and Residential Advisors LLC