Millrose Properties reports Q1 2026 earnings of $0.74/share, expands to 17 homebuilders

Filed May 6, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 net income of $122.9M ($0.74/share) and AFFO of $125.9M ($0.76/share), up 0.5% from prior quarter despite fewer calendar days; company declared matching $0.76/share dividend

  Exhibit 99.1 verify on EDGAR →
• high

  Expanded homebuilder counterparty base to 17 (adding a top-10 national builder) and grew invested capital outside Lennar by $365M to $2.7B at 10.7% weighted average yield

  Exhibit 99.2 verify on EDGAR →
• high

  Reaffirmed 2026 guidance: targeting Q2 exit AFFO run rate of $0.78–$0.80/share and full-year net capital deployment up to $2B, implying ~10% year-over-year AFFO per share growth

  Exhibit 99.1 verify on EDGAR →