Millrose Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Other Revenue	760.54	600.46	-	-	-
Total Revenue	760.54	600.46	-	-	-
Revenue Growth (YoY	228.24%	-	-	-	-
Property Expenses	111.75	87.75	-	-	-
Selling, General & Administrative	-	24.96	246.22	209.79	193.11
Total Operating Expenses	113.25	114.39	246.22	209.79	193.11
Operating Income	647.29	486.07	-246.22	-209.79	-193.11
Interest Expense	-158.2	-91.79	-	-	-
Interest & Investment Income	7.03	7.7	-	-	-
Other Non-Operating Income	-1.21	-1.61	-	-	-
EBT Excluding Unusual Items	494.92	400.37	-246.22	-209.79	-193.11
Other Unusual Items	-	24.96	-	-	-
Pretax Income	494.92	425.33	-246.22	-209.79	-193.11
Income Tax Expense	18.85	20.51	-	-	-48.86
Net Income	476.06	404.82	-246.22	-209.79	-144.25
Net Income to Common	476.06	404.82	-246.22	-209.79	-144.25
Net Income Growth	890.70%	-	-	-	-
Basic Shares Outstanding	166	166	-	-	-
Diluted Shares Outstanding	166	166	-	-	-
Shares Change	0.02%	-	-	-	-
EPS (Basic)	2.87	2.44	-	-	-
EPS (Diluted)	2.87	2.44	-	-	-
EPS Growth	890.64%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	3.010	2.550	-	-	-
Dividend Growth	181.31%	-	-	-	-
Operating Margin	85.11%	80.95%	-	-	-
Profit Margin	62.59%	67.42%	-	-	-
EBIT	647.29	486.07	-246.22	-209.79	-193.11
EBIT Margin	85.11%	80.95%	-	-	-
Funds From Operations (FFO)	476.06	404.82	-	-	-
FFO Per Share	2.87	2.44	-	-	-
Adjusted Funds From Operations (AFFO)	-	427.9	-	-	-
AFFO Per Share	-	2.58	-	-	-
FFO Payout Ratio	102.19%	73.81%	-	-	-
Effective Tax Rate	3.81%	4.82%	-	-	-
Revenue as Reported	760.54	600.46	-	-	-

SEC Filings: 10-K · 10-Q