08:32 AM EDT, 10/23/2025 (MT Newswires) -- Millrose Properties ( MRP ) reported Q3 adjusted funds from operations, a non-GAAP measure, Thursday of $0.74 per diluted share.

That matched the average estimate of two analysts polled by FactSet.

Total revenue for the quarter ended Sept. 30 was $179.3 million.

Analysts surveyed by FactSet expected $172.6 million.

Milrose said it now expects a year-end AFFO quarterly run rate of $0.74 to $0.76 per share. That compares with its prior guidance of between $0.70 and $0.73.

The company was spun-off from Lennar (LEN) in February as an independently listed company.