v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Option fee revenues $ 195,400 $ 141,084 $ 380,700 $ 221,165
Development loan income 1,453 7,918 11,081 10,535
Total revenues 196,853 149,002 391,781 231,700
Operating Expenses:        
Management fee expense 29,909 21,960 58,061 34,064
Stock-based compensation expense 217 181 909 181
Provision for (benefit from) credit loss expense (907)   (907)  
Sales, general, and administrative expenses from pre-spin periods       24,960
Total operating expenses 29,219 22,141 58,063 59,205
Income from operations 167,634 126,861 333,718 172,495
Other income (expense):        
Interest income 1,108 1,818 2,236 2,906
Interest expense (40,014) (10,285) (79,226) (12,821)
Other expenses (391) (866) (471) (866)
Total other income (expense) (39,297) (9,333) (77,461) (10,781)
Net income before income taxes 128,337 117,528 256,257 161,714
Income tax expense 2,456 4,768 7,492 9,148
Net income 125,881 112,760 248,765 152,566
Adjustment for expenses from pre-spin periods       24,960
Net income attributable to Millrose Properties, Inc. common stockholders $ 125,881 $ 112,760 $ 248,765 $ 177,526
Basic earnings per share $ 0.76 $ 0.68 $ 1.5 $ 1.07
Diluted earnings per share $ 0.76 $ 0.68 $ 1.5 $ 1.07
Basic weighted average common shares outstanding 166,046,951 166,003,497 166,025,344 166,003,497
Diluted weighted average common shares outstanding 166,060,914 166,031,175 166,049,937 166,020,988
Class A and Class B Common Stock        
Other income (expense):        
Basic earnings per share $ 0.76 $ 0.68 $ 1.5 $ 1.07
Diluted earnings per share $ 0.76 $ 0.68 $ 1.5 $ 1.07
Basic weighted average common shares outstanding 166,046,951 166,003,497 166,025,344 166,003,497
Diluted weighted average common shares outstanding 166,060,914 166,031,175 166,049,937 166,020,988