Millrose Properties Q3 Adjusted Funds From Operations, Revenue Rise

08:50 AM EDT, 10/27/2026 (MT Newswires) -- Millrose Properties (MRP) reported Q3 adjusted funds from operations Tuesday of $0.80 per diluted share, up from $0.74 a year earlier. Four analysts polled by FactSet expected $0.79. Revenue for the quarter ended Sept. 30 was $211.0 million, up from $179.3 million a year earlier. Analysts expected $205.2 million. The company said it raised guidance for Q4 AFFO to a range of $0.82 to $0.84 per share. Analysts expected $0.80. The company's board authorized a new $250 million share repurchase program in October, citing confidence in its financial performance and long-term prospects. Millrose Properties shares were up 5% in premarket activity.