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Millrose Properties one-year report card, Q1 2026 earnings
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Millrose Properties one-year report card, Q1 2026 earnings
A year ago, when Lennar completed the spin-off of Millrose Properties into a standalone, publicly traded REIT, the sheer size, root motivation and the complex nature of the pivot ushered in an era of land-banking unlike any before. Global capital asset managers followed suit. Land-banking and asset-light or land-light business and balance sheet management began to fuse in many people’s minds into a single, inseparable notion. The Millrose spin w…
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