Millrose Properties Inc. (NYSE:MRP) is among the spin-off companies in 2025. Millrose was previously a wholly owned subsidiary of Lennar Corp. (NYSE:LEN), which, on February 7, 2025, completed the spin-off of Millrose, distributing approximately 80% of the shares of Millrose to its shareholders. Following this transaction, MRP became an independent company listed on the NYSE.

As part of the Spin-Off, Lennar contributed $5.5 billion in land assets, including approximately 87,000 homes, and $1 billion in cash to the company. However, he retained approximately 20% of Milrose’s outstanding common stock.

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In a vote of confidence, BTIG analyst Ryan Gilbert initiated coverage on Millrose Properties Inc. on Dec. 2. (NYSE:MRP) with a Buy recommendation and a $35 price target, according to The Fly. The initiation was part of Gilbert’s industry initiation note on the homebuilding and real estate services sector, and the analyst believes Milrose stock is “cheap relative to the opportunity.” Additionally, his bullish thesis was based on the belief that the company can offer builders a “compelling rate, both for its capital cost advantages and services through its technology platform.”

Also, on December 22, the company announced a quarterly cash dividend of approximately $124.5 million, or $0.75 per share, which was higher than the $0.73 per share paid in October. The dividend record date is January 5, 2026 and will be paid on January 15.

Since its split and subsequent listing, the company’s shares have performed well, increasing by 41%.

Millrose Properties Inc. (NYSE:MRP) is a Home Options Purchase Platform (HOPP’R) for residential homebuilders. The company buys and develops residential land and sells the completed lots to homebuilders through option contracts with pre-agreed prices and a set schedule.

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Disclosure: no. This article is originally published in Monkey Insider.