Millrose Properties (NYSE:MRP) reported second-quarter 2026 adjusted funds from operations of $127.6 million, or $0.77 per diluted share, as recurring option-fee income increased alongside its invested capital base. Recurring option-fee income totaled $195.4 million, while development-loan income was $1.5 million, according to Chief Financial Officer Garett Rosenblum. Capital Recycling and Portfolio GrowthMillrose ended the quarter with about $8.8 billion of invested capital and $9.7 billion of total assets. The aggregate dividend was approximately $127.9 million and was fully supported by recurring earnings, management said. About Millrose Properties (NYSE:MRP)Millrose Properties Corp is a publicly traded real estate investment trust that focuses on the acquisition, ownership and development of industrial and logistics properties.