10-Q Filing

MILLROSE PROPERTIES, INC. CIK: 2017206 Q2 2025

Filing Information

Form Type	10-Q
Accession Number	`0000950170-25-100912`
Period End Date	20250630
Filing Date	20250731
Fiscal Year	2025
Fiscal Period	Q2
XBRL Instance	ck0002017206-20250630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 104 Cash Flow Statement 108 Stockholders Equity 58

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Homesite inventory and other related assets	`HomesiteInventoryAndOtherRelatedAssets`	$7.85B	USD	Point-in-time
Homesite inventory and other related assets	`HomesiteInventoryAndOtherRelatedAssets`	$7.85B	USD	Point-in-time
Land and land under development	`LandAndLandUnderDevelopment`	$2.98B	USD	Point-in-time
Land and land under development	`LandAndLandUnderDevelopment`	$2.98B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Finished homesites	`FinishedHomesites`	$2.49B	USD	Point-in-time
Finished homesites	`FinishedHomesites`	$2.49B	USD	Point-in-time
Total inventories	`InventoryNet`	$7.85B	USD	Point-in-time
Total inventories	`InventoryNet`	$7.85B	USD	Point-in-time
Total inventories	`InventoryNet`	$5.47B	USD	Point-in-time
Total inventories	`InventoryNet`	$5.47B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$66.58M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$66.58M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Option fee receivables	`OptionFeeReceivables`	$46.63M	USD	Point-in-time
Option fee receivables	`OptionFeeReceivables`	$46.63M	USD	Point-in-time
Other assets	`OtherAssets`	$15.26M	USD	Point-in-time
Other assets	`OtherAssets`	$15.26M	USD	Point-in-time
Total assets	`Assets`	$5.47B	USD	Point-in-time
Total assets	`Assets`	$5.47B	USD	Point-in-time
Total assets	`Assets`	$7.97B	USD	Point-in-time
Total assets	`Assets`	$7.97B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$282.73M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$282.73M	USD	Point-in-time
Builder deposits	`BuilderDepositsLiability`	$799.56M	USD	Point-in-time
Builder deposits	`BuilderDepositsLiability`	$799.56M	USD	Point-in-time
Debt obligations, net	`DebtLongtermAndShorttermCombinedAmount`	$1.01B	USD	Point-in-time
Debt obligations, net	`DebtLongtermAndShorttermCombinedAmount`	$1.01B	USD	Point-in-time
Debt obligations, net	`DebtLongtermAndShorttermCombinedAmount`	$24.19M	USD	Point-in-time
Debt obligations, net	`DebtLongtermAndShorttermCombinedAmount`	$24.19M	USD	Point-in-time
Development guarantee holdback liability	`DevelopmentGuaranteeHoldbackLiability`	$100.00M	USD	Point-in-time
Development guarantee holdback liability	`DevelopmentGuaranteeHoldbackLiability`	$100.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$56.91M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$56.91M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$131.76M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$131.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$306.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$306.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.10B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.10B	USD	Point-in-time
Commitments and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 0 shares issued at June 30, 2025	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 0 shares issued at June 30, 2025	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 0 shares issued at June 30, 2025	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, 0 shares issued at June 30, 2025	`PreferredStockValue`	-	USD	Point-in-time
Predecessor equity	`OtherPartnersCapital`	$5.16B	USD	Point-in-time
Predecessor equity	`OtherPartnersCapital`	$5.16B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.87B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.87B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-98.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-98.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.77B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.77B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.24B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.24B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.88B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.88B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.16B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.16B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.46B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.46B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.97B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.97B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.47B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.47B	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Public shares outstanding	`SharesOutstanding`	0.00	shares	Point-in-time
Public shares outstanding	`SharesOutstanding`	0.00	shares	Point-in-time
Option fee revenues and other related income	`Revenues`	$149.00M	USD	1 Quarter
Option fee revenues and other related income	`Revenues`	$149.00M	USD	1 Quarter
Option fee revenues and other related income	`Revenues`	$231.70M	USD	2 Qtrs
Option fee revenues and other related income	`Revenues`	$231.70M	USD	2 Qtrs
Restricted stock unit ("RSUs") granted	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod`	0.00	shares	2 Qtrs
Restricted stock unit ("RSUs") granted	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod`	0.00	shares	2 Qtrs
Management fee expense	`ManagementFeeExpense`	$21.96M	USD	1 Quarter
Management fee expense	`ManagementFeeExpense`	$21.96M	USD	1 Quarter
Management fee expense	`ManagementFeeExpense`	$34.06M	USD	2 Qtrs
Management fee expense	`ManagementFeeExpense`	$34.06M	USD	2 Qtrs
Stock-based compensation expense	`StockBasedCompensationExpense`	$181.00K	USD	2 Qtrs
Stock-based compensation expense	`StockBasedCompensationExpense`	$181.00K	USD	2 Qtrs
Stock-based compensation expense	`StockBasedCompensationExpense`	$181.00K	USD	1 Quarter
Stock-based compensation expense	`StockBasedCompensationExpense`	$181.00K	USD	1 Quarter
Sales, general, and administrative expenses from pre-spin periods	`SellingGeneralAndAdministrativeExpenseFromPreSpinPeriod`	$116.75M	USD	2 Qtrs
Sales, general, and administrative expenses from pre-spin periods	`SellingGeneralAndAdministrativeExpenseFromPreSpinPeriod`	$116.75M	USD	2 Qtrs
Sales, general, and administrative expenses from pre-spin periods	`SellingGeneralAndAdministrativeExpenseFromPreSpinPeriod`	$24.96M	USD	2 Qtrs
Sales, general, and administrative expenses from pre-spin periods	`SellingGeneralAndAdministrativeExpenseFromPreSpinPeriod`	$24.96M	USD	2 Qtrs
Sales, general, and administrative expenses from pre-spin periods	`SellingGeneralAndAdministrativeExpenseFromPreSpinPeriod`	$59.76M	USD	1 Quarter
Sales, general, and administrative expenses from pre-spin periods	`SellingGeneralAndAdministrativeExpenseFromPreSpinPeriod`	$59.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.20M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$59.20M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$22.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$116.75M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$116.75M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-59.76M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-59.76M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$126.86M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$126.86M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$172.50M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$172.50M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-116.75M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-116.75M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.91M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.91M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.82M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.82M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$10.29M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$10.29M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$12.82M	USD	2 Qtrs
Interest expense	`InterestExpenseNonoperating`	$12.82M	USD	2 Qtrs
Other expenses	`OtherNonoperatingIncomeExpense`	$-866.00K	USD	1 Quarter
Other expenses	`OtherNonoperatingIncomeExpense`	$-866.00K	USD	1 Quarter
Other expenses	`OtherNonoperatingIncomeExpense`	$-866.00K	USD	2 Qtrs
Other expenses	`OtherNonoperatingIncomeExpense`	$-866.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-10.78M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-10.78M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-9.33M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-9.33M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$161.71M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$161.71M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-116.75M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-116.75M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.53M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.53M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.76M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.76M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.15M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.15M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$152.57M	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$152.57M	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$112.76M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$112.76M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$-116.75M	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$-116.75M	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$-59.76M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$-59.76M	USD	1 Quarter
Adjustment for expenses from pre-spin periods	`AdjustmentForExpensesFromPreSpinPeriods`	$24.96M	USD	2 Qtrs
Adjustment for expenses from pre-spin periods	`AdjustmentForExpensesFromPreSpinPeriods`	$24.96M	USD	2 Qtrs
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-59.76M	USD	1 Quarter
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-59.76M	USD	1 Quarter
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.76M	USD	1 Quarter
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.76M	USD	1 Quarter
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$177.53M	USD	2 Qtrs
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$177.53M	USD	2 Qtrs
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-116.75M	USD	2 Qtrs
Net income attributable to Millrose Properties, Inc. Common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-116.75M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.07	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.07	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	166.00M	shares	2 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	166.00M	shares	2 Qtrs
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	166.00M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	166.00M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.03M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.03M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.02M	shares	2 Qtrs
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.02M	shares	2 Qtrs

Cash Flow Statement 108 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$152.57M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$152.57M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-116.75M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-116.75M	USD	2 Qtrs
Sales, general, and administrative expenses from pre-spin periods	`NetAdjustmentsForExpensesFromPre-SpinPeriods`	$24.96M	USD	2 Qtrs
Sales, general, and administrative expenses from pre-spin periods	`NetAdjustmentsForExpensesFromPre-SpinPeriods`	$24.96M	USD	2 Qtrs
Interest paid-in-kind	`OperatingInterestPaidReveivedInKind`	$5.66M	USD	2 Qtrs
Interest paid-in-kind	`OperatingInterestPaidReveivedInKind`	$5.66M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$181.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$181.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.86M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.86M	USD	2 Qtrs
Amortization of discount	`AmortizationOfDebtDiscountPremium`	$80.00K	USD	2 Qtrs
Amortization of discount	`AmortizationOfDebtDiscountPremium`	$80.00K	USD	2 Qtrs
Amortization of debt financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.52M	USD	2 Qtrs
Amortization of debt financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.52M	USD	2 Qtrs
Land inventory	`IncreaseDecreaseInInventories`	$-709.60M	USD	2 Qtrs
Land inventory	`IncreaseDecreaseInInventories`	$-709.60M	USD	2 Qtrs
Option fee receivables	`IncreaseDecreaseInEarnestMoneyDepositsOutstanding`	$46.63M	USD	2 Qtrs
Option fee receivables	`IncreaseDecreaseInEarnestMoneyDepositsOutstanding`	$46.63M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$859.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$859.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.90M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.90M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.22M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.22M	USD	2 Qtrs
Deferred tax liabilities	`IncreaseDecreaseInDeferredLiabilities`	$89.00K	USD	2 Qtrs
Deferred tax liabilities	`IncreaseDecreaseInDeferredLiabilities`	$89.00K	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.38M	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.38M	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$599.90M	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$599.90M	USD	2 Qtrs
Option deposits from Lennar, Spin-Off	`ProceedsFromDepositsOnRealEstateSales`	$584.85M	USD	2 Qtrs
Option deposits from Lennar, Spin-Off	`ProceedsFromDepositsOnRealEstateSales`	$584.85M	USD	2 Qtrs
Purchase of Rausch land assets, net of builder deposits	`PaymentsToAcquireLand`	$858.94M	USD	2 Qtrs
Purchase of Rausch land assets, net of builder deposits	`PaymentsToAcquireLand`	$858.94M	USD	2 Qtrs
Investment in homesite inventory and other related assets, net of builder deposits	`InvestmentInHomesiteInventoryAndOtherRelatedAssetsNetOfBuilderDeposits`	$2.50B	USD	2 Qtrs
Investment in homesite inventory and other related assets, net of builder deposits	`InvestmentInHomesiteInventoryAndOtherRelatedAssetsNetOfBuilderDeposits`	$2.50B	USD	2 Qtrs
Sales of homesite inventory and other related assets, net of builder deposit credits	`TakedownsOfHomesiteInventoryAndOtherRelatedAssetsNetOfBuilderDepositCredits`	$1.44B	USD	2 Qtrs
Sales of homesite inventory and other related assets, net of builder deposit credits	`TakedownsOfHomesiteInventoryAndOtherRelatedAssetsNetOfBuilderDepositCredits`	$1.44B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33B	USD	2 Qtrs
Cash contribution from Lennar, Spin-Off	`CashContributionFromLennarSpinOff`	$415.15M	USD	2 Qtrs
Cash contribution from Lennar, Spin-Off	`CashContributionFromLennarSpinOff`	$415.15M	USD	2 Qtrs
Principal payments on debt	`PaymentsOfDebtIssuanceCosts`	$17.98M	USD	2 Qtrs
Principal payments on debt	`PaymentsOfDebtIssuanceCosts`	$17.98M	USD	2 Qtrs
Net transfers to Predecessor	`NetTransfersToPredecessor`	$-581.92M	USD	2 Qtrs
Net transfers to Predecessor	`NetTransfersToPredecessor`	$-581.92M	USD	2 Qtrs
Payments for Spin-Off deal costs	`PaymentsForSpinOffDealCosts`	$77.95M	USD	2 Qtrs
Payments for Spin-Off deal costs	`PaymentsForSpinOffDealCosts`	$77.95M	USD	2 Qtrs
Financing cost payments for revolving credit facility	`FinancingCostPaymentsForRevolvingCreditFacility`	$9.87M	USD	2 Qtrs
Financing cost payments for revolving credit facility	`FinancingCostPaymentsForRevolvingCreditFacility`	$9.87M	USD	2 Qtrs
Financing cost payments for delayed draw term loan facility	`FinancingCostPaymentsForDelayedDrawTermLoanFacility`	$14.07M	USD	2 Qtrs
Financing cost payments for delayed draw term loan facility	`FinancingCostPaymentsForDelayedDrawTermLoanFacility`	$14.07M	USD	2 Qtrs
Proceeds from revolving credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$950.00M	USD	2 Qtrs
Proceeds from revolving credit facility borrowings	`ProceedsFromLongTermLinesOfCredit`	$950.00M	USD	2 Qtrs
Repayments of revolving credit facility borrowings	`RepaymentsOfLongTermLinesOfCredit`	$925.00M	USD	2 Qtrs
Repayments of revolving credit facility borrowings	`RepaymentsOfLongTermLinesOfCredit`	$925.00M	USD	2 Qtrs
Proceeds from delayed draw term loan facility	`ProceedsFromRepaymentsOfSecuredDebt`	$1.00B	USD	2 Qtrs
Proceeds from delayed draw term loan facility	`ProceedsFromRepaymentsOfSecuredDebt`	$1.00B	USD	2 Qtrs
Dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$63.08M	USD	2 Qtrs
Dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$63.08M	USD	2 Qtrs
Payment of seller notes	`RepaymentsOfNotesPayable`	$6.00M	USD	2 Qtrs
Payment of seller notes	`RepaymentsOfNotesPayable`	$6.00M	USD	2 Qtrs
Net cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.27B	USD	2 Qtrs
Net cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.27B	USD	2 Qtrs
Net cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-599.90M	USD	2 Qtrs
Net cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-599.90M	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$66.58M	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$66.58M	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.58M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.58M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.58M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.58M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Homesite inventory contributed by Lennar, net of option deposits	`HomesiteInventoryContributedByLennarNetOfOptionDeposits`	$4.91B	USD	2 Qtrs
Homesite inventory contributed by Lennar, net of option deposits	`HomesiteInventoryContributedByLennarNetOfOptionDeposits`	$4.91B	USD	2 Qtrs
Decrease in deferred tax liabilities	`DecreaseInDeferredTaxLiabilitiesNonCash`	$59.84M	USD	2 Qtrs
Decrease in deferred tax liabilities	`DecreaseInDeferredTaxLiabilitiesNonCash`	$59.84M	USD	2 Qtrs
Liabilities for transaction deal costs and seller notes	`LiabilitiesForTransactionDealCostsAndSellerNotes`	$-96.95M	USD	2 Qtrs
Liabilities for transaction deal costs and seller notes	`LiabilitiesForTransactionDealCostsAndSellerNotes`	$-96.95M	USD	2 Qtrs
Common stock issued, Spin-Off	`NonCashImpactsOfCommonStockIssuedSpinOff`	$-1.66M	USD	2 Qtrs
Common stock issued, Spin-Off	`NonCashImpactsOfCommonStockIssuedSpinOff`	$-1.66M	USD	2 Qtrs
Non-cash increase in additional paid-in-capital, Spin-Off	`NonCashIncreaseInAdditionalPaidInCapitalSpinOff`	$-4.87B	USD	2 Qtrs
Non-cash increase in additional paid-in-capital, Spin-Off	`NonCashIncreaseInAdditionalPaidInCapitalSpinOff`	$-4.87B	USD	2 Qtrs
Reversal of Predecessor equity at Spin-Off	`ReversalOfPredecessorEquityAtSpinOff`	$5.16B	USD	2 Qtrs
Reversal of Predecessor equity at Spin-Off	`ReversalOfPredecessorEquityAtSpinOff`	$5.16B	USD	2 Qtrs
Option deposits	`OptionDepositNonCash`	$-90.26M	USD	2 Qtrs
Option deposits	`OptionDepositNonCash`	$-90.26M	USD	2 Qtrs
Development guarantee holdback liability	`DevelopmentGuaranteesHoldbackLiabilities`	$-100.00M	USD	2 Qtrs
Development guarantee holdback liability	`DevelopmentGuaranteesHoldbackLiabilities`	$-100.00M	USD	2 Qtrs
Increase in deferred tax liabilities	`IncreaseInDeferredTaxLiabilitiesNonCash`	$-116.66M	USD	2 Qtrs
Increase in deferred tax liabilities	`IncreaseInDeferredTaxLiabilitiesNonCash`	$-116.66M	USD	2 Qtrs
Builder deposits for investments in homesite inventory	`BuilderDepositsForInvestmentsInHomesiteInventory`	$-201.06M	USD	2 Qtrs
Builder deposits for investments in homesite inventory	`BuilderDepositsForInvestmentsInHomesiteInventory`	$-201.06M	USD	2 Qtrs
Builder deposit credits for sales of homesite inventory	`BuilderDepositCreditsForSalesOfHomesiteInventory`	$76.71M	USD	2 Qtrs
Builder deposit credits for sales of homesite inventory	`BuilderDepositCreditsForSalesOfHomesiteInventory`	$76.71M	USD	2 Qtrs
Reduction of debt for inventories financed by sellers	`ReductionOfDebtForInventoriesFinancedBySellers`	$-13.90M	USD	2 Qtrs
Reduction of debt for inventories financed by sellers	`ReductionOfDebtForInventoriesFinancedBySellers`	$-13.90M	USD	2 Qtrs
Dividends declared but not paid	`DividendsDeclaredButNotPaid`	$114.54M	USD	2 Qtrs
Dividends declared but not paid	`DividendsDeclaredButNotPaid`	$114.54M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$8.73M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$8.73M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$8.50M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$8.50M	USD	2 Qtrs

Stockholders Equity 58 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$3.77B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.77B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.24B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.24B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.88B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.88B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.87B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.87B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.16B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.16B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.46B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.46B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$152.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$152.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$112.76M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$112.76M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-116.75M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-116.75M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-59.76M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-59.76M	USD	1 Quarter
Adjustment for expenses from pre-spin periods	`AdjustmentForExpensesFromPreSpinPeriods`	$24.96M	USD	2 Qtrs
Adjustment for expenses from pre-spin periods	`AdjustmentForExpensesFromPreSpinPeriods`	$24.96M	USD	2 Qtrs
Contributions from Lennar, Spin-Off	`AdjustmentsToAdditionalPaidInCapitalContributionsFromSpin-Off`	$5.87B	USD	2 Qtrs
Contributions from Lennar, Spin-Off	`AdjustmentsToAdditionalPaidInCapitalContributionsFromSpin-Off`	$5.87B	USD	2 Qtrs
Reversal of predecessor equity	`ReversalOfPredecessorEquity`	$5.16B	USD	2 Qtrs
Reversal of predecessor equity	`ReversalOfPredecessorEquity`	$5.16B	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.86M	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.86M	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$181.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$181.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$181.00K	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$181.00K	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.71M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.71M	USD	1 Quarter
Dividends declared	`Dividends`	$114.54M	USD	1 Quarter
Dividends declared	`Dividends`	$114.54M	USD	1 Quarter
Dividends declared	`Dividends`	$177.62M	USD	2 Qtrs
Dividends declared	`Dividends`	$177.62M	USD	2 Qtrs
Contributions to Predecessor	`ContributionsToPredecessor`	$581.92M	USD	2 Qtrs
Contributions to Predecessor	`ContributionsToPredecessor`	$581.92M	USD	2 Qtrs
Contributions to Predecessor	`ContributionsToPredecessor`	$415.64M	USD	1 Quarter
Contributions to Predecessor	`ContributionsToPredecessor`	$415.64M	USD	1 Quarter
Ending balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Ending balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Ending balance	`StockholdersEquity`	$3.77B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.77B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.24B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.24B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.88B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.88B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.87B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.87B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.16B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.16B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.46B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.46B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.