Millrose Properties, Inc. (NYSE: MRP)

This lawsuit is for anyone who acquired securities in Millrose Properties, Inc. (NYSE: MRP) from February 7, 2025 through October 2, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lwsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company would not be a landlord but then by purchasing homes from its parent Company, Lennar, and renting out those homes.

On October 2, 2026, Hunterbrook published a report alleging that “[c]ontrary to the plans in its initial SEC filings, Millrose has now bought an estimated $200 million of Lennar homes in about a month and is renting them out at what appears to be a loss.” Further, the report stated that although “[a]ccounting rules say a company cannot book a sale to an entity it controls; a forensic accountant told Hunterbrook the question of Lennar’s control over Millrose seems ‘black and white’ in spirit[.”] On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Millrose Properties, Inc. (NYSE: MRP) from February 7, 2025 through October 2, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.