Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Option fee revenues and other related income		$ 149,002		$ 231,700
Operating Expenses:
Management fee expense		21,960		34,064
Stock-based compensation expense		181		181
Sales, general, and administrative expenses from pre-spin periods			$ 59,761	24,960	$ 116,748
Total operating expenses		22,141	59,761	59,205	116,748
Income (loss) from operations		126,861	(59,761)	172,495	(116,748)
Other income (expense):
Interest income		1,818		2,906
Interest expense		(10,285)		(12,821)
Other expenses		(866)		(866)
Total other income (expense)		(9,333)		(10,781)
Net income (loss) before income taxes		117,528	(59,761)	161,714	(116,748)
Income tax expense		4,768	0	9,148	0
Net income (Loss)		112,760	(59,761)	152,566	(116,748)
Adjustment for expenses from pre-spin periods				24,960
Net income attributable to Millrose Properties, Inc. Common shareholders		$ 112,760	$ (59,761)	$ 177,526	$ (116,748)
Basic earnings per share		$ 0.68		$ 1.07
Diluted earnings per share		$ 0.68		$ 1.07
Basic weighted average common shares outstanding		166,003,497		166,003,497
Diluted weighted average common shares outstanding		166,031,175		166,020,988
Class A and Class B Common Stock
Other income (expense):
Basic earnings per share		$ 0.68		$ 1.07
Diluted earnings per share		$ 0.68		$ 1.07
Basic weighted average common shares outstanding	[1]	166,003,497		166,003,497
Diluted weighted average common shares outstanding	[2]	166,031,175		166,020,988

[1] Basic weighted average common shares for the three and six months ended June 30, 2025 represent the common shares issued at the Spin-Off, which are the common shares outstanding as of June 30, 2025. No publicly-listed shares were outstanding as of June 30, 2024.

[2] Diluted weighted shares for the three and six months ended June 30, 2025 include 28,300 restricted stock unit (“RSUs”) granted in the aggregate to each member of tbe Board under the 2024 Incentive Plan on April 3, 2025. The RSUs were unvested as of June 30, 2025.