Jesse Ross
Head of Financial Planning and Analysis
Replay available
Millrose Properties, Inc. Class A (NYSE: MRP) Q3 2025 earnings conference call, held 2025-10-23. Replay captured from the company's public earnings webcast.

Head of Financial Planning and Analysis
Chief Executive Officer and President
Chief Operating Officer
Chief Technology Officer
Chief Financial Officer
Analyst, Goldman Sachs
Analyst, Citigroup
Analyst, Lucid Capital Markets
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WEBVTT 00:00:00.031 -- 00:00:02.031 Ladies 00:00:02.113 -- 00:00:06.358 and gentlemen, thank you for standing by. At this time, I would like to welcome everyone 00:00:06.358 -- 00:00:12.005 to the Milrose Properties Third Quarter 2025 Earnings Results Conference Call. 00:00:12.005 -- 00:00:16.050 All lines have been placed on mute to prevent any background noise. 00:00:16.050 -- 00:00:19.414 After the speaker's remarks, there will be a question and answer session. 00:00:19.414 -- 00:00:23.999 If you would like to ask a question during that time, press star, followed by the number 00:00:23.999 -- 00:00:28.464 one on your telephone keypad. If you would like to withdraw your question, press star 00:00:28.464 -- 00:00:33.598 one again. I will now turn the call over to Jesse Ross, Melrose Head of Financial 00:00:33.598 -- 00:00:38.001 Planning and Analysis. Jesse, you may begin. 00:00:39.165 -- 00:00:44.792 Good morning. Thank you for joining us. With us today to discuss our third quarter 2025 00:00:44.792 -- 00:00:50.119 results are Darren Richman, our Chief Executive Officer and President, Robert Nicken, 00:00:50.119 -- 00:00:55.846 our Chief Operating Officer, Garrett Rosenblum, our Chief Financial Officer, 00:00:55.846 -- 00:01:00.909 Adil Pasha, our Chief Technology Officer, and Stephen Hensley, our Senior 00:01:00.909 -- 00:01:03.153 Market Risk Analyst. 00:01:03.153 -- 00:01:07.378 Before we begin, I'd like to remind everyone that this call may include forward-looking 00:01:07.378 -- 00:01:10.362 statements and discuss non-GAAP financial measures. 00:01:10.362 -- 00:01:15.850 Please refer to our third quarter 2025 financial and operational results announcements, 00:01:15.850 -- 00:01:21.077 as well as the third quarter investor presentation we released and posted o...