🟢 Millrose Properties is trading 6% up today after earnings and higher fourth-quarter AFFO outlook

Millrose Properties is trading 5.77% up now at $25.29 after reporting third-quarter results and a higher fourth-quarter AFFO outlook.

• Third-quarter revenue was $211.0 million; net income was $130.0 million, or $0.78 per share.
• The company authorized a $250 million share repurchase program and reported record quarterly capital deployment of $1.3 billion.
• The broader market was mixed around the reported time, making company results and outlook the more direct explanation. Intraday volume was not provided.