Millrose Properties Inc. (NYSE:MRP) is among the spin-off companies in 2025. Millrose was previously a wholly owned subsidiary of Lennar Corp. (NYSE:LEN), which, on February 7, 2025, completed the spin-off of Millrose, distributing approximately 80% of Millrose’s stock to its stockholders. After this transaction, MRP became an independent company listed on the NYSE. As part of the Spin-Off, Lennar contributed $5.5 billion in land assets, including approximately 87,000 homesites, and$1 billion in cash to ...