Finance
This Brand New Stock Yields 10%, Has Double-Digit Dividend Growth
Date: 2025-11-21 19:00:18
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A brand new real estate investment trust was launched earlier this year that’s unlike any other that exists. It’s delivered some impressive dividend growth in its first nine months of existence, growing their payout from 38 cents per share to 73 cents. This gives their stock a dividend yield of nearly 10%, which is really unusual for a REIT, considering this isn’t a mortgage REIT. Today we’re going to take a look at Millrose Properties, ticker MRP. Millrose is the first ever publicly traded land banking REIT, which puts it in its own unique category. So let’s take a closer look at how this type of REIT works, how its dividends work, and if it’s worth considering for its high yield.
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