MIAMI (AP) — MIAMI (AP) — Millrose Properties Inc. (MRP) on Thursday reported net income of $122.2 million in its fourth quarter.

The Miami-based company said it had net income of 74 cents per share.

The real estate investment trust that acquires and develops land for home builders posted revenue of $189.5 million in the period.

For the year, the company reported profit of $404.8 million, or $2.44 per share. Revenue was reported as $600.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRP at https://www.zacks.com/ap/MRP