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Millrose Properties, Inc. logo

Millrose Properties, Inc.

MRP

NYSEReal EstateREIT - Residential

Open in GoAI

Previous close

$30.39

−$0.19 · -0.62%

Aug 21, 4:00 PM ET

MRP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

100

Deep Value

Momentum

34

Weakening

Sentiment

66

Bullish

Risk resilience

71

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Millrose Properties operates as a "Homesite Option Purchase Platform" (HOPP'R), representing an advanced evolution of residential land banking. This platform empowers homebuilders to expand their controlled land holdings more quickly and with greater capital efficiency. As a publicly traded entity, Millrose offers investors an exclusive chance to generate income, underpinned by residential real estate, a type of investment that was historically only available to institutional clients.

Industry
REIT - Residential
Sector
Real Estate
Headquarters
US
CEO
Darren L. Richman
Listed since
Feb 5, 2025
Employees
11

Market position

Day range

Current $30.39

52-week range

Current $30.39

Open
$30.645
Previous close
$30.58
Volume
623.52K
0.42× average
Average volume
1.47M
Average daily volume
Market cap
4.69B USD
Beta
0.3
Market reference 1
50-day average
$29.1152
+4.38% above average
200-day average
$29.6867
+2.37% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.04B USD
P/E (TTM)
10.59×
P/B (TTM)
0.86×
P/S (TTM)
6.16×
EV / EBITDA
14.3×
Earnings yield
7.66%
Free cash flow yield
74.07%
Dividend yield
9.90%

Profitability & efficiency

Gross margin
96.07%
Operating margin
85.11%
Net margin
62.60%
Return on equity
6.49%
Return on assets
4.10%
Return on invested capital
5.08%

Financial health

Debt / equity
0.42×
Current ratio
1.96×
Altman Z-score
1.02
Piotroski F-score
5 of 9

Financial statements

Income trends

Operating income

486.07M USD+732.29M USD

Net income

379.86M USD+626.09M USD
Income trends across reported periods559.3M USD266.38M USD−26.53M USD−319.45M USDOperating income, FY2022: −193.11M USDOperating income, FY2023: −209.79M USDOperating income, FY2024: −246.22M USDOperating income, FY2025: 486.07M USDNet income, FY2022: −144.25M USDNet income, FY2023: −209.79M USDNet income, FY2024: −246.22M USDNet income, FY2025: 379.86M USDFY2022FY2023FY2024FY2025
Operating income FY2022 −193.11M USD. Operating income FY2023 −209.79M USD. Operating income FY2024 −246.22M USD. Operating income FY2025 486.07M USD. Net income FY2022 −144.25M USD. Net income FY2023 −209.79M USD. Net income FY2024 −246.22M USD. Net income FY2025 379.86M USD.
Metric (USD)FY2025FY2024FY2023FY2022
Revenue600.46M USD———
Cost of goods sold87.75M USD———
Gross profit512.71M USD———
Selling, general, and administrative25.64M USD246.22M USD209.79M USD193.11M USD
Operating expenses26.64M USD246.22M USD209.79M USD193.11M USD
Interest income7.7M USD———
Interest expense91.79M USD———
Depreciation and amortization———193.11M USD
Operating income486.07M USD−246.22M USD−209.79M USD−193.11M USD
Net income379.86M USD−246.22M USD−209.79M USD−144.25M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
20%
1 beat, 3 misses, 1 met estimate
Average EPS surprise
-5.11%
5 comparable reports
Latest EPS result
0.76
Estimate 0.75 · Beat by 0.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.830.670.510.35Q1 '25No estimateQ2 '25No estimateQ3 '25MissQ4 '25MissQ1 '26MetQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual 0.39, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 0.39, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 0.68, estimate 0.74, surprise -8.11%, Miss. Q4 2025, reported Oct 23, 2025: actual 0.63, estimate 0.74, surprise -14.86%, Miss. Q1 2026, reported Feb 26, 2026: actual 0.74, estimate 0.74, surprise 0.00%, Met estimate. Q2 2026, reported May 6, 2026: actual 0.74, estimate 0.767, surprise -3.52%, Miss. Q3 2026, reported Aug 4, 2026: actual 0.76, estimate 0.753, surprise +0.93%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.793, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates218.54M169.91M121.27M72.64MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual 116.51M USD, estimate 149.3M USD, surprise -21.96%, Miss. Q2 2025, reported May 14, 2025: actual 82.7M USD, estimate 139.43M USD, surprise -40.69%, Miss. Q3 2025, reported Jul 31, 2025: actual 149M USD, estimate 168.75M USD, surprise -11.70%, Miss. Q4 2025, reported Oct 23, 2025: actual 179.26M USD, estimate 190.13M USD, surprise -5.72%, Miss. Q1 2026, reported Feb 26, 2026: actual 189.5M USD, estimate 190.13M USD, surprise -0.33%, Miss. Q2 2026, reported May 6, 2026: actual 194.93M USD, estimate 200.9M USD, surprise -2.97%, Miss. Q3 2026, reported Aug 4, 2026: actual 196.85M USD, estimate 201.99M USD, surprise -2.54%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 208.48M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

MRP news

defenseworld.net

Dimensional Fund Advisors LP Sells 422,152 Shares of Millrose Properties, Inc. $MRP

Dimensional Fund Advisors LP cut its holdings in shares of Millrose Properties, Inc. (NYSE: MRP) by 80.4% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange…

Read source
seekingalpha.com

Buy 9 August Dividend Power Dogs

The Dividend Power strategy selects 35 high-yield, low-valuation stocks, emphasizing robust dividends and resilience in downturns. Top ten Dividend Power stocks are projected to deliver an average 53.12% net gain by…

Read source
gurufocus.com

Millrose Properties to Provide Capital Support for Dream Finders Homes' Announced Acquisition of Beazer Homes with Up to $1.25 Billion Commitment

Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the homesite option platform for residential homebuilders, today announced a commitment by its manager to pro

Read source
businesswire.com

Millrose Properties to Provide Capital Support for Dream Finders Homes' Announced Acquisition of Beazer Homes with Up to $1.25 Billion Commitment

MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the homesite option platform for residential homebuilders, today announced a commitment by its manager to provide acquisition financing of up to…

Read source
marketbeat.com

Millrose Properties Q2 Earnings Call Highlights

Millrose Properties NYSE: MRP reported second-quarter 2026 adjusted funds from operations of $127.6 million, or $0.77 per diluted share, as recurring option-fee income increased alongside its invested capital base. The…

Read source
seekingalpha.com

Millrose Properties, Inc. (MRP) Q2 2026 Earnings Call Transcript

Millrose Properties, Inc. (MRP) Q2 2026 Earnings Call Transcript

Read source

Corporate actions

Corporate action history

Dividend

Ex-dividend Jul 6, 2026

$0.77

Quarterly

Record Jul 6, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Apr 2, 2026

$0.76

Quarterly

Record Apr 3, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Jan 5, 2026

$0.75

Quarterly

Record Jan 5, 2026 · Payment Jan 15, 2026

Dividend

Ex-dividend Oct 3, 2025

$0.73

Quarterly

Record Oct 3, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jul 3, 2025

$0.69

Quarterly

Record Jul 3, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Apr 4, 2025

$0.38

Quarterly

Record Apr 4, 2025 · Payment Apr 15, 2025

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ETFs holding MRP

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
282.89M
Weight
0.25%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
164.12M
Weight
0.22%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
137.54M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
99.22M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Gabelli Financial Services Opportunities ETF logoGabelli Financial Services Opportunities ETFGABF
Market value
92.69M
Weight
1.85%
AUM
50.2M USD
Expense ratio
0.90%
Price / 1D
$46.29+0.77%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
63.01M
Weight
0.09%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
49.63M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
44.2M
Weight
0.26%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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