Millrose Properties, Inc. (MRP)
| Market Cap | 3.69B -28.5% |
| Revenue (ttm) | 760.54M +228.2% |
| Net Income | 476.06M +890.7% |
| EPS | 2.87 +890.6% |
| Shares Out | 166.05M |
| PE Ratio | 7.75 |
| Forward PE | 7.03 |
| Dividend | $3.16 (14.22%) |
| Ex-Dividend Date | Oct 5, 2026 |
| Volume | 4,745,555 |
| Open | 21.62 |
| Previous Close | 21.22 |
| Day's Range | 21.39 - 22.26 |
| 52-Week Range | 21.07 - 33.49 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 36.60 (+64.72%) |
| Earnings Date | Oct 27, 2026 |
About MRP
Millrose Properties, Inc. is the premier permanent capital solution for residential homebuilders and developers. The company specializes in the acquisition, financing and development of residential land through long-term, capital-efficient structures. The company also provides homebuilders with a predictable, just-in-time supply of finished homesites – the scarcest and mission-critical resource in the homebuilding industry. Millrose utilizes a proprietary technology platform that provides real-time feedback and data analytics to drive acquisiti... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for MRP stock is "Strong Buy." The 12-month stock price target is $36.6, which is an increase of 64.72% from the latest price.
News
Millrose’s Lennar story ‘doesn’t match evidence,’ says Hunterbrook Media
Hunterbrook Media alleges that Millrose’s (MRP) actual purchases from Lennar (LEN) diverge from the rent-to-own model presented to Goldman Sachs (GS), finding none of 75 sampled homes occupied and rep...
Millrose Properties Announces Date of Third Quarter 2026 Earnings Release and Conference Call
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the homesite option platform for residential homebuilders, today announced that it will release its financial results for the...
Millrose Properties downgraded to Market Perform from Outperform at Citizens
Citizens analyst Aaron Hecht downgraded Millrose Properties (MRP) to Market Perform from Outperform without a price target. The firm says shifts within the business are brining uncertainty. The compan...
Lennar’s big new customer ‘is its own spinoff,’ Hunterbrook says
Lennar (LEN) is struggling to sell houses, so it found a buyer it previously owned, namely Millrose Properties (MRP), which gets most of its revenue from Lennar and counts Lennar’s…
Millrose Properties Announces Quarterly Dividend Payment
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the homesite option platform for residential homebuilders, today announced that its Board of Directors has declared a quarter...
Millrose Properties, Inc. Announces Pricing of $1.0 Billion Senior Notes Offering
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today the pricing of its private offering (the “Offering”) of $1.0 billion in aggregate principal ...
Millrose Properties announces launch of $1B senior notes offering
Millrose Properties (MRP) plans to offer up to $1B in aggregate principal amount of senior notes in two separate tranches, one representing $500M in aggregate principal amount of senior notes…
Millrose Properties, Inc. Announces Launch of $1.0 Billion Senior Notes Offering
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today that it plans to offer (the “Offering”) up to $1.0 billion in aggregate principal amount of ...
Millrose to provide capital support for Dream Finders’ Beazer Homes acquisition
Millrose Properties (MRP) announced a commitment by its manager to provide acquisition financing of up to $1.25B to support Dream Finders Homes (DFH) publicly announced acquisition of Beazer Homes (BZ...
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...
Millrose Properties Earnings Call Transcript: Q2 2026
Q2 saw strong growth in Invested Capital, recurring AFFO, and expanded builder relationships, including entry into multifamily land banking. No option terminations, robust underwriting, and a disciplined capital approach support continued dividend growth and a strong outlook amid a bifurcated housing market.
Millrose Properties Earnings release: Q2 2026
Millrose Properties released its Q2 2026 earnings on August 4, 2026, summarizing the period's financial results.
Millrose Properties Slides: Q2 2026
Millrose Properties has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 4, 2026.
Millrose Properties Quarterly report: Q2 2026
Millrose Properties has published its Q2 2026 quarterly earnings report on August 4, 2026.
Millrose Properties reports Q2 AFFO 77c vs 69c last year
Reports Q2 revenue $196.853M, consensus $202.67M. “We delivered another strong quarter and declared our sixth consecutive quarterly dividend increase, results that highlight the reliability of the Mil...
Millrose Properties Reports Second Quarter 2026 Financial Results
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the homesite option platform for residential homebuilders and developers, today announced its financial resu...
Millrose Properties to provide permanent capital solution to JPI
Millrose Properties (MRP) and JPI announced the closing of the first acquisition in a new land banking facility established by JPI and Kennedy Lewis Investment Management, the parent of Millrose’s…
Millrose Properties to Provide Permanent Capital Solution to JPI for Multifamily Housing Development
MIAMI & DALLAS--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the homesite option platform for residential homebuilders, and JPI, a premier developer of multifamily communities a...
Millrose Properties Announces Date of Second Quarter 2026 Earnings Release and Conference Call
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the homesite option platform for residential homebuilders, today announced that it will release its financial results for the...
Millrose Properties management to meet with JMPS-Citizens
Meeting to be held in Chicago on June 11 hosted by JMPS-Citizens.
Millrose to provide land banking capital for Dream Finders’ proposed acquisition
Millrose Properties (MRP) announced its intent to provide land banking capital to support Dream Finders Homes’ (DFH) proposed acquisition of Beazer Homes (BZH). Upon completion of the acquisition, Mil...
Millrose Properties Announces Land Banking Capital Support for Dream Finders Homes' Proposed Acquisition of Beazer Homes
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”) today announced its intent to provide land banking capital to support Dream Finders Homes' proposed acquisiti...
Millrose Properties reports Q1 AFFO 76c vs 39c last year
Reports Q1 revenue $194.93M, consensus $200.9M. “We began 2026 with solid first quarter results, reflecting consistent execution of our strategy,” said Darren Richman, Chief Executive Officer and Pres...
Millrose Properties sees FY26 AFFO growth roughly 10% y/y
The Company is reaffirming its previously issued guidance from its fourth quarter and full year 2025 earnings call. First quarter results and pipeline activity remain consistent with these expectation...
Millrose Properties Earnings Call Transcript: Q1 2026
Q1 2026 saw strong recurring earnings, expanded builder relationships, and disciplined capital deployment. AFFO and net income rose, with robust liquidity and a deep pipeline supporting continued growth. Industry trends toward capital efficiency and asset-light models are accelerating demand.