Millrose Properties, Inc. (MRP)
| Market Cap | 5.36B |
| Revenue (ttm) | 231.70M |
| Net Income (ttm) | 48.05M |
| Shares Out | 166.00M |
| EPS (ttm) | 0.29 |
| PE Ratio | 111.55 |
| Forward PE | 11.38 |
| Dividend | $2.76 (8.55%) |
| Ex-Dividend Date | Oct 3, 2025 |
| Volume | 1,353,861 |
| Open | 32.03 |
| Previous Close | 32.08 |
| Day's Range | 31.89 - 32.32 |
| 52-Week Range | 21.02 - 36.00 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 35.38 (+9.57%) |
| Earnings Date | Oct 23, 2025 |
About MRP
Millrose purchases and develops residential land and sells finished homesites to home builders by way of option contracts with predetermined costs and takedown schedules. Millrose serves as a solution for home builders seeking to expand access to finished homesites while implementing an asset-light strategy. As fully developed homesites are sold by Millrose, capital is recycled into future land acquisitions for home builders, providing customers with durable access to community growth. [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 4 analysts, the average rating for MRP stock is "Strong Buy." The 12-month stock price target is $35.38, which is an increase of 9.57% from the latest price.
News
This REIT Offers 9% Yield, Potential Gains, as Land Bank to Homebuilders
Millrose Properties looks poised to deliver nice returns for investors after a successful spinoff from Lennar earlier this year.
The State Of REITs: October 2025 Edition
After a strong August, REITs faded slightly in September (-0.73%), pulling the REIT sector's year-to-date average total return down to (-1.74%). Mid-cap REITs (-0.92%) averaged the lowest total return...
REITs Signal Their Self-Valuation With Capital Activity
REITs in 2025 have shown disciplined capital raising, issuing equity mainly when trading at premiums to NAV and capturing low-cost debt opportunistically. Welltower and CareTrust issued equity at sign...
Lennar Launches Exchange Offer of Millrose Stock for Lennar Stock
MIAMI , Oct. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar"), one of the nation's leading homebuilders, announced today its offer to exchange the approximately 20% it owns...
Millrose Properties, Inc. Provides Preliminary, Unaudited Third Quarter 2025 Results and Business Update
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”), based on information available as of October 9, 2025, is providing preliminary, unaudited results for the t...
Trade Tracker: Jenny Harrington buys Millrose Properties and Kimberly-Clark
Jenny Harrington, CEO at Gilman Hill Asset Management, joins CNBC's "Halftime Report" to detail her latest buys.
Millrose Properties Announces Date of Third Quarter 2025 Earnings Release and Conference Call
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that it will release its financial result...
Millrose Properties Announces Quarterly Dividend Payment
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that its Board of Directors has declared ...
Millrose Properties, Inc. Announces Pricing of Upsized $750 Million 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 $750 million aggregate principal amo...
Millrose Properties, Inc. Announces Launch of $500 Million 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 $500 million aggregate principal amount of sen...
Millrose Properties: An 8% Investment-Grade Dividend Yield From American Land Banking
Millrose Properties is paying out a substantial dividend yield of 8% following its spinoff from Lennar earlier this year. The REIT is trading at a small discount to its book value per share and is tar...
Millrose Properties, Inc. Announces Pricing of Upsized $1.25 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 $1.25 billion aggregate principal am...
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 aggregate principal amount of sen...
Millrose Properties Reports Strong Second Quarter 2025 Financial Results
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the Homesite Option Purchase Platform for residential homebuilders, today announced its financial results fo...
5 Stocks That Launched New Dividends In This Roller-Coaster Market
Brand new dividends are often the best divvies to buy. Here why.
Taylor Morrison and Kennedy Lewis Investment Management Agree to Financing Facility for Build-to-Rent Communities
America's Most Trusted Home Builder secures a financial facility arrangement SCOTTSDALE, Ariz. , July 23, 2025 /PRNewswire/ -- America's Most Trusted® Home Builder Taylor Morrison (NYSE: TMHC) and Ke...
Millrose Properties Announces Date of Second Quarter 2025 Earnings Release and Conference Call
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that it will release its financial result...
Millrose Properties: Attractive Income But Limited Upside (Rating Downgrade)
Millrose Properties has delivered strong, predictable results post-spin, with recurring option fee income and faster-than-expected third-party deal growth. The company offers a nearly 10% dividend yie...
New Home Co. Completes Acquisition of Landsea Homes Corporation
Establishes Top 25 National Homebuilder with Strong Foundation for Growth Establishes Top 25 National Homebuilder with Strong Foundation for Growth
Millrose Properties Reports First Quarter 2025 Financial Results
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the Homesite Option Purchase Platform for residential homebuilders, today announced its financial results fo...
Millrose Properties Announces Date of First Quarter 2025 Earnings Release and Conference Call
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”), the Homesite Option Purchase Platform for residential homebuilders, today announced that it will release its financial result...
Baron Real Estate Fund Q1 2025 Top Contributors And Detractors
Welltower Inc. outperformed due to its strong senior housing portfolio, cyclical and secular growth prospects, and strategic acquisition of Amica. American Tower Corporation showed solid performance d...
Millrose Properties Is A Compelling Opportunity As Its Business Ramps
Millrose Properties shares surged 10% following its first quarterly dividend announcement and anticipated earnings run-rate, making it an attractive investment. MRP, spun out from Lennar, holds attrac...