Millrose Properties, Inc. (MRP)
| Market Cap | 4.47B +9.8% |
| Revenue (ttm) | 712.69M +761.8% |
| Net Income | 462.94M |
| EPS | 2.79 |
| Shares Out | 166.05M |
| PE Ratio | 9.66 |
| Forward PE | 8.53 |
| Dividend | $3.04 (11.29%) |
| Ex-Dividend Date | Apr 2, 2026 |
| Volume | 2,421,996 |
| Open | 27.14 |
| Previous Close | 26.90 |
| Day's Range | 26.78 - 27.65 |
| 52-Week Range | 25.22 - 36.00 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 37.90 (+40.74%) |
| Earnings Date | May 6, 2026 |
About MRP
Millrose Properties, Inc. is the premier homesite option platform for residential homebuilders. The company specializes in the acquisition and horizontal development of land to provide a predictable, just-in-time supply of finished homesites – the scarcest and mission-critical resource in the homebuilding industry. Unlike traditional land bankers, Millrose utilizes a proprietary technology platform that provides real-time feedback and data analytics to drive acquisition decisions. Every transaction in the Millrose portfolio undergoes rigorous i... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 5 analysts, the average rating for MRP stock is "Strong Buy." The 12-month stock price target is $37.9, which is an increase of 40.74% from the latest price.
News
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
Solid Q1 2026 results with net income of $122.9M and AFFO of $125.9M, driven by disciplined capital deployment and expanding builder relationships. Platform benefits from industry shift to capital-light models, with robust liquidity and upgraded unsecured capital structure.
Millrose Properties Reports First Quarter 2026 Financial Results
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the homesite option platform for residential homebuilders, today announced its financial results for the fir...
Millrose Properties Announces Date of First Quarter 2026 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 files automatic mixed securities shelf
16:12 EDT Millrose Properties (MRP) files automatic mixed securities shelf
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Millrose amends credit agreement, expands to $1.835B unsecured facility
Millrose Properties (MRP) announced the closing of an amendment to its credit facility with JPMorgan Chase Bank, N.A. serving as administrative agent, adding a new $500M term loan to expand
Millrose Properties Amends Credit Agreement, Expanding to a $1.835 Billon Unsecured Facility With the Addition of a $500 Million Term Loan Commitment
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the leading homesite option platform for residential homebuilders, today announced the closing of an amendment to its credit ...
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 Earnings Call Transcript: Q4 2025
Delivered strong Q4 and full-year 2025 results, exceeding guidance and scaling to 142,000 homesites across 30 states. AFFO and dividend growth were driven by robust builder demand, disciplined capital deployment, and a conservative leverage policy, with a positive 2026 outlook.
Millrose Properties Reports Strong Fourth Quarter and Full Year 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 financial results for th...
Millrose Properties Announces Date of Fourth Quarter and Full Year 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 Tax Treatment of 2025 Dividends
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose” or the “Company”), the Homesite Option Purchase Platform for residential homebuilders, today announced the final income allocat...
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Millrose Properties initiated with a Buy at BTIG
In an industry initiation note on the homebuilding and real estate services sector, BTIG analyst Ryan Gilbert initiated coverage of Millrose Properties (MRP), which was recently spun off from Lennar
Millrose Properties comments on completion of Lennar exchange offer
Millrose Properties (MRP) issued the following statement in connection with the completion of Lennar (LEN) previously disclosed offer to exchange shares of Millrose Class A common stock for shares of
Millrose Properties, Inc. Comments on Completion of Lennar Exchange Offer
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) ("Millrose" or the "Company") today issued the following statement in connection with the completion of Lennar Corporation's (NYSE: LEN an...
Lennar Announces Final Results of Exchange Offer
MIAMI , Nov. 26, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") announced today the final results of its previously announced offer to exchange up to 33,298,764 shares of Mil...
Lennar Announces Preliminary Results of Exchange Offer
MIAMI , Nov. 24, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") announced today that, based on preliminary results, its previously announced offer to exchange up to 33,298,76...
Lennar Announces Final Exchange Ratio of 4.1367 in Exchange Offer
MIAMI , Nov. 20, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") announced today a final exchange ratio of 4.1367 (the "Final Exchange Ratio") for its previously announced off...
Lennar Confirms Expiration Date of Exchange Offer
Expects Registration Statement to be Effective by Expiration Date MIAMI , Nov. 18, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") confirmed today that in view of the reopenin...
Lennar Announces Further Extension of Expiration Date of Exchange Offer
MIAMI , Nov. 7, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") announced today that in view of the continuation of the government shutdown, during which the Securities and Ex...
Lennar Announces Extension of Expiration Date of Exchange Offer
MIAMI , Oct. 31, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") announced today that as a result of the ongoing U.S. federal government shutdown, it is extending the expirati...