Millrose Properties (MRP) Stock Overview
Millrose Properties, Inc. is the premier permanent capital solution for residential homebuilders and developers. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
MRP Community Fair Values
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Analyst Price Targets
Millrose Properties, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$29.69 |
| 52 Week High | US$35.45 |
| 52 Week Low | US$26.30 |
| Beta | 0 |
| 1 Month Change | -0.24% |
| 3 Month Change | 1.92% |
| 1 Year Change | -14.29% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 35.32% |
Recent News & Updates
Millrose Properties: New Builder Capital Earns 210 Basis Points More
Summary Millrose's non-Lennar invested capital earns 10.6%, compared with 8.5% on the legacy Lennar portfolio. At $30.78, the shares trade near 0.87 times June book value and offer a 10.0% annualized dividend yield. The $0.77 quarterly dividend consumed all second-quarter AFFO, leaving little room for credit losses, higher interest expense, or slower redeployment. I rate MRP a Buy with a $35 target, roughly one times book value and 11.5 times first-half annualized AFFO. Read the full article on Seeking Alpha
MRP: Higher Discount Rate Will Support Defensive Index Inclusion Appeal
Analysts have trimmed their price target for Millrose Properties to about $37, citing updates to fair value assumptions, a higher discount rate near 8.25%, more moderate revenue growth expectations close to 7%, and a revised future P/E of roughly 13.6x. What's in the News Millrose Properties, Inc.Recent updates
Millrose Properties: New Builder Capital Earns 210 Basis Points More
Summary Millrose's non-Lennar invested capital earns 10.6%, compared with 8.5% on the legacy Lennar portfolio. At $30.78, the shares trade near 0.87 times June book value and offer a 10.0% annualized dividend yield. The $0.77 quarterly dividend consumed all second-quarter AFFO, leaving little room for credit losses, higher interest expense, or slower redeployment. I rate MRP a Buy with a $35 target, roughly one times book value and 11.5 times first-half annualized AFFO. Read the full article on Seeking AlphaMRP: Higher Discount Rate Will Support Defensive Index Inclusion Appeal
Analysts have trimmed their price target for Millrose Properties to about $37, citing updates to fair value assumptions, a higher discount rate near 8.25%, more moderate revenue growth expectations close to 7%, and a revised future P/E of roughly 13.6x. What's in the News Millrose Properties, Inc.Millrose Properties Is A Compelling Opportunity As Its Business Ramps
Summary 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 attractive land assets, offering a 10.8% yield and targeting a 7% ROE, with potential for improvement. Despite current discounts due to Lennar's stake and market pressures, MRP's diverse portfolio and strategic deals with other builders promise stable cash flows. With a fair value target of $28, MRP offers 25% upside, including dividends, making it a compelling buy in the housing sector. Read the full article on Seeking AlphaShareholder Returns
| MRP | US Specialized REITs | US Market | |
|---|---|---|---|
| 7D | -7.3% | -2.4% | -2.2% |
| 1Y | -14.3% | -0.4% | 13.1% |
Return vs Industry: MRP underperformed the US Specialized REITs industry which returned -0.4% over the past year.
Return vs Market: MRP underperformed the US Market which returned 13.1% over the past year.
Price Volatility
| MRP volatility | |
|---|---|
| MRP Average Weekly Movement | 3.6% |
| Specialized REITs Industry Average Movement | 3.2% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: MRP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MRP's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Darren Lewis Richman | millroseproperties.com |
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 Properties, Inc. Fundamentals Summary
| MRP fundamental statistics | |
|---|---|
| Market cap | US$4.91b |
| Earnings (TTM) | US$476.06m |
| Revenue (TTM) | US$760.54m |
Is MRP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRP income statement (TTM) | |
|---|---|
| Revenue | US$760.54m |
| Cost of Revenue | US$111.75m |
| Gross Profit | US$648.79m |
| Other Expenses | US$172.73m |
| Earnings | US$476.06m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.87 |
| Gross Margin | 85.31% |
| Net Profit Margin | 62.60% |
| Debt/Equity Ratio | 42.6% |
How did MRP perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 21:46 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Millrose Properties, Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ryan Gilbert | BTIG |
| Nicholas Joseph | Citigroup Inc |
| Aaron Hecht | Citizens JMP Securities, LLC |