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MRP Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
29.320
Open
29.020
VWAP
29.15
Vol
311.75K
Mkt Cap
4.77B
Low
28.840
Amount
9.09M
EV/EBITDA(TTM)
14.12
Total Shares
166.00M
EV
6.86B
EV/OCF(TTM)
1.87
P/S(TTM)
7.95
Millrose Properties, Inc., through certain subsidiaries, operates as an operational and capital solution for home builders and land development companies to finance the acquisition and development of land assets through its Homesite Option Purchase Platform (known as the HOPP’R). The HOPP’R is a comprehensive suite of systems and procedures that has been developed to operate and manage the acquisition, financing and development of land assets on a large scale. The land development activities include the installation of all necessary infrastructure required to build homes, including drainage, sewage, water lines, roads, sidewalks, utility lines, grading, landscaping and, in certain cases, the construction of recreational facilities, common area elements and other amenities.
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Events Timeline

(ET)
2025-12-01
17:20:00
BTIG Initiates Coverage of Millrose Properties with Buy Rating and $35 Price Target
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2025-12-01
09:20:00
Millrose Properties Completes Share Exchange with Lennar, Enhancing Liquidity
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2025-10-10 (ET)
2025-10-10
07:35:10
Lennar Initiates Stock Exchange Offer for Millrose Properties Shares in Exchange for Its Own Stock
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2025-03-17 (ET)
2025-03-17
16:53:32
Millrose Properties reports 'strong progress' on transactions
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2025-03-17
16:52:31
Millrose Properties sees Q2 EPS 65c-68c
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News

NASDAQ.COM
8.0
03-24NASDAQ.COM
Multiple Companies Announce Quarterly Dividend Plans
  • Concentrix Dividend Announcement: Concentrix's Board declared a quarterly dividend of $0.36 per share, payable on May 5, 2026, to shareholders of record as of April 24, 2026, demonstrating the company's commitment to shareholder returns.
  • Columbus McKinnon Dividend Decision: Columbus McKinnon's Board approved a quarterly dividend of $0.07 per common share, expected to be paid on May 11, 2026, to shareholders of record as of May 1, 2026, reflecting the company's stable financial performance in intelligent motion solutions.
  • Buckle Dividend Authorization: At its March 23, 2026, meeting, Buckle's Board authorized a quarterly dividend of $0.35 per share, set to be paid on April 29, 2026, to shareholders of record as of April 15, 2026, indicating robust operations in the retail market.
  • Millrose Properties Dividend Declaration: Millrose Properties announced a quarterly cash dividend of approximately $126.2 million, or $0.76 per share, to be paid on April 15, 2026, to shareholders of record as of April 3, 2026, showcasing strong cash flow in the residential market.
Newsfilter
8.0
03-23Newsfilter
Millrose Properties Declares $126.2 Million Quarterly Cash Dividend
  • Dividend Declaration: Millrose Properties announced a quarterly cash dividend of approximately $126.2 million, or $0.76 per share, to be paid on April 15, 2026, to shareholders of record as of April 3, 2026, showcasing the company's ability to return capital even in volatile markets.
  • Robust Business Model: CEO Darren Richman emphasized that Millrose's business model is designed to be a reliable capital partner for homebuilders, ensuring consistent capital availability even when market conditions fluctuate, thereby enhancing investor confidence.
  • Technology-Driven Land Development: Millrose employs a proprietary technology platform for land acquisition and development, providing a just-in-time supply of finished homesites, which secures a competitive edge in the critical resource landscape of the homebuilding industry.
  • Asset-Light Model: By implementing an asset-light model, Millrose enables its homebuilder partners to maintain production volumes and optimize balance sheet efficiency across various market environments, thereby enhancing strategic flexibility within the industry.
Fool
8.5
03-04Fool
Brave Warrior Advisors Increases Stake in Millrose Properties
  • Share Acquisition: Brave Warrior Advisors disclosed a purchase of 3,224,632 shares of Millrose Properties, valued at approximately $101.14 million, indicating strong confidence in the company's growth potential.
  • Market Value Increase: The value of Millrose's MRP position rose by $76.22 million at quarter-end due to share additions and market price changes, reflecting robust performance in the real estate investment trust sector.
  • Portfolio Adjustment: This acquisition increased MRP's weight to 6.0% of Brave Warrior Advisors' reportable U.S. equity AUM, further enhancing its focus on asset-backed cash flow businesses.
  • Profitability Enhancement: Millrose Properties generated $2.44 in net income per share in 2025, with a targeted 10% growth in AFFO per share for 2026, showcasing its capital efficiency and stable income streams, attracting more investor interest.
Yahoo Finance
9.5
02-28Yahoo Finance
Millrose Properties Reports Strong 2025 Earnings and Growth Plans
  • Accelerated Land Banking Model: Millrose delivered over 31,000 homesites in 2025, generating $3.4 billion in takedown proceeds while managing approximately 142,000 homesites, indicating strong adoption of its land banking model and robust market demand, further solidifying its position in the real estate sector.
  • Solid Financial Performance: The company reported a net income of $122.2 million in Q4 with an AFFO of $0.76 per share, and a full-year net income of $404.8 million, demonstrating strong revenue generation and shareholder returns, while committing to distribute 100% of AFFO, enhancing investor confidence.
  • 2026 Growth Outlook: Management anticipates increasing invested capital by about $2 billion to approximately $10.5 billion, with over 40% sourced outside the Lennar program, planning to fund half through existing debt capacity, showcasing a cautious approach and financial discipline in expansion.
  • Market Dynamics and Risk Management: Millrose manages 933 communities across 30 states, serving 15 major builders, reflecting its extensive market coverage and risk management capabilities, with expectations for a return to normalcy in the spring selling season of 2026, supporting future growth potential.
seekingalpha
9.5
02-26seekingalpha
Millrose Properties Reports Strong Q4 2025 Earnings and Growth Outlook
  • Strong Financial Performance: Millrose Properties reported a net income of $122.2 million or $0.74 per share for Q4 2025, exceeding expectations primarily due to $179.5 million in option fees and $10 million in development loan income, demonstrating resilience amid market volatility.
  • Capital Investment Growth: The company noted an investment capital balance of approximately $8.5 billion at year-end 2025, with expectations to increase this by an additional $2 billion in 2026, targeting a total of approximately $10.5 billion, with 40% coming from projects outside of Lennar, reflecting confidence in market expansion.
  • Operational Scale Expansion: Millrose currently manages 142,000 homesites across 933 communities in 30 states, collaborating with 15 counterparties, including nine of the top 25 homebuilders, indicating its leadership position and increased market share in the industry.
  • Conservative Financial Policy: Management reiterated a commitment to maintaining a 33% debt-to-capitalization ratio and pledged not to issue equity below book value, with expectations for continued strong dividend performance, as evidenced by a quarterly dividend of $0.75 per share, yielding 8.4% annually.
seekingalpha
9.5
02-26seekingalpha
Millrose Properties Q4 AFFO Exceeds Expectations
  • AFFO Performance Exceeds Expectations: Millrose Properties reported an adjusted funds from operations (AFFO) of $0.76 per share in Q4, beating expectations by $0.01, indicating stability in profitability.
  • Revenue Misses Expectations: The company generated $189.5 million in revenue for Q4, falling short of expectations by $0.63 million, reflecting challenges in the market environment that may impact future growth strategies.
  • Positive 2026 Outlook: Millrose expects to deploy approximately $1 billion in additional invested capital by mid-2026, targeting an AFFO run rate of $0.78 to $0.80 per share, demonstrating confidence in future growth.
  • Robust Capital Structure: The company aims to maintain a maximum debt-to-capital ratio of 33% and commits to not issuing equity below book value, ensuring financial health and sustainable development.
Wall Street analysts forecast MRP stock price to rise
2 Analyst Rating
Wall Street analysts forecast MRP stock price to rise
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
35.00
Averages
36.50
High
38.00
Current: 0.000
sliders
Low
35.00
Averages
36.50
High
38.00
Citi
Nick Joseph
Buy
maintain
$34 -> $38
AI Analysis
2025-10-29
Reason
Citi
Nick Joseph
Price Target
$34 -> $38
AI Analysis
2025-10-29
maintain
Buy
Reason
Citi analyst Nick Joseph raised the firm's price target on Millrose Properties to $38 from $34 and keeps a Buy rating on the shares.
Lucid Capital
NULL -> Buy
initiated
$40
2025-09-22
Reason
Lucid Capital
Price Target
$40
2025-09-22
initiated
NULL -> Buy
Reason
Lucid Capital initiated coverage of Millrose Properties with a Buy rating and $40 price target. The firm views the company as \"unique\" with a land bank structured as a real estate investment trust, offering an 8% dividend yield. Millrose's growth opportunity in third-party agreements is \"substantial,\" the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MRP
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Valuation Metrics

The current forward P/E ratio for Millrose Properties Inc (MRP.N) is 9.65, compared to its 5-year average forward P/E of 8.08. For a more detailed relative valuation and DCF analysis to assess Millrose Properties Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
8.08
Current PE
9.65
Overvalued PE
12.69
Undervalued PE
3.47

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
8.27
Current EV/EBITDA
9.84
Overvalued EV/EBITDA
12.11
Undervalued EV/EBITDA
4.44

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
5.91
Current PS
6.17
Overvalued PS
8.66
Undervalued PS
3.17

Financials

AI Analysis
Annual
Quarterly

Whales Holding MRP

H
Hawk Ridge Capital Management LP
Holding
MRP
+7.23%
3M Return
P
Pacific Heights Asset Management, LLC
Holding
MRP
+5.45%
3M Return
A
Adelante Capital Management LLC
Holding
MRP
+3.29%
3M Return
B
Blue Whale Capital LLP
Holding
MRP
+1.16%
3M Return
G
Greenhaven Associates Inc
Holding
MRP
-3.61%
3M Return
C
Cannell & Spears LLC
Holding
MRP
-6.03%
3M Return

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Frequently Asked Questions

What is Millrose Properties Inc (MRP) stock price today?

The current price of MRP is 29.275 USD — it has increased 1.79

What is Millrose Properties Inc (MRP)'s business?

Millrose Properties, Inc., through certain subsidiaries, operates as an operational and capital solution for home builders and land development companies to finance the acquisition and development of land assets through its Homesite Option Purchase Platform (known as the HOPP’R). The HOPP’R is a comprehensive suite of systems and procedures that has been developed to operate and manage the acquisition, financing and development of land assets on a large scale. The land development activities include the installation of all necessary infrastructure required to build homes, including drainage, sewage, water lines, roads, sidewalks, utility lines, grading, landscaping and, in certain cases, the construction of recreational facilities, common area elements and other amenities.

What is the price predicton of MRP Stock?

Wall Street analysts forecast MRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MRP is36.50 USD with a low forecast of 35.00 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Millrose Properties Inc (MRP)'s revenue for the last quarter?

Millrose Properties Inc revenue for the last quarter amounts to 189.50M USD, decreased

What is Millrose Properties Inc (MRP)'s earnings per share (EPS) for the last quarter?

Millrose Properties Inc. EPS for the last quarter amounts to 0.74 USD, decreased -285.00

How many employees does Millrose Properties Inc (MRP). have?

Millrose Properties Inc (MRP) has 0 emplpoyees as of March 25 2026.

What is Millrose Properties Inc (MRP) market cap?

Today MRP has the market capitalization of 4.77B USD.