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MRP

Millrose Properties, Inc.

MRP

NYSE·Real Estate·REIT - Residential·Mkt cap $4.6B

$29.77

+0.37%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$26.30 - $36.00

P/E

10.67

Fwd P/E

9.61

Beta

0.25

Div Yield

9.88%

Avg Vol

1.6M

Shares Out

154.2M

Mkt Cap

$4.6B

Price action

Price chart

Up 2.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary homesite option platform technology
  • Capital-efficient business model reducing developer leverage
  • Institutional-grade real estate deals available to retail investors
  • Strong alignment with homebuilder growth strategies

Bear Case

2 risks

  • Low volatility (beta 0.2).
  • Growth premium of 0.4x vs sector peers. Reasonable for this growth rate.

Growth

Moderate growth ahead

Increasing homebuilder demand for capital-efficient land solutions

Value

Growth premium of 0.4x vs sector peers. Reasonable for this growth rate.

Momentum

Strong

+7.3% over 3m

Quality

Excellent

Emerging growth company (136% revenue growth). Early stage with higher risk.

Dividend

High yield

9.88% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 30, 2026

Q2 26 RECAP

MAY 6, 2026

Reported EPS of $0.74 vs $0.77 consensus (-3.5% surprise). Revenue of $194.9M vs $200.9M expected (-3.0%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-3.5%

Next: Jul 30, 2026

Revenue trend · last 8Q

-34%

+45%

+154%

+136%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$224.4M

$123.7M

-$348.1M

$82.7M

$149.0M

$179.3M

$189.5M

$194.9M

Margins · last 8Q

Gross

Operating

85.2%

Profit

63.0%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

No analyst coverage on file for this stock yet.

vs Industry

How MRP stacks vs REIT - Residential

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.