Millrose Properties, Inc.
MRP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Millrose Properties, Inc. operates in the residential REIT sector, which benefits from increasing demand for rental properties as homeownership becomes less attainable for many.
- Revenue grew by 32.1% year-over-year, reaching $600.461 million in 2025.
- The company has a strong operating margin of 80.95% for the year 2025.
- The company's current debt-to-equity ratio stands at 42.58, indicating a high level of leverage that could pose risks in a rising interest rate environment.
- Millrose Properties reported a net income loss of $246.221 million in 2024, reflecting significant financial challenges.
- The stock has a trailing P/E ratio of 7.85, suggesting it may be undervalued, but the overall market sentiment is a strong sell with a score of -24.00.
Fundamentals
| Market cap | $3.76B | Enterprise value | $6.22B | Trailing P/E | 7.89 | Forward P/E | 6.99 |
| PEG | — | Price / book | 0.64 | Beta | — | Dividend yield | 13.96% |
| Revenue growth | 32.1% | Earnings growth | 11.6% | Gross margin | 85.3% | Operating margin | 85.2% |
| Profit margin | 62.6% | ROE | 8.1% | ROA | 4.6% | Debt / equity | 0.43 |
| Current ratio | 46.57 | Free cash flow | -$1.38B | Analyst recommendation | strong_buy | Mean target | $36.60 |
| 52w high | $33.49 | 52w low | $21.66 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|
| Revenue | $197M | $195M | $190M | $149M | $82.7M |
| Op margin | 85.2% | 85.2% | 84.8% | 85.1% | 55.2% |
| Net income | $126M | $123M | $122M | $113M | $39.8M |
| Gross margin | 84.8% | 85.6% | 85.3% | 85.3% | 85.4% |
| Gross profit | $167M | $167M | $162M | $127M | $70.6M |
| Operating income | $168M | $166M | $161M | $127M | $45.6M |
- Revenue +1% vs prior quarter ($197M vs $195M).
- Gross margin 84.8% (was 85.6% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $600M | $0.0M | $0.0M |
| Op margin | 80.9% | — | — |
| Net income | $380M | -$246M | -$210M |
| Gross margin | 85.4% | — | — |
| Gross profit | $513M | $0.0M | $0.0M |
| Operating income | $486M | -$246M | -$210M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Millrose Properties Announces Date of Third Quarter 2026 Earnings Release and Conference Call
2026-10-06 · Berkshire Buys More Lennar Stock As Mortgage Rates Rise
2026-10-06 · Berkshire Bought $193 Million More Lennar. Abel Doesn’t “Envision a Quick Recovery”
2026-10-06 · Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of Big Homebuilder
2026-10-05 · Why Lennar Stock Just Suffered Its Worst Drop Since 2024
2026-09-23 · Millrose Properties (MRP) Stock May Be Below Fair Value Following $1B Notes Offering
2026-09-23 · Millrose Properties Announces Quarterly Dividend Payment
2026-09-23 · Millrose Properties Prices $1 Billion Notes Offering
2026-09-22 · Millrose Properties, Inc. Announces Pricing of $1.0 Billion Senior Notes Offering
2026-09-22 · Millrose Properties Plans to Launch $1 Billion Senior Notes Offering
2026-09-22 · Millrose Properties, Inc. Announces Launch of $1.0 Billion Senior Notes Offering
2026-08-11 · Millrose Properties (MRP) Q2 2026 Earnings Call Transcript
Price (daily)
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