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StockVS

NYSE · REIT - Residential · USD

Millrose Properties, Inc. (MRP) Stock Analysis

Millrose Properties, Inc. (MRP) is a REIT - Residential stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MRP

$23.09

−$0.37 (−1.58%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MRP Key Statistics

As of Oct 21, 2026
Trading
Open
$23.67
Previous Close
$23.46
Day's Range
22.80–24.06
52-Week Range
21.07–33.49
Volume
2.71M
Valuation
Market Cap
$3.83B
P/E Ratio
7.55
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.13
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.04
EPS (ttm)Profit attributable to each share over the last twelve months.
3.06
Financials (FY)
Revenue (FY)
$600.46M
Net Income (FY)
$379.86M
Profit marginThe share of revenue left as profit after all costs and taxes.
62.60%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
154.23M
1-Year Return
−24.42%
Dividend and dates
Dividend
$3.16+13.47%
Ex-Dividend Date
October 5, 2026
Earnings Date
October 27, 2026
Avg Volume
2.04M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MRP closed at $23.09, −24.42% over 1 year.

Millrose Properties, Inc. (MRP) has a market capitalization of $3.83B.

In fiscal 2025, MRP reported revenue of $600.46M.

MRP Stock Return by Calendar Year

Millrose Properties, Inc. (MRP) return since Feb 2025: what $10,000 became

1 year
$10,000 $7,558
−24.42%
Since Feb 2025
$10,000 $12,107
+21.07%

If you had invested $10,000 in Millrose Properties, Inc. (MRP) at the close on February 5, 2025, the earliest close on record here, it would have been worth $12,107 at the close on October 21, 2026: +21.07% in total, +11.86% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−16.37%
2025 (partial year)+44.77%

As of October 21, 2026.

MRP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$600.46M$379.86M63.3%
2024$0.00−$246.22M—
2023$0.00−$209.79M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$600.46M$512.71M$486.07M$379.86M63.3%
2024$0.00$0.00−$246.22M−$246.22M—
2023$0.00$0.00−$209.79M−$209.79M—

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MRP Dividend History

$1.80

Dividends per share, 2025 · 3 payments

YearDividends per sharePaymentsChange
2026*$2.283—
2025$1.803—

Most recent payment: $0.76 per share, ex-dividend July 6, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MRP Valuation vs REIT - Residential Median

Median of 21 stocks
MetricMRPREIT - Residential medianvs median
P/E7.5530.830.2x the median
P/S ratio5.045.427% below
Profit margin62.60%14.26%48.3 pts above

Medians across 21 REIT - Residential stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Millrose Properties, Inc. (MRP) carries a market capitalisation of $3.83B. It is classified in the REIT - Residential industry, within the Real Estate sector.

MRP last closed at $23.09 on October 21, 2026. That is −$0.37 (−1.58%) against the previous close. The 52-week range on file runs from $21.07 to $33.49. The latest close sits 9.59% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $600.46M. The same year closed with net income of $379.86M. The reported profit margin is 62.6%. That is 48.3 percentage points above the REIT - Residential median of 14.26%. Trailing earnings per share are 3.06.

Across the 3 fiscal years on file, revenue moves from $0.00 in 2023 to $600.46M in 2025. Of those 3 years, 1 report positive net income.

Valuation Assessment

MRP trades at a trailing price-to-earnings ratio of 7.55. That is 0.2 times the REIT - Residential median of 30.83. The forward P/E on file is 7.13. The price-to-sales ratio is 5.04. On price-to-sales that is 7.07% below the REIT - Residential median of 5.42. The medians here are taken across 21 REIT - Residential companies that report the metric.

The trailing one-year total return is −24.42%. The stored price history starts on February 5, 2025, and the total return since then is +21.07%. Annualized volatility over the trailing 1 year is 30.73%.

Growth & Income

MRP pays a dividend yielding 13.47%. That is 8.4 percentage points above the REIT - Residential median yield of 5.06%. The indicated annual rate is $3.16 a share. The ex-dividend date on file is October 5, 2026. Dividends are recorded for 2 calendar years; 2026 shows 3 payments totalling $2.28 a share. The year before, 2025, totalled $1.80 a share.

2026 is still running; the total return is −16.37% year to date.

Peer Comparison

Millrose Properties, Inc. (MRP) operates in the REIT - Residential industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Millrose Properties, Inc. MRP $3.83B 7.6
AvalonBay Communities, Inc. VMRK $47.97B 23.8
Essex Property Trust, Inc. ESS $18.90B 42.6
Invitation Homes Inc. INVH $15.83B 24.6

The REIT - Residential industry average P/E ratio is 30.8x. Millrose Properties, Inc. trades at a P/E of 7.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Millrose Properties, Inc.

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 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 independent due diligence to ensure attractive yields and long-term viability. By enabling an asset-light model, Millrose provides its diverse roster of homebuilder partners with the strategic flexibility to maintain production volumes and optimize balance sheet efficiency across all market environments. Millrose Properties, Inc.is based in Miami, United States.

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