Symbols / MRP Stock $30.73 +0.79% Millrose Properties, Inc.

Real Estate • REIT - Residential • United States • NYQ
MRP (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: SMA 50: SMA 200:
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Residential
CEO Mr. Darren L. Richman
Exch · Country NYQ · United States
Market Cap 5.10B
Enterprise Value 7.19B
Income 404.82M
Sales 600.46M
FCF (ttm) -3.58B
Book/sh 35.28
Cash/sh 0.21
Employees
Insider 10d
IPO Feb 05, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 104.51%
P/E 12.59
Forward P/E 9.72
PEG
P/S 8.50
P/B 0.87
P/C
EV/EBITDA
EV/Sales 11.98
Quick Ratio 0.20
Current Ratio 53.56
Debt/Eq 36.29
LT Debt/Eq
EPS (ttm) 2.44
EPS next Y 3.16
EPS Growth
Revenue Growth
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-26
ROA 4.13%
ROE 7.35%
ROIC
Gross Margin 85.39%
Oper. Margin 84.82%
Profit Margin 67.42%
Shs Outstand 154.18M
Shs Float 153.33M
Insider Own 0.98%
Instit Own 90.94%
Short Float 3.97%
Short Ratio 3.77
Short Interest 5.27M
52W High 36.00
vs 52W High -14.64%
52W Low 24.60
vs 52W Low 24.92%
Beta
Impl. Vol. 43.77%
Rel Volume 0.48
Avg Volume 1.38M
Volume 670.69K
Target (mean) $38.60
Tgt Median $40.00
Tgt Low $35.00
Tgt High $40.00
# Analysts 5
Recom None
Prev Close $30.49
Price $30.73
Change 0.79%
About

Millrose Properties, Inc. is the premier homesite option platform for residential homebuilders. The company specializes in the acquisition and horizontal development of land to provide a predictable, just-in-time supply of finished homesites – the scarcest and mission-critical resource in the homebuilding industry. Unlike traditional land bankers, 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$30.73
Low
$35.00
High
$40.00
Mean
$38.60

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-10-29 main Citigroup Buy → Buy $38
2025-10-27 main Freedom Broker Buy → Buy $40
2025-10-08 init JMP Securities — → Market Outperform $40
2025-09-22 init LUCID CAPITAL MARKETS — → Buy $40
2025-05-15 main Goldman Sachs Buy → Buy $32
2025-04-14 init Citigroup — → Buy $30
2025-02-27 init Goldman Sachs — → Buy $25
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-05 GORSON MATTHEW B. Director 1,000 $30.66 $30,665
2025-12-10 MIGOYA CARLOS A Director 6,451 $0.00 $0
2025-12-10 BARTELS PATRICK J. JR. Director 6,451 $0.00 $0
2025-12-10 LYNCH KATHLEEN B Director 6,451 $0.00 $0
2025-12-10 MINCEY MARY ALISON Director 6,451 $0.00 $0
2025-12-10 GORSON MATTHEW B. Director 6,451 $0.00 $0
2025-11-26 MIGOYA CARLOS A Director 219 $30.65 $6,712
2025-11-24 LYNCH KATHLEEN B Director 1,860 $31.74 $59,033
2025-11-12 MIGOYA CARLOS A Director 1,000 $32.24 $32,236
2025-10-30 PRESA RACHEL JADE General Counsel 476 $32.33 $15,399
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Revenue
600.46
0.00
0.00
Operating Revenue
600.46
0.00
0.00
Cost Of Revenue
87.75
0.00
0.00
Reconciled Cost Of Revenue
87.75
0.00
0.00
Gross Profit
512.71
0.00
0.00
Operating Expense
26.64
-89.18%
246.22
+17.36%
209.79
Selling General And Administration
25.64
-89.59%
246.22
+17.36%
209.79
General And Administrative Expense
25.64
-89.59%
246.22
+17.36%
209.79
Salaries And Wages
0.68
0.00
0.00
Other Gand A
24.96
-89.86%
246.22
+17.36%
209.79
Total Expenses
114.39
-53.54%
246.22
+17.36%
209.79
Operating Income
486.07
+297.41%
-246.22
-17.36%
-209.79
Total Operating Income As Reported
486.07
+297.41%
-246.22
-17.36%
-209.79
EBITDA
492.17
+299.89%
-246.22
-17.36%
-209.79
Normalized EBITDA
492.17
+299.89%
-246.22
-17.36%
-209.79
EBIT
492.17
+299.89%
-246.22
-17.36%
-209.79
Net Income
379.86
+254.28%
-246.22
-17.36%
-209.79
Pretax Income
400.37
+262.61%
-246.22
-17.36%
-209.79
Net Non Operating Interest Income Expense
-84.09
0.00
0.00
Interest Expense Non Operating
91.79
0.00
0.00
Net Interest Income
-84.09
0.00
0.00
Interest Expense
91.79
0.00
0.00
Interest Income Non Operating
7.70
0.00
0.00
Interest Income
7.70
0.00
0.00
Other Income Expense
-1.60
Other Non Operating Income Expenses
-1.60
Tax Provision
20.51
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
379.86
+254.28%
-246.22
-17.36%
-209.79
Net Income From Continuing Operation Net Minority Interest
379.86
+254.28%
-246.22
-17.36%
-209.79
Net Income From Continuing And Discontinued Operation
379.86
+254.28%
-246.22
-17.36%
-209.79
Net Income Continuous Operations
379.86
+254.28%
-246.22
-17.36%
-209.79
Normalized Income
379.86
+254.28%
-246.22
-17.36%
-209.79
Net Income Common Stockholders
404.82
+264.41%
-246.22
-17.36%
-209.79
Otherunder Preferred Stock Dividend
-24.96
0.00
0.00
Diluted EPS
2.44
+264.50%
-1.48
+4.55%
-1.55
Basic EPS
2.44
+264.50%
-1.48
+4.55%
-1.55
Basic Average Shares
166.00
+0.00%
166.00
+22.96%
135.00
Diluted Average Shares
166.03
+0.02%
166.00
+22.96%
135.00
Diluted NI Availto Com Stockholders
404.82
+264.41%
-246.22
-17.36%
-209.79
Provision For Doubtful Accounts
1.00
0.00
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
9,258.11
+69.40%
5,465.29
+5465289900.00%
0.00
Current Assets
364.05
-93.34%
5,465.29
+5465289900.00%
0.00
Cash Cash Equivalents And Short Term Investments
35.05
0.00
-100.00%
0.00
Cash And Cash Equivalents
35.05
0.00
-100.00%
0.00
Cash Financial
35.05
0.00
-100.00%
0.00
Receivables
329.00
0.00
Loans Receivable
329.00
0.00
Inventory
0.00
-100.00%
5,465.29
Finished Goods
0.00
-100.00%
5,465.29
Total Non Current Assets
8,894.06
0.00
0.00
Non Current Deferred Assets
6.92
Other Non Current Assets
14.45
Total Liabilities Net Minority Interest
3,401.84
+1008.39%
306.92
0.00
Current Liabilities
185.45
-34.41%
282.73
Payables And Accrued Expenses
185.45
-34.41%
282.73
Payables
137.50
Other Payable
13.00
Dividends Payable
124.50
Current Accrued Expenses
47.94
Total Non Current Liabilities Net Minority Interest
3,216.40
+13197.50%
24.19
Long Term Debt And Capital Lease Obligation
2,112.06
+8631.86%
24.19
Long Term Debt
2,112.06
+8631.86%
24.19
Non Current Deferred Liabilities
77.33
0.00
Non Current Deferred Taxes Liabilities
77.33
0.00
Other Non Current Liabilities
1,027.00
Stockholders Equity
5,856.26
+13.53%
5,158.37
+5158371900.00%
0.00
Common Stock Equity
5,856.26
+13.53%
5,158.37
+5158371900.00%
0.00
Capital Stock
1.66
0.00
-100.00%
0.00
Common Stock
1.66
0.00
-100.00%
0.00
Preferred Stock
0.00
0.00
Share Issued
166.00
+0.00%
166.00
+0.00%
166.00
Ordinary Shares Number
166.00
+0.00%
166.00
+0.00%
166.00
Additional Paid In Capital
5,873.09
0.00
-100.00%
0.00
Retained Earnings
-18.48
0.00
Total Equity Gross Minority Interest
5,856.26
+13.53%
5,158.37
+5158371900.00%
0.00
Total Capitalization
7,968.32
+53.75%
5,182.56
+5182559900.00%
0.00
Working Capital
178.60
-96.55%
5,182.56
Invested Capital
7,968.32
+53.75%
5,182.56
+5182559900.00%
0.00
Total Debt
2,112.06
+8631.86%
24.19
Net Debt
2,077.02
+8486.97%
24.19
Net Tangible Assets
5,856.26
+13.53%
5,158.37
+5158371900.00%
0.00
Tangible Book Value
5,856.26
+13.53%
5,158.37
+5158371900.00%
0.00
Financial Assets
8,872.69
0.00
Interest Payable
47.58
Other Equity Interest
5,158.37
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Operating Cash Flow
3,672.82
+500.44%
-917.19
-6.02%
-865.12
Cash Flow From Continuing Operating Activities
3,672.82
+500.44%
-917.19
-6.02%
-865.12
Net Income From Continuing Operations
379.86
+254.28%
-246.22
-17.36%
-209.79
Other Non Cash Items
15.73
+121092.31%
-0.01
Stock Based Compensation
0.68
-95.47%
14.94
+47.99%
10.09
Provisionand Write Offof Assets
1.00
0.00
0.00
Change In Working Capital
3,275.55
+577.56%
-685.90
-3.08%
-665.42
Change In Inventory
0.00
+100.00%
-716.07
-11.56%
-641.86
Change In Payables And Accrued Expense
0.00
-100.00%
30.18
+228.10%
-23.56
Change In Other Working Capital
3,236.52
Change In Other Current Assets
-8.63
0.00
0.00
Change In Other Current Liabilities
47.66
0.00
0.00
Investing Cash Flow
-5,722.23
0.00
0.00
Cash Flow From Continuing Investing Activities
-5,722.23
0.00
0.00
Net Investment Purchase And Sale
-5,149.38
0.00
0.00
Purchase Of Investment
-5,149.38
0.00
0.00
Net Business Purchase And Sale
-858.94
0.00
0.00
Purchase Of Business
-858.94
0.00
0.00
Net Other Investing Changes
286.09
Financing Cash Flow
2,084.46
+127.26%
917.19
+6.02%
865.12
Cash Flow From Continuing Financing Activities
2,084.46
+127.26%
917.19
+6.02%
865.12
Net Issuance Payments Of Debt
2,104.00
+15684.03%
-13.50
+27.75%
-18.69
Issuance Of Debt
4,835.00
0.00
0.00
Repayment Of Debt
-2,731.00
-20128.13%
-13.50
+27.75%
-18.69
Long Term Debt Issuance
4,835.00
0.00
0.00
Long Term Debt Payments
-2,731.00
-20128.13%
-13.50
+27.75%
-18.69
Net Long Term Debt Issuance
2,104.00
+15684.03%
-13.50
+27.75%
-18.69
Common Stock Dividend Paid
-298.81
0.00
0.00
Cash Dividends Paid
-298.81
0.00
0.00
Net Other Financing Charges
279.26
-69.99%
930.70
+5.31%
883.81
Changes In Cash
35.05
Beginning Cash Position
0.00
0.00
0.00
End Cash Position
35.05
0.00
0.00
Free Cash Flow
3,672.82
+500.44%
-917.19
-6.02%
-865.12
Interest Paid Supplemental Data
23.94
0.00
0.00
Income Tax Paid Supplemental Data
8.50
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category