Millrose Properties, Inc.

Millrose Properties, Inc.

MRP · NYSE · Real Estate / REIT - Residential

25.87USD+0.20 (+0.78%)

Price History

Full chart

Market Stats

Previous Close25.67
Open25.78
Day Range25.41 – 25.97
52-Week Range25.60 – 32.17
Volume1.71M
Market Cap4.37B
P/E (TTM)9.18
Forward P/E0.00
EPS2.87
Dividend Yield11.62%
50-Day Avg29.38
200-Day Avg29.51

About

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Residential
  • CEOMr. Darren Lewis Richman
  • Employees0
  • Headquarters600 Brickell Avenue, Miami, FL, United States, 33131, USA
  • Websitehttps://millroseproperties.com

Leadership

  • Mr. Darren Lewis RichmanCEO & President · b. 1972
  • Mr. Garett RosenblumCFO & Treasurer · b. 1974
  • Mr. Robert NitkinChief Operating Officer · b. 1988
  • Mr. Adil PashaChief Technology Officer · b. 1993
  • Ms. Rachel Jade PresaGeneral Counsel & Secretary · b. 1980

Financials

Income Statement

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Revenue000600.46M
Cost of Revenue00087.75M
Gross Profit000512.71M
Gross Margin---85.39%
Operating Expense193.11M209.79M246.22M26.64M
Operating Income-193.11M-209.79M-246.22M486.07M
Operating Margin---80.95%
EBITDA--209.79M-246.22M492.17M
EBITDA Margin---81.96%
Net Income-144.25M-209.79M-246.22M379.86M
Net Income Margin---63.26%
Interest Expense-0091.79M
Interest Expense % of Total Revenue---15.29%

Balance Sheet

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Assets8.02B4.74B5.47B9.26B
Total Liabilities393.57M285.16M306.92M3.40B
Total Equity7.63B4.46B5.16B5.86B
Cash-10010035.05M
Total Debt117.46M32.61M24.19M2.11B
Net Debt117.46M32.61M24.19M2.08B

Cash Flow

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-328.64M-865.12M-917.19M3.67B
Investing Cash Flow----5.72B
Financing Cash Flow328.64M865.12M917.19M2.08B
Capital Expenditure000858.94M
Free Cash Flow-328.64M-865.12M-917.19M3.67B
Dividends Paid-00298.81M
FCF to OCF100.00%100.00%100.00%100.00%
Dividend Paid to FCF-0.00%0.00%8.14%

Earnings

Report DateFeb 26, 2025May 14, 2025Jul 31, 2025Oct 23, 2025Feb 26, 2026May 6, 2026Aug 4, 2026Oct 22, 2026
EPS Estimate0.00-0.710.640.740.770.76-
EPS Actual0.000.390.680.630.740.740.76-
Surprise---4.23%-1.56%0.00%-3.90%0.00%-
Timing--Pre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap4.37B
Enterprise Value6.90B
Trailing P/E9.18
Forward P/E0.00
Price / Sales5.75
Price / Book0.76
EPS2.87
Book Value35.24
Revenue (TTM)760.54M
Gross Profit (TTM)648.79M
Profit Margin62.60%
Operating Margin85.16%
Return on Equity8.12%
Return on Assets4.58%
Shares Outstanding154.23M
Shares Float153.10M
Dividend Yield11.62%
Dividend Rate3.16
Payout Ratio106.97%

Analyst Ratings

Strong Buy
Based on 2 analystsTarget 37.17
  • Strong Buy
    2

Ownership Breakdown

Institutions
93.82%
Insiders
1.13%
Retail / Other
5.05%

Top Institutional Holders

  • BlackRock Inc
    20.61M12.41%
  • Vanguard Portfolio Management, LLC
    14.85M8.94%
  • Vanguard Capital Management, LLC
    6.93M4.17%
  • FMR Inc
    6.53M3.93%
  • Brave Warrior Advisors LLC
    6.03M3.63%
  • State Street Corp
    5.28M3.18%
  • Manufacturers Life Insurance Co
    4.30M2.59%
  • Permian Investment Partners
    3.98M2.40%
  • NORGES BANK
    3.92M2.36%
  • Spears Abacus Advisors LLC
    3.68M2.21%
  • Geode Capital Management, LLC
    3.01M1.81%
  • Morgan Stanley - Brokerage Accounts
    2.63M1.58%
  • Charles Schwab Investment Management Inc
    2.29M1.38%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    9.40M5.66%
  • Vanguard Real Estate Index Investor
    5.80M3.49%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.91M2.96%
  • Fidelity Dividend Growth
    4.08M2.46%
  • Vanguard Small Cap Index
    3.55M2.14%
  • Vanguard MStar Small Cap Value Index
    2.25M1.36%
  • Fidelity Capital Appreciation
    1.70M1.02%

Dividends

20263×
0.77Jul 6, 20260.76Apr 2, 20260.75Jan 5, 2026
20253×
0.73Oct 3, 20250.69Jul 3, 20250.38Apr 4, 2025