Millrose Properties/$MRP
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About Millrose Properties
Millrose Properties Inc is a Holding Company. The company along with its subsidiaries engages in providing operational and capital solutions for home builders and land development companies to finance the acquisition and development of land assets through its Homesite Option Purchase Platform.
Ticker
$MRP
Sector
Primary listing
NYSE
Employees
-
Headquarters
Website
MRP Metrics
BasicAdvanced
$5.8B
121.60
$0.29
-
$1.07
7.84%
Price and volume
Market cap
$5.8B
52-week high
$36.00
52-week low
$21.02
Average daily volume
1.1M
Dividend rate
$1.07
Financial strength
Current ratio
67.012
Quick ratio
0.953
Long term debt to equity
17.435
Total debt to equity
17.435
Dividend payout ratio (TTM)
131.27%
Interest coverage (TTM)
3.36%
Profitability
Gross margin (TTM)
85.30%
Net profit margin (TTM)
20.74%
Operating margin (TTM)
18.57%
Effective tax rate (TTM)
15.99%
Management effectiveness
Return on assets (TTM)
0.39%
Return on equity (TTM)
0.83%
Valuation
Price to earnings (TTM)
121.602
Price to revenue (TTM)
25.219
Price to book
0.99
Price to tangible book (TTM)
0.99
Price to free cash flow (TTM)
-4.214
Free cash flow yield (TTM)
-23.73%
Free cash flow per share (TTM)
-8.354
Dividend yield (TTM)
3.04%
Forward dividend yield
7.84%
Growth
Bulls say / Bears say
In Q2 2025, Millrose reported net income of $112.8 million ($0.68 per share) and AFFO of $115.0 million ($0.69 per share), achieving a 7.8% annualized return on equity, which highlights the company’s strong profitability from its option fee model. (Business Wire)
Millrose grew its customer base by deploying $813 million with third-party homebuilders at an 11.2% weighted average yield, increasing non-Lennar capital to about $1.1 billion and showing progress in diversifying beyond its original partner. (Business Wire)
Since the spin-off, Millrose shares are trading at roughly 63% of their year-end book value, suggesting notable upside potential if market sentiment turns positive. (Barron's)
Despite diversification efforts, over 80% of Millrose’s portfolio is still concentrated with Lennar under its master program agreement, making the company highly dependent on Lennar’s land acquisition activity and exposing it to the cyclical risks of the homebuilding sector. (Barron's)
The spin-off structure involves complex cross-termination and non-recourse agreements with Lennar, which create execution risk; Millrose’s liquidity could be at risk if Lennar decides not to exercise purchase options for land pools. (Barron's)
As a planned REIT, Millrose is required to pay out at least 90% of its taxable income as dividends, limiting its ability to retain capital internally and potentially restricting resources for future land purchases. (Barron's)
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.
MRP News
AllArticlesVideos

Millrose Properties, Inc. Announces Pricing of Upsized $750 Million Senior Notes Offering
Business Wire1 week ago

Millrose Properties, Inc. Announces Launch of $500 Million Senior Notes Offering
Business Wire1 week ago

Millrose Properties, Inc. Announces Pricing of Upsized $1.25 Billion Senior Notes Offering
Business Wire1 month ago
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Capital at risk
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FAQs
What’s the current market cap for Millrose Properties stock?
Millrose Properties (MRP) has a market cap of $5.8B as of September 17, 2025.
What is the P/E ratio for Millrose Properties stock?
The price to earnings (P/E) ratio for Millrose Properties (MRP) stock is 121.6 as of September 17, 2025.
Does Millrose Properties stock pay dividends?
Yes, the Millrose Properties (MRP) stock pays dividends to shareholders. As of September 17, 2025, the dividend rate is $1.07 and the yield is 7.84%. Millrose Properties has a payout ratio of 131.27% on a trailing twelve-month basis.
When is the next Millrose Properties dividend payment date?
The next Millrose Properties (MRP) dividend payment date is unconfirmed.
What is the beta indicator for Millrose Properties?
Millrose Properties (MRP) does not currently have a Beta indicator.