Millrose Properties, Inc. (MRP)

Millrose Properties operates a homesite option platform that acquires residential land, funds horizontal development and sells finished lots to homebuilders under option contracts. Spun out of Lennar, it generates recurring option payments and lot sales primarily serving Lennar and potentially other builders seeking a land-light model. The focus is residential land banking and development rather than owning rental properties or shopping centers.

Market
NYSE
Sector
Real Estate
Trend
Strong uptrend
Last close
32.02 (+0.95% on the day)
MA50
29.43
MA200
28.59
52-week range
25.87–32.02
Market cap
5.1B USD
P/E
10.6
Dividend yield
9.83%
Data as of
2026-09-04
Quarterly revenue and earnings, millions
QuarterRevenueYoY %EarningsYoY %
Q4 2024-348.1-449.3
Q1 202582.764.8
Q2 2025149112.8
Q4 2025189.5122.2
Q1 2026194.9135.7%122.989.7%
Q2 2026196.832.1%125.911.6%

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