Millrose Properties, Inc. (MRP) is a publicly traded company in the Real Estate — REIT - Residential industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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.
Is Millrose Properties, Inc. stock overvalued or undervalued in 2026?
Millrose Properties, Inc. (MRP) trades at 8.5× earnings (P/E).
Kaplio overview: Millrose Properties, Inc.
Market cap $4B · 52 weeks $21 – $32 (20 % below the high) · P/E 8.5× · 2027 expected P/E 7.8× · Dividend 12.0 % · Next earnings March 4, 2027 · expected EPS $0.81 · Closing price, Oct 30 · accounts published Oct 27.
- Valuation: P/FFO 1.2× (fairly priced).
- Business: FFO/dividend 12.3× (solid).
- Balance sheet: Net debt/EBITDA 4.2× (solid).
- Earnings: 2 of 6 (no verdict).
What matters in REITs: 3 of 4 pass
- P/FFO 1.2×, borderline.
- Dividend coverage (FFO/div) 12.3×, passes.
- Debt / Assets 22.8 %, passes.
- Net debt / EBITDA 4.2×, passes.
- FFO / Share $22.12, info.
Against its peers (reference peers) — Millrose Properties, Inc.: P/B 0.7×; Div. yield 12.0 %; EV/EBITDA 10.6×; $4.0B. Independence Realty Trust, Inc. (P/B 1.0×; Div. yield 4.8 %; EV/EBITDA 15.5×; $3.5B), Kilroy Realty Corporation (P/B 0.8×; Div. yield 6.1 %; EV/EBITDA 13.8×; $4.2B), Cousins Properties Incorporated (P/B 1.1×; Div. yield 4.4 %; EV/EBITDA 16.3×; $4.9B).
Dividend
tight (only raised recently) · Yield 12.0 % ($1.80 per share in 2025) · paying since 2025 · Free cash flow coverage FFO payout 8 % · With $1,000 invested today you'd collect $119.80 a year ($9.98 a month).
Profitability
| Return on Equity | 8.56% |
| Return on Invested Capital | 554.37% |
| Return on Assets | 4.75% |
| Gross Margin | 96.23% |
| Operating Margin | 85.18% |
| Net Margin | 63.24% |
Financial Health
| Debt / Equity | 0.57 |
| Current Ratio | 0.00 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.13 |
Price Performance
| 1 month | +1.67% |
| 3 months | -8.43% |
| Year-to-date | -14.23% |
| 1 year | -20.46% |
Dividend History
Paid in the last 12 months: $3.0700 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-05 | $0.7900 |
| 2026-07-06 | $0.7700 |
| 2026-04-02 | $0.7600 |
| 2026-01-05 | $0.7500 |
| 2025-10-03 | $0.7300 |
| 2025-07-03 | $0.6900 |
| 2025-04-04 | $0.3800 |
Amounts adjusted for stock splits.
Related companies: BPYPO · PECO · REXR · MAC · KRG · CUZ · HHH · IRT
Explore sector: Real Estate · REIT - Residential
More sections of MRP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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