Millrose Properties, Inc. (MRP) Valuation — DCF, Graham & Comparables

Millrose Properties, Inc. (MRP) — Price $25.62 (closing price, October 30, 2026) — Real Estate — REIT - Residential — NYSE

Latest reported results:

Valuation dashboard for Millrose Properties, Inc. (MRP) with P/E 8.48, P/B 0.73, EV/EBITDA 10.63 and dividend yield 11.98%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.

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.

Analysis Summary

Trailing-twelve-month margins: gross margin 96.2%, operating margin 85.2%, net margin 63.2%.

At $25.62 (closing price, October 30, 2026), MRP trades at a P/E of 8.48 and an ROE of 8.56%. Market capitalisation stands at $4.0B.

Balance sheet quality for MRP: current ratio of 2.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio8.48
Price / Book0.73
EV / EBITDA10.63
Dividend Yield11.98%

Valuation Models

DCF Fair Value$138.11
vs Current Price+439.1%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
MRPMillrose Properties, Inc.$4.0B8.480.738.6%
BPYPOBrookfield Property Partners L.P.$6.4B0.68-2.8%
PECOPhillips Edison & Co.$5.0B26.972.017.8%
REXRRexford Industrial Realty, Inc.$8.7B1.18-5.9%
MACThe Macerich Company$7.2B2.36-6.6%
KRGKite Realty Group Trust$5.0B15.481.8211.8%
CUZCousins Properties Incorporated$4.9B328.331.090.3%
HHHHoward Hughes Holdings Inc.$4.6B15.430.917.2%

Price

Price$25.62 (closing price, October 30, 2026)
Market Cap$4.0B
ExchangeNYSE
CountryUS

Profitability

Return on Equity8.56%
Return on Invested Capital554.37%
Return on Assets4.75%
Gross Margin96.23%
Operating Margin85.18%
Net Margin63.24%

Related companies: BPYPO · PECO · REXR · MAC · KRG · CUZ · HHH · IRT

Explore sector: Real Estate · REIT - Residential

More sections of MRP: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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