Is Millrose Properties (MRP) overvalued or fairly valued?

MarketChacha shows Millrose Properties's valuation in context — a trailing P/E of about 11.7, a forward P/E of about 8.9, a price-to-book of about 0.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Millrose Properties's revenue?

Millrose Properties reported revenue of $600.5M for FY2025, with net profit of $379.9M, per official filings.

What is the share price of Millrose Properties (MRP)?

Millrose Properties last traded at $28.64 (+1.0% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Millrose Properties

MRP · NYSE · Real Estate · United States

$28.64+1.0%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:30 PM

Snapshot

TickerMRP

ExchangeNYSE

SectorReal Estate

IndustryREIT - Residential

CountryUnited States

HeadquartersMiami, United States

Market cap$4.8B

P/E (TTM)11.7

P/B0.8

Volume638.04K

Websitemillroseproperties.com

Filings tracked6

About Millrose Properties

Millrose Properties, Inc. is the premier homesite option platform for residential homebuilders. The company specializes in the acquisition and horizontal development of land to provide a predictable, just-in-time supply of finished homesites the scarcest and mission-critical resource in the homebuilding industry. Unlike traditional land bankers, 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.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.1%
Institutions91.1%
Public & other7.8%

655 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.13.37%
Vanguard Portfolio Management LLC9.63%
Brave Warrior Advisors, LLC5.52%
Vanguard Capital Management LLC4.49%
FMR, LLC4.23%
State Street Corporation3.42%
Manufacturers Life Insurance Co.2.79%
Permian Investment Partners, Lp2.52%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of 6.5% is on the low side — the business earns a modest return on shareholder capital.

Return on equity6.5%

Latest ROE of 6.5% is on the low side — the business earns a modest return on shareholder capital.

One-off items1 of last 3 yrs

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $214.4M · EPS 0.80

Est. earnings growth +26.2%

Next fiscal year

Rev $892.9M · EPS 3.23

Est. earnings growth +4.0%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$26.3052-wk range$36.00

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 7

Market cap

$4.8B

Day change

+1.0%

P/E (TTM)

11.7

Fwd P/E

8.9

P/B

0.8

Div yield

10.86%

Revenue (FY2025)

$600.5M

ROE

6.5%

EPS (FY2025)

2.44

Net profit (FY2025)

$379.9M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about MRP

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	ROE
FY2025	$600.5M	$379.9M*	2.44	6.5%
FY2024	—	$-246.2M	—	-4.8%
FY2023	—	$-209.8M	—	-4.7%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$194.9M	$122.9M*	0.74	—
2025Q3	$179.3M	$105.1M	0.63	58.6%
2025Q2	$149.0M	$112.8M*	0.68	—
2025Q1	$82.7M	$39.8M	0.39	48.1%
2024Q3	—	$-63.7M	—	—
2024Q2	—	$-59.8M	—	—
2024Q1	—	$-57.0M	—	—

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure, Other events, Exhibits
SEC6/23/2026material
8-K — Shareholder vote results
SEC5/19/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC3/27/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC3/23/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.