Is Millrose Properties (MRP) overvalued or fairly valued?

MarketChacha shows Millrose Properties's valuation in context — a trailing P/E of about 11.4, a forward P/E of about 9.8, a price-to-book of about 0.9 — 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 $32.02 (+0.9% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Millrose Properties

MRP · NYSE · Real Estate · United States

Snapshot

TickerMRP

ExchangeNYSE

SectorReal Estate

IndustryREIT - Residential

CountryUnited States

HeadquartersMiami, United States

Websitemillroseproperties.com

Filings tracked25

About Millrose Properties

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. 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.

Who owns it

Insiders1.1%
Institutions93.9%
Public & other5.0%

693 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.42%
Vanguard Portfolio Management LLC10.09%
FMR, LLC5.34%
Vanguard Capital Management LLC4.50%
State Street Corporation4.42%
Brave Warrior Advisors, LLC3.91%
Manufacturers Life Insurance Co.2.65%
Permian Investment Partners, Lp2.58%

Largest institutional holders — last updated 6/30/2026.

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 $215.5M · EPS 0.81

Est. earnings growth +9.9%

Next fiscal year

Rev $871.0M · EPS 3.26

Est. earnings growth +4.8%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$600.5M

ROE

6.5%

EPS (FY2025)

2.44

Net profit (FY2025)

$379.9M

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
2026Q2	$196.9M	$125.9M*	0.76	—
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 — Material agreement, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/4/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/4/2026material
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
10-K filing
SEC3/2/2026
8-K — Reg FD disclosure, Exhibits
SEC2/27/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/26/2026material

2025

8-K — Reg FD disclosure, Other events
SEC12/22/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/23/2025material
10-Q filing
SEC10/23/2025
8-K — Results of operations, Exhibits
SEC10/9/2025material
8-K — Reg FD disclosure, Other events
SEC9/22/2025material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC9/12/2025material
8-K — Other events, Exhibits
SEC9/9/2025material
8-K — Other events, Exhibits
SEC9/8/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC8/8/2025material
8-K — Other events, Exhibits
SEC8/5/2025material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC8/4/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/31/2025material
10-Q filing
SEC7/31/2025

In the news

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