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Millrose Properties, Inc. Stock Price

NYSE:MRP Community·US$5.0b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 23 Fair Values set on narratives written by author

MRP Share Price Performance

US$29.66
0.78 (2.70%)
US$38.60
Fair Value
US$29.66
0.78 (2.70%)
23.2% undervalued intrinsic discount
US$38.60
Fair Value
Price US$29.66
AnalystConsensusTarget US$38.60

MRP Community Narratives

·
Fair Value US$38.6 23.2% undervalued intrinsic discount

Long-Term Housing Undersupply And AI Underwriting Will Support Strong Future Performance

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US$38.6
23.2% undervalued intrinsic discount
Revenue
39.21% p.a.
Profit Margin
61.81%
Future PE
11.76x
Price in 2028
US$48.55

Trending Discussion

Updated Narratives

MRP logo

Long-Term Housing Undersupply And AI Underwriting Will Support Strong Future Performance

Fair Value: US$38.6 23.2% undervalued intrinsic discount
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Snowflake Analysis

Very undervalued with adequate balance sheet and pays a dividend.

1 Risk
5 Rewards

Millrose Properties, Inc. Key Details

US$712.7m

Revenue

US$103.8m

Cost of Revenue

US$608.9m

Gross Profit

US$146.0m

Other Expenses

US$462.9m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
2.79
85.44%
64.96%
41.5%
View Full Analysis

About MRP

Founded
n/a
Employees
n/a
CEO
Darren Lewis Richman
WebsiteView website
millroseproperties.com

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.

Recent MRP News & Updates

Seeking Alpha Jun 25

Millrose: A Near 11% Yield Trading At A Bargain Price

Summary Millrose Properties is a newly public REIT offering unique homesite option contracts, spun out from Lennar, and currently trades at a discount to book value. MRP delivers strong AFFO growth—projected near 20% in 2026 and mid/high-teens thereafter—paired with a 10.7% dividend yield, fully covered by AFFO. Capital deployment into higher-yielding contracts, especially outside the Lennar relationship, is expected to drive incremental AFFO and support a premium to book value. I initiate coverage with a Buy rating and a $39 price target (1.1x book), citing robust growth, high yield, and an attractive risk/reward profile. Read the full article on Seeking Alpha

Recent updates

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