Millrose Properties, Inc.

NYSE:MRP Stock Report

Market Cap: US$4.6b

Millrose Properties Management

Management criteria checks 0/4

Millrose Properties' CEO is Darren Richman, appointed in Feb 2025, has a tenure of 1.25 years. directly owns 0.3% of the company’s shares, worth $13.82M. The average tenure of the management team and the board of directors is 1.3 years and 1.3 years respectively.

Key information

Darren Richman

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1.3yrs
CEO ownership0.3%
Management average tenure1.3yrs
Board average tenure1.3yrs

Recent management updates

Recent updates

Seeking Alpha • May 06

Millrose Properties: Solid Income Prospects With Limited Growth

Summary Millrose Properties offers a 10% dividend yield, serving as a lower-beta, income-focused play on the housing market post-Lennar spin-off. MRP's portfolio is ramping toward a steady state, with $1 billion deployed in Q1 and full-year guidance reaffirmed for $2 billion in capital deployment. Lennar remains MPR's core counterparty, but non-Lennar exposure is growing, supporting a potential portfolio yield increase toward 9.5%. With muted long-term dividend growth and shares likely to trade below book value, I maintain a 'Buy' rating for income-oriented investors. Read the full article on Seeking Alpha
Seeking Alpha • Mar 20

Millrose Properties Is A Compelling Opportunity As Its Business Ramps

Summary Millrose Properties shares surged 10% following its first quarterly dividend announcement and anticipated earnings run-rate, making it an attractive investment. MRP, spun out from Lennar, holds attractive land assets, offering a 10.8% yield and targeting a 7% ROE, with potential for improvement. Despite current discounts due to Lennar's stake and market pressures, MRP's diverse portfolio and strategic deals with other builders promise stable cash flows. With a fair value target of $28, MRP offers 25% upside, including dividends, making it a compelling buy in the housing sector. Read the full article on Seeking Alpha

CEO

Darren Richman (53 yo)

1.3yrs
Tenure

Mr. Darren L. Richman is CEO & President of Millrose Properties, Inc. from February 7, 2025. Mr. Richman serves as the Co-Founders, Co-Portfolio Managers and Co-Managing Partners at Kennedy Lewis Managemen...

Leadership Team

NamePositionTenureCompensationOwnership
Darren Richman
CEO & President1.3yrsno data0.30%
$ 13.8m
Garett Rosenblum
CFO & Treasurer1.3yrsno data0.0036%
$ 162.9k
Robert Nitkin
Chief Operating Officer1.3yrsno data0.0031%
$ 139.9k
Adil Pasha
Chief Technology Officer1.3yrsno data0.0015%
$ 69.3k
Rachel Presa
General Counsel & Secretary1.3yrsno data0.0015%
$ 69.3k
1.3yrs
Average Tenure
45yo
Average Age

Experienced Management: MRP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Patrick Bartels
Independent Director1.3yrsUS$484.50k0.018%
$ 846.9k
Kathleen Lynch
Independent Director1.3yrsUS$462.00k0.0057%
$ 262.9k
Carlos Migoya
Independent Chair of the Board of Directors1.3yrsUS$502.00k0.010%
$ 469.3k
Matthew Gorson
Independent Director1.3yrsUS$457.00k0.016%
$ 742.8k
M. Mincey
Independent Director1.3yrsUS$464.50k0.0034%
$ 156.4k
1.3yrs
Average Tenure
59yo
Average Age

Experienced Board: MRP's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 22:39
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Millrose Properties, Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ryan GilbertBTIG
Nicholas JosephCitigroup Inc
Nicholas JosephCitigroup Inc