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MRP Millrose Properties, Inc.

Trailing twelve months to 2026-06-30 · as filed 2026-08-04, not restated
Real Estate

Scale

Market cap
$5.1bn
Revenue TTM
$760m
Net income TTM
$476m
Free cash flow
Composite score
Sector rank
#1058

Valuation

P / E
10.8
EV / EBITDA
EV / sales
6.7
FCF yield
Earnings yield vs 10-yr
4.53pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
62.6%
EBITDA margin
ROE
8.1%
ROIC
11.1%
Revenue growth

Insider activity, last 90 days

Net open-market
$0.12m
Buyers
2
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Sales, general, and administrative expenses from pre-spin period were $25.0 million for the period of January 1, 2025 through February 7, 2025. Three Months Ended June 30, 2026 Versus Three Months Ended June 30, 2025 Overview of Net Income Our net income was $125.9 million for the three months ended June 30, 2026, compared to $112.8 million for the three months ended June 30, 2025. The increase in net income was primarily driven by (i) higher option fee revenues in the current-year period, (ii) a reduction to the allowance for credit losses related to the payoff of a development loan with an unaffiliated third party, and (iii) lower income tax expense. …Millrose Properties, Inc., 10-Q, period ended 2026-06-30, filed 2026-08-04

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