Latest revenue
$194.9M
as of 2026-03-31
Latest net income
$122.9M
as of 2026-03-31
Net margin
63.0%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 10.6%
- 52-wk high
- $36.00
- 52-wk low
- $26.30
- Beta
- —
- Shares out
- —
5-year trend
What this company does
Item 1. Business Overview of Our Company Millrose Properties, Inc. is a corporation incorporated under the laws of the State of Maryland on March 19, 2024 and later spun-off by Lennar. The Spin-Off was completed on February 7, 2025, at which time we became an independent, publicly traded company and our Class A common stock was listed on the New York Stock Exchange under the symbol “MRP”. Millrose purchases and develops residential land and sells finished homesites to homebuilders by way of option contracts with predetermined costs and takedown schedules. We serve as a solution for homebuilders seeking to expand access to finished homesites while implementing an asset-light strategy. Our…
AI summary unavailable — showing raw filing excerpt
Generated from MRP's filing dated 2026-03-02
Key risks
Risk Factors Our business involves substantial risks. Any of the risk factors described below or elsewhere in this Form 10-K could significantly and adversely affect our business prospects, financial condition and results of operations. The risks described below are not the only ones facing us. Additional risks and uncertainties not presently known to us or that we currently deem to be immaterial may also adversely affect us. RISK FACTORS Risks Related to Our Business Model and Investment in a Recently Formed Entity We are a recently formed company with limited operating history, and you have a limited basis on which to evaluate our ability to achieve our business objectives or to perform…
AI summary unavailable — showing raw filing excerpt
Generated from MRP's filing dated 2026-03-02
Profitability
Operating margin
80.9%
Net margin
63.3%
Return on equity
6.5%
235.9%Return on assets
4.1%
191.1%Leverage
Debt / equity
0.58×
876.3%Long-term debt / equity
0.36×
7591.3%Debt / assets
36.7%
554.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $194.9M | +135.7% | $122.9M | +208.7% | 63.0% |
Q4 2025 2025-12-31 | $189.5M | — | $122.2M | — | 64.5% |
Q3 2025 2025-09-30 | $179.3M | — | $105.1M | — | 58.6% |
Q2 2025 2025-06-30 | $149.0M | — | $112.8M | — | 75.7% |
Q1 2025 2025-03-31 | $82.7M | — | $39.8M | — | 48.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate · SIC 6500
Your notes
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Insider activity
Insider buying
$7.1M
Insider selling
$0
Net activity
+$7.1M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns MRP
Institutional value
$1.90B
Total shares held
69.9M
Distinct holders
338
+40 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 20.6M | $577.2M | +659.8K (+3.3%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.8M | $415.8M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 6.9M | $194.0M | — | New |
| 4 | Capital World Investors | 1.6M | $46.0M | +0 (+0.0%) | No change |
| 5 | Invesco Ltd. | 1.6M | $45.4M | +830.5K (+104.8%) | Added |
| 6 | Nuveen, LLC | 1.6M | $43.5M | +691.0K (+80.2%) | Added |
| 7 | JUPITER ASSET MANAGEMENT LTD | 1.3M | $37.2M | — | New |
| 8 | Bank of New York Mellon Corp | 1.3M | $35.7M | -7.8K (-0.6%) | Trimmed |
| 9 | Pacer Advisors, Inc. | 1.2M | $34.4M | — | New |
| 10 | JPMORGAN CHASE & CO | 1.2M | $32.4M | +853.1K (+255.4%) | Added |
| 11 | LOS ANGELES CAPITAL MANAGEMENT LLC | 1.1M | $31.0M | — | New |
| 12 | PRINCIPAL FINANCIAL GROUP INC | 1.0M | $29.2M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 959.0K | $26.9M | — | New |
| 14 | Pacific Heights Asset Management LLC | 750.0K | $21.0M | — | New |
| 15 | Russell Investments Group, Ltd. | 706.2K | $19.8M | -86.3K (-10.9%) | Trimmed |
| 16 | UBS Group AG | 667.9K | $18.7M | — | New |
| 17 | Public Sector Pension Investment Board | 650.4K | $18.2M | +15.6K (+2.5%) | Added |
| 18 | RHUMBLINE ADVISERS | 375.7K | $10.5M | +16.1K (+4.5%) | Added |
| 19 | SEI INVESTMENTS CO | 347.2K | $9.7M | +240.4K (+225.1%) | Added |
| 20 | Legal & General Group Plc | 343.7K | $9.6M | -10.4K (-2.9%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once MRP's latest filing finishes processing.