MRP Real Estate

Millrose Properties, Inc.

$25.90-3.39%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Real Estate
Industry: REIT - Residential
Country: United States
Market cap: 4.3B USD
Enterprise value: 6.2B USD

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Not enough data: growth

Would rank #2 of 632 fully scored real estate companies (top 1%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Cash flow well above reported profit. Free cash flow is 9.7× reported profit.
Free cash flow is 9.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Wide margins. Operating margin 85% (12 months to Jun 2026) vs a peer median of 27%.Operating margin 85% vs peers 27%.
Millrose Properties keeps 85% of revenue as operating profit, more than 95% of peers (median 27%).

StockQuotient Score

94/ 100

Oct 5 94 → Nov 4 94

Valuation

Is the price right?

93/100

Strong

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ FCF yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield11.1%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.18Sector median: 0.0535 · MAD: 0.0484

EBITDA yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0536 · MAD: 0.0204

Free cash flow yield107.1%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 7.53Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield136.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

90/100

Strong▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 89 → 90

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin85.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 2.16Sector median: 0.2683 · MAD: 0.2257

Return on assets4.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.08Sector median: 0.0211 · MAD: 0.0134

Return on invested capital6.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.40Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin85.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity8.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.7490 · MAD: 0.3270

Current ratio46.57×

Yahoo Finance fallback · SEC figure unavailable or out of dateOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.31Sector median: 1.1950 · MAD: 0.7210

Debt / equity0.42×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.98Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Millrose Properties

Is Millrose Properties getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 94/100 since Oct 28, 2026.
How is Millrose Properties valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 762 real estate peers. Free cash flow yield 107.1% vs a peer median of 6.5% (stronger than 95% of peers).Free cash flow yield 107.1% vs peers 6.5% (stronger than 95% of peers).
Is Millrose Properties growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Millrose Properties?: More profitable than most of its peers. Profitability scores 90/100 against 762 real estate peers. Operating margin 85.1% vs a peer median of 26.8% (stronger than 95% of peers).Operating margin 85.1% vs peers 26.8% (stronger than 95% of peers).
How risky is Millrose Properties?: Lower risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 46.57× vs a peer median of 1.20× (stronger than 95% of peers).Current ratio 46.57× vs peers 1.20× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	712.7M USD	760.5M USD	+6.7%
Net income (12 months)	462.9M USD	476.1M USD	+2.8%
Operating margin	85.1%	85.1%	+0.0 pts
Debt	2.4B USD	2.5B USD	+2.5%
Cash	49.3M USD	34.2M USD	−30.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Residential companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2023	FY 2024	FY 2025	Change
Operating margin	—	—	80.9%	—
Net margin	—	—	63.3%	—
Return on assets (ROA)	—	-4.5%	4.1%	▲ 8.6 pts
Return on equity (ROE)	-4.7%	-4.8%	6.5%	▲ 11 pts
Debt to equity	—	0.00×	0.36×	▲ >999%
Interest coverage	—	—	5.30×	—

MRP price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Dear Life Co.,Ltd.3245.T95/ 100

Sakura Development Co.,Ltd2539.TW94/ 100

Ideal Capital Berhad9687.KL92/ 100

Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Not enough data: growth

Would rank #2 of 632 fully scored real estate companies (top 1%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Cash flow well above reported profit. Free cash flow is 9.7× reported profit.

Free cash flow is 9.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Wide margins. Operating margin 85% (12 months to Jun 2026) vs a peer median of 27%.Operating margin 85% vs peers 27%.

Millrose Properties keeps 85% of revenue as operating profit, more than 95% of peers (median 27%).

Questions investors ask about Millrose Properties

Is Millrose Properties getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 94/100 since Oct 28, 2026.

How is Millrose Properties valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 762 real estate peers. Free cash flow yield 107.1% vs a peer median of 6.5% (stronger than 95% of peers).Free cash flow yield 107.1% vs peers 6.5% (stronger than 95% of peers).

Is Millrose Properties growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Millrose Properties?

More profitable than most of its peers. Profitability scores 90/100 against 762 real estate peers. Operating margin 85.1% vs a peer median of 26.8% (stronger than 95% of peers).Operating margin 85.1% vs peers 26.8% (stronger than 95% of peers).

How risky is Millrose Properties?

Lower risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 46.57× vs a peer median of 1.20× (stronger than 95% of peers).Current ratio 46.57× vs peers 1.20× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

712.7M USD

760.5M USD

+6.7%

Net income (12 months)

462.9M USD

476.1M USD

+2.8%

Operating margin

85.1%

85.1%

+0.0 pts

Debt

2.4B USD

2.5B USD

+2.5%

Cash

49.3M USD

34.2M USD

−30.7%

Key ratios

FY 2023

FY 2024

FY 2025

Change

Operating margin

—

80.9%

—

Net margin

—

63.3%

—

Return on assets (ROA)

—

-4.5%

4.1%

▲ 8.6 pts

Return on equity (ROE)

-4.7%

-4.8%

6.5%

▲ 11 pts

Debt to equity

—

0.00×

0.36×

▲ >999%

Interest coverage

—

5.30×

—