MRP - NYSE

Millrose Properties, Inc.

MRP·NYSE

$28.81

+4.4%

Real EstateREIT - Residential

Millrose Properties is a Homesite Option Purchase Platform (HOPP'R), an evolution of residential land banking, accelerating homebuilders' capital-efficient growth of controlled land positions. As a publicly traded Homesite Option Purchase Platform, Millrose provides investors with a unique residential real estate backed income-generating investment opportunity historically limited to institutional investors.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$4.44B

EPS2.4400

P/E Ratio11.81

Earnings Date07/30/2026

mrp

Deferred Revenue (Non-Current)

Last Annual Value

927.00M

3-Year CAGR

5-Year CAGR

10-Year CAGR

Adjust for Inflation

Millrose Properties, Inc. Competitors Analysis of Deferred Revenue (Non-Current)

MRP · NYSE

Company	Deferred Revenue (Non-Current)	CAGR 3Y	CAGR 5Y	CAGR 10Y
Millrose Properties, Inc. NYSE:MRP	927.00M	N/A	N/A	N/A
Cousins Properties Incorporated NYSE:CUZ	343.64M	N/A	35.8%	26.3%
Global Net Lease, Inc. NYSE:GNL	0.00	N/A	N/A	N/A
The Macerich Company NYSE:MAC	0.00	N/A	N/A	N/A
Rexford Industrial Realty, Inc. NYSE:REXR	88.78M	N/A	N/A	38.4%
Phillips Edison & Company, Inc. NASDAQ:PECO	0.00	N/A	N/A	N/A
Howard Hughes Holdings Inc. NYSE:HHH	166.12M	N/A	10.1%	3.9%
Kite Realty Group Trust NYSE:KRG	31.46M	N/A	N/A	10.7%
Independence Realty Trust, Inc. NYSE:IRT	0.00	N/A	N/A	N/A
Kilroy Realty Corporation NYSE:KRC	0.00	N/A	N/A	N/A

Millrose Properties, Inc. Fair Value Envelope

MRP · NYSE

Our analysis suggests that MRP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $28.81, this represents a potential HIDDEN relative to our calculated worth for Millrose Properties, Inc..

HIDDEN

Intrinsic Value

Current Price: $28.81

Related Guides

Blog Categories

Continue your MRP research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.