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

Free Cash Flow

Last Annual Value

3.67B

3-Year CAGR

136%

5-Year CAGR

67%

10-Year CAGR

29%

Adjust for Inflation

Millrose Properties, Inc. Competitors Analysis of Free Cash Flow

MRP · NYSE

Company	Free Cash Flow	CAGR 3Y	CAGR 5Y	CAGR 10Y
Millrose Properties, Inc. NYSE:MRP	3.67B	N/A	N/A	N/A
Cousins Properties Incorporated NYSE:CUZ	135.04M	15.0%	-19.1%	50.7%
Global Net Lease, Inc. NYSE:GNL	189.40M	25.2%	0.5%	5.2%
The Macerich Company NYSE:MAC	321.60M	2.9%	2.3%	-2.9%
Rexford Industrial Realty, Inc. NYSE:REXR	208.66M	9.0%	10.1%	23.9%
Phillips Edison & Company, Inc. NASDAQ:PECO	212.00M	2.7%	2.4%	N/A
Howard Hughes Holdings Inc. NYSE:HHH	440.76M	N/A	N/A	24.5%
Kite Realty Group Trust NYSE:KRG	277.65M	3.3%	45.2%	16.4%
Independence Realty Trust, Inc. NYSE:IRT	146.52M	8.2%	73.6%	N/A
Kilroy Realty Corporation NYSE:KRC	-121.65M	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

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