MRP - NYSE

Millrose Properties, Inc.

MRP·NYSE

$29.06

+5.3%

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$4.48B

EPS2.4400

P/E Ratio11.91

Earnings Date07/30/2026

mrp

Operating Expenses

Last Annual Value

114.39M

3-Year CAGR

-16%

5-Year CAGR

-10%

10-Year CAGR

-5%

Adjust for Inflation

Millrose Properties, Inc. Competitors Analysis of Operating Expenses

MRP · NYSE

Company	Operating Expenses	CAGR 3Y	CAGR 5Y	CAGR 10Y
Millrose Properties, Inc. NYSE:MRP	114.39M	-18.3%	N/A	N/A
Cousins Properties Incorporated NYSE:CUZ	40.44M	-51.2%	-33.8%	-10.6%
Global Net Lease, Inc. NYSE:GNL	-104.02M	N/A	N/A	N/A
The Macerich Company NYSE:MAC	219.71M	-11.0%	-8.4%	-5.2%
Rexford Industrial Realty, Inc. NYSE:REXR	394.77M	73.9%	51.8%	35.9%
Phillips Edison & Company, Inc. NASDAQ:PECO	-209.03M	N/A	N/A	N/A
Howard Hughes Holdings Inc. NYSE:HHH	22.61M	-71.4%	-39.1%	-18.6%
Kite Realty Group Trust NYSE:KRG	255.54M	-17.8%	-2.5%	2.6%
Independence Realty Trust, Inc. NYSE:IRT	-219.28M	N/A	N/A	N/A
Kilroy Realty Corporation NYSE:KRC	430.00M	-1.4%	1.3%	4.6%

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 $29.06, this represents a potential HIDDEN relative to our calculated worth for Millrose Properties, Inc..

HIDDEN

Intrinsic Value

Current Price: $29.06

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