MRP - NYSE

Millrose Properties, Inc.

MRP·NYSE

$27.54

+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$4.25B

EPS2.4400

P/E Ratio13.05

Earnings Date07/30/2026

mrp

Operating Income

Last Annual Value

486.07M

3-Year CAGR

65%

5-Year CAGR

35%

10-Year CAGR

16%

Adjust for Inflation

Millrose Properties, Inc. Competitors Analysis of Operating Income

MRP · NYSE

Company	Operating Income	CAGR 3Y	CAGR 5Y	CAGR 10Y
Millrose Properties, Inc. NYSE:MRP	486.07M	N/A	N/A	N/A
Cousins Properties Incorporated NYSE:CUZ	222.97M	5.6%	4.6%	19.1%
Global Net Lease, Inc. NYSE:GNL	168.32M	N/A	8.5%	10.8%
The Macerich Company NYSE:MAC	167.76M	-1.9%	6.0%	-4.2%
Rexford Industrial Realty, Inc. NYSE:REXR	380.63M	-10.9%	5.2%	17.8%
Phillips Edison & Company, Inc. NASDAQ:PECO	198.85M	-20.2%	-9.4%	3.4%
Howard Hughes Holdings Inc. NYSE:HHH	253.49M	N/A	0.9%	-2.5%
Kite Realty Group Trust NYSE:KRG	195.85M	8.8%	N/A	11.6%
Independence Realty Trust, Inc. NYSE:IRT	121.22M	-6.4%	18.5%	11.8%
Kilroy Realty Corporation NYSE:KRC	315.51M	-1.5%	2.2%	4.9%

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 $27.54, this represents a potential HIDDEN relative to our calculated worth for Millrose Properties, Inc..

HIDDEN

Intrinsic Value

Current Price: $27.54

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