# Millrose Properties (MRP.US)

Canonical: https://gigainvestors.com/s/MRP

Analysis as of: 2026-10-16T07:30:22.653Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $22.22 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Glenn Greenberg](https://gigainvestors.com/CCM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Miller](https://gigainvestors.com/LMM): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 37% since Aug 2025

Story as of 2026-10-16T10:01:28.424Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in property rentals; annual sales are USD 600.5 million.

- Source: https://www.sec.gov/Archives/edgar/data/2017206/000201720626000002/ck0002017206-20251231.htm (filed 2026-03-02); FY2025: revenue 600461000; grossProfit 512710000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MRP.US: Millrose Properties, Inc. is the premier permanent capital solution for residential homebuilders and developers. The company specializes in the acquisition, financing and development of residential land through long-term, capital-efficient structures. The company also provides homebuilders with a predictable, just-in-time supply of finished homesites " the scarcest and mission-critical resource in the homebuilding industry. Millrose utilizes a proprietary technology platform that provides real-time feedback and data analytics to drive acquisition decisions. Every transaction in the Millrose portfolio undergoes rigorous independent due diligence to ensure attractive yields and long-term viability. By enabling an asset-light model, Millrose provides its diverse roster of homebuilder partners with the strategic flexibility to maintain production volumes and optimize balance sheet efficiency across all market environments. Millrose Properties, Inc.is based in Miami, United States.

### Where the cash goes

Reinvests 30.5% of cash earnings; paid dividends in 1 of 1 year.

- Source: https://www.sec.gov/Archives/edgar/data/2017206/000201720626000002/ck0002017206-20251231.htm (filed 2026-03-02); FY2025: growth capex 0; upkeep 858938000; cash acquisitions 858938000; owner earnings 2813206000. Growth capex plus acquisitions / owner earnings = 0.30532353478557916.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); Dividend observations: [[2025,298806000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 1.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); MRP.US SharesStats.PercentInsiders = 1.1280000000000001 percentage points; cache date 2026-10-16.

### What the price says

The price is 6.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-02); Closing price 22.22 USD; reporting-to-trading FX 1; FY2025 annual sales per share 3.6166552291425482; price multiple 6.14379823129229. FY2025 cash earnings/share 16.944308107529366. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-02: $22.86 per share

- 2025-03: $26.51 per share

- 2025-04: $25.04 per share

- 2025-05: $27.87 per share

- 2025-06: $28.51 per share

- 2025-07: $29.99 per share

- 2025-08: $35.31 per share

- 2025-09: $33.61 per share

- 2025-10: $32.21 per share

- 2025-11: $30.46 per share

- 2025-12: $29.87 per share

- 2026-01: $29.80 per share

- 2026-02: $31.36 per share

- 2026-03: $28.00 per share

- 2026-04: $30.67 per share

- 2026-05: $28.22 per share

- 2026-06: $30.05 per share

- 2026-07: $27.98 per share

- 2026-08: $30.42 per share

- 2026-09: $25.97 per share

- 2026-10: $22.22 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2017206/000201720626000002/ck0002017206-20251231.htm); period 2025-12-31, filed 2026-03-02.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.