Millrose Properties, Inc. (MRP)
Millrose Properties, Inc. brought in $792.3M of revenue over the twelve months to September 30, 2026. Net income was $501M, a net margin of 63.2%. At September 30, 2026 it held $64.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Millrose Properties, Inc.
- Net worth
- Millrose Properties, Inc. has a market value (market cap) of $4.4B at the latest share price, and shareholders' equity of $5.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $600.5M, with net income of $379.9M. Over the 12 months to September 30, 2026: revenue $792.3M, net income $501M.
- Cash flow
- In fiscal 2025 operations brought in $3.7B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Millrose Properties, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Millrose Properties, Inc. declared dividends of $2.55 per share in fiscal 2025, a yield of 9.58% at the current price.
What Millrose Properties, Inc. does
Millrose Properties, Inc. is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NYSE under the ticker MRP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $600.5M | $379.9M | $2.44 | n/a |
| 2025 | n/a | -$246.2M | n/a | n/a |
| 2023 | n/a | -$209.8M | n/a | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MRP ranks in Finance
Dividends
Millrose Properties, Inc. declared $2.55 per share in fiscal 2025. At the current price that is a yield of 9.58%. It paid out $298.8M in cash dividends, 79% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.55 | $298.8M | 79% |
Latest SEC filings
What Millrose Properties, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 18% to $211M versus the same quarter last year; diluted EPS $0.78 versus $0.63.
- October 27, 2026
- October 6, 2026Material agreement8-KMillrose Properties completed an offering of $1.0 billion in senior notes across two tranches.
- September 23, 2026
- September 23, 2026Other event 8-K
- September 22, 2026Other event 8-K
- September 21, 2026Material agreement8-KMillrose Properties increased its revolving credit facility commitments by $50 million to $1.385 billion and added Flagstar Bank as a lender.
- September 1, 2026
- August 6, 2026Passive stake (5% or more) SCHEDULE 13G
- August 5, 2026
Insider trades
What the people running Millrose Properties, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 10, 2026 | Gorson Matthew B.Director | Bought | 3,000 | $86.4K |
| August 7, 2026 | Migoya Carlos A.Director | Bought | 1,000 | $29.2K |
| May 18, 2026 | Gorson Matthew B.Director | Bought | 4,500 | $121.3K |
| May 13, 2026 | Bartels Patrick J JrDirector | Received as pay | 5,639 | - |
| May 13, 2026 | Migoya Carlos A.Director | Received as pay | 5,639 | - |
| May 13, 2026 | Gorson Matthew B.Director | Received as pay | 5,639 | - |
| May 13, 2026 | Lynch Kathleen B.Director | Received as pay | 5,639 | - |
| May 13, 2026 | Mincey Mary AlisonDirector | Received as pay | 5,639 | - |
Who owns MRP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 10.07% | June 4, 2026 |
| Stuart A. Miller13D, may seek influence | 7.5% | February 14, 2025 |
| LMM Family Corp.13D, may seek influence with 2 related filers | 6.5% | February 14, 2025 |
| Fmr LLC13G, passive with 1 related filers | 5.3% | August 6, 2026 |
| Vanguard Capital Management13G, passive | 5.26% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 522 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 22,238,588 | +1,625,089 |
| Vanguard Portfolio Management LLC | 15,560,238 | +710,776 |
| Fmr LLC | 8,229,447 | +1,702,571 |
| Vanguard Capital Management LLC | 6,940,665 | +11,634 |
| State Street Corp | 6,824,473 | +1,544,461 |
| Brave Warrior Advisors, LLC | 6,030,725 | -2,485,172 |
| Manufacturers Life Insurance Company, The | 4,090,294 | -212,656 |
| Permian Investment Partners, LP | 3,977,316 | +98,004 |
| Norges Bank | 3,919,456 | new |
| Cannell & Spears LLC | 3,703,408 | +25,738 |
| Geode Capital Management, LLC | 3,015,131 | +8,623 |
| Morgan Stanley | 2,694,759 | +65,707 |
| Invesco Ltd. | 2,444,906 | +822,011 |
| Charles Schwab Investment Management Inc | 2,398,402 | +110,446 |
| Aqr Capital Management LLC | 2,340,591 | +1,449,576 |
| Bank of New York Mellon Corp | 1,808,592 | +531,921 |
| Two Sigma Investments, LP | 1,443,419 | -1,557,569 |
| Mangrove Partners IM, LLC | 1,380,992 | 0 |
| Jupiter Asset Management Ltd | 1,330,020 | +2,490 |
| Nuveen, LLC | 1,304,305 | -248,718 |
Insiders
8 insiders reported holding 658,490 shares in total, about $17.5M at the last price.
| Holder | Shares |
|---|---|
| Richman DarrenSee Remarks | 500,00084,000 held indirectly |
| Bartels Patrick J JrDirector | 42,750 |
| Gorson Matthew B.Director | 38,750 |
| Migoya Carlos A.Director | 30,075 |
| Lynch Kathleen B.Director | 21,600 |
| Mincey Mary AlisonDirector | 17,750 |
| Nitkin RobertChief Operating Officer | 5,065 |
| Presa RachelGeneral Counsel and Secretary | 2,500 |
Questions about MRP
What does Millrose Properties, Inc. do?
Millrose Properties, Inc. is a company in the Finance sector, listed on NYSE as MRP. Its shares trade on NYSE under the ticker MRP.
What is Millrose Properties, Inc.'s net worth?
Millrose Properties, Inc. has a market value (market cap) of $4.4B at the latest share price, and shareholders' equity of $5.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Millrose Properties, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $501M on revenue of $792.3M, a net margin of 63.2%.
How much revenue does Millrose Properties, Inc. make?
Over the twelve months to September 30, 2026 Millrose Properties, Inc. reported revenue of $792.3M.
When did Millrose Properties, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026.
When is Millrose Properties, Inc.'s next earnings report?
Millrose Properties, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Millrose Properties, Inc. pay a dividend?
Yes. Millrose Properties, Inc. declared dividends of $2.55 per share in fiscal 2025, a yield of 9.58% at the current price.
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Where the numbers come from
Financial figures are the values Millrose Properties, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.