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Millrose Properties, MRP · USD

Real Estate · US listing · 🇺🇸 United States

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26.61

+2.66%

Close of 9 Nov 2026, in USD

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About Millrose Properties,

From its filings with the US Securities and Exchange Commission

SEC filings

Millrose Properties, is based in Chevy Chase, Maryland and is incorporated in Maryland. Its shares trade on NYSE under the ticker MRP. The SEC classifies its business as real estate. In the fiscal year to 31 December 2025, it reported revenue of $600.5m and net income of $379.9m. At that date it held total assets of $9.26bn and shareholders' equity of $5.86bn.

In its own words

Capital Priority Right means the evergreen right Lennar has under the Founder’s Rights Agreement to reserve a certain amount of Millrose’s available capital exclusively for acquisitions of future property assets designated by Lennar and the completion of Horizontal Development of such future property assets for Lennar within any given period. See “Part I, Item 1. Business—Operational Agreements with Lennar—Founder’s Rights Agreement” for more information.

Charter means the Articles of Amendment and Restatement, as the same may be amended or supplemented from time to time, of Millrose.

Class B Common Stock means our Class B common stock, par value $0.01 per share, each with ten votes per share of Class B common stock, except when voting together with the holders of the Class A Common Stock, each share of Class B common stock has the greater of (i) ten votes per share and (ii) that number of votes per share of Class B common stock that would entitle the outstanding shares of Class B common stock to cast, in the aggregate, 35% of the votes entitled to be cast on the matter. Millrose has not applied to have the Class B Common Stock listed on the NYSE or on any other securities exchange, or to have it quoted on any quotation system, and we do not expect to do so in the future.

Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Specialized REITs
Listed since
7 Feb 2025
Head office
C/O CORPORATE CREATIONS NETWORK INC., CHEVY CHASE, MD, 20815
Incorporated in
MD
Classification
Real Estate
Filer status
Non-accelerated filer

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Millrose Properties, Inc. operates in the Real Estate sector with a focus on residential homebuilders.
  • The company's proprietary technology platform provides real-time feedback and data analytics for acquisition decisions.
  • Millrose Properties, Inc. is based in Miami, United States, serving the US market.

Weaknesses

  • Millrose Properties, Inc. has an IPO scheduled for February 7, 2025, indicating a recent listing status.
  • The company's operations are limited to the US market, with no mention of international expansion.
  • Millrose Properties, Inc. specializes in land acquisition and development, which may limit diversification.

Opportunities

  • The US real estate market offers growth potential for residential homebuilder partnerships.
  • Millrose's proprietary technology platform could expand to new segments within the Real Estate industry.
  • The company's asset-light model may attract more homebuilder partners seeking balance sheet efficiency.

Threats

  • The US real estate market faces potential downturns that could impact homebuilder demand.
  • Millrose Properties, Inc. relies on a single city, Miami, for its headquarters, increasing operational risk.
  • The company's IPO in February 2025 may face market volatility affecting its valuation.

Sources and methodology

Data on this tab
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Chart on the Overview
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