MRP
Millrose Properties, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-35/100
Last price
23.16
▲ 0.65 (2.89%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
22.56
Prev close
22.51
Day high
23.34
Day low
22.65
Volume
5.36M
Market cap
$3.85B
P/E (TTM)
7.85
52W range
21.85 – 33.49
Day trading desk
Gap from prior close
+0.22%
Prior close 22.51
VWAP
23.11
+0.22% from price
Relative volume
7.29×
Unusually busy
Session range
3.50%
22.55 – 23.34
Position in range
77%
Near session high
ATR (14D)
1.15
4.95% of price
Prior day high
23.25
PDH
Prior day low
21.85
PDL
Bid / ask spread
—
Quote not published
Session volume
11.66M
Avg 1.60M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-12.60%
-14.5%
1M
-27.64%
-28.8%
3M
-17.78%
-22.3%
6M
-16.41%
-34.6%
YTD
-22.43%
-36.7%
1Y
-28.00%
-44.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MRP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.87M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 10, 26 | GORSON MATTHEW B. Director |
BUY | 3.00K | $86.40K | Direct |
| Aug 7, 26 | MIGOYA CARLOS A Director |
BUY | 1.00K | $29.18K | Direct |
| May 18, 26 | GORSON MATTHEW B. Director |
BUY | 4.50K | $121.34K | Direct |
| May 13, 26 | PRESA RACHEL JADE General Counsel |
BUY | 1.03K | $27.88K | Direct |
| May 13, 26 | MIGOYA CARLOS A Director |
STOCK | 5.64K | $0 | Direct |
| May 13, 26 | BARTELS PATRICK J. JR. Director |
STOCK | 5.64K | $0 | Direct |
| May 13, 26 | LYNCH KATHLEEN B Director |
STOCK | 5.64K | $0 | Direct |
| May 13, 26 | MINCEY MARY ALISON Director |
STOCK | 5.64K | $0 | Direct |
| May 13, 26 | GORSON MATTHEW B. Director |
STOCK | 5.64K | $0 | Direct |
| May 12, 26 | NITKIN ROBERT Chief Operating Officer |
BUY | 1.84K | $48.94K | Direct |
| May 11, 26 | RICHMAN DARREN Chief Executive Officer |
BUY | 235.00K | $6.42M | |
| Mar 5, 26 | GORSON MATTHEW B. Director |
BUY | 1.00K | $30.66K | Direct |
| Dec 10, 25 | MIGOYA CARLOS A Director |
STOCK | 6.45K | $0 | Direct |
| Dec 10, 25 | BARTELS PATRICK J. JR. Director |
STOCK | 6.45K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BARTELS PATRICK J. JR. |
Director | 42.75K | Stock Award(Grant) |
GORSON MATTHEW B. |
Director | 38.75K | Purchase |
LYNCH KATHLEEN B |
Director | 21.60K | Stock Award(Grant) |
MIGOYA CARLOS A |
Director | 30.07K | Purchase |
MINCEY MARY ALISON |
Director | 17.75K | Stock Award(Grant) |
NITKIN ROBERT |
Chief Operating Officer | 5.07K | Purchase |
PASHA ADIL |
Chief Technology Officer | 2.50K | Purchase |
PRESA RACHEL JADE |
General Counsel | 2.50K | Purchase |
RICHMAN DARREN |
Chief Executive Officer | — | Purchase |
ROSENBLUM GARETT |
Chief Financial Officer | 5.90K | Purchase |
Fundamentals
Market cap$3.85B
Enterprise value$6.30B
Revenue (TTM)$760.54M
Gross profit$648.79M
EBITDA—
Net income$476.06M
EPS (TTM)$2.95
Free cash flow$-1.38B
Total cash$34.17M
Total debt$2.49B
Book value / share$35.24
Shares outstanding154.23M
Float153.10M
Short % of float5.89%
Dividend yield13.64%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E7.85
Forward P/E7.16
PEG ratio—
Price / sales—
Price / book0.66
EV / revenue8.29
EV / EBITDA—
Gross margin85.31%
Operating margin85.16%
Profit margin62.60%
Return on equity8.12%
Return on assets4.58%
Debt / equity42.58
Current ratio46.57
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Total revenue | $600.46M | $0 | $0 | — |
| Operating revenue | $600.46M | $0 | $0 | — |
| Cost of revenue | $87.75M | $0 | $0 | — |
| Gross profit | $512.71M | $0 | $0 | — |
| Selling, general & admin | $25.64M | $246.22M | $209.79M | -89.6% |
| Total operating expense | $26.64M | $246.22M | $209.79M | -89.2% |
| Operating income | $486.07M | -$246.22M | -$209.79M | +297.4% |
| Net interest income | -$84.09M | $0 | $0 | — |
| Pre-tax income | $400.37M | -$246.22M | -$209.79M | +262.6% |
| Tax provision | $20.51M | $0 | $0 | — |
| Net income | $379.86M | -$246.22M | -$209.79M | +254.3% |
| Net income to common | $404.82M | -$246.22M | -$209.79M | +264.4% |
| Basic EPS | 2.44 | -1.48 | -1.55 | +264.5% |
| Diluted EPS | 2.44 | -1.48 | -1.55 | +264.5% |
| EBIT | $492.17M | -$246.22M | -$209.79M | +299.9% |
| EBITDA | $492.17M | -$246.22M | -$209.79M | +299.9% |
| Basic shares | 166.00M | 166.00M | 135.00M | +0.0% |
| Diluted shares | 166.03M | 166.00M | 135.00M | +0.0% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $35.05M | $0 | $100 | — |
| Cash & short-term investments | $35.05M | $0 | $100 | — |
| Inventory | $0 | $5.47B | — | -100.0% |
| Total current assets | $364.05M | $5.47B | $100 | -93.3% |
| Total assets | $9.26B | $5.47B | $100 | +69.4% |
| Total current liabilities | $185.45M | $282.73M | — | -34.4% |
| Long-term debt | $2.11B | $24.19M | — | +8,631.9% |
| Total debt | $2.11B | $24.19M | — | +8,631.9% |
| Total liabilities | $3.40B | $306.92M | $0 | +1,008.4% |
| Retained earnings | -$18.48M | $0 | — | — |
| Shareholder equity | $5.86B | $5.16B | $100 | +13.5% |
| Working capital | $178.60M | $5.18B | — | -96.6% |
| Net tangible assets | $5.86B | $5.16B | $100 | +13.5% |
| Shares issued | 166.00M | 166.00M | 166.00M | +0.0% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Net income | $379.86M | -$246.22M | -$209.79M | +254.3% |
| Stock-based compensation | $677.00K | $14.94M | $10.09M | -95.5% |
| Change in working capital | $3.28B | -$685.90M | -$665.42M | +577.6% |
| Operating cash flow | $3.67B | -$917.19M | -$865.12M | +500.4% |
| Investing cash flow | -$5.72B | $0 | $0 | — |
| Dividends paid | -$298.81M | $0 | $0 | — |
| Financing cash flow | $2.08B | $917.19M | $865.12M | +127.3% |
| Free cash flow | $3.67B | -$917.19M | -$865.12M | +500.4% |
| End cash position | $35.05M | $0 | $0 | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $196.85M | $194.93M | $189.50M | $149.00M | $82.70M | +1.0% |
| Operating revenue | $196.85M | $194.93M | $189.50M | $149.00M | $82.70M | +1.0% |
| Cost of revenue | $29.91M | $28.15M | $27.79M | $21.96M | $12.10M | +6.2% |
| Gross profit | $166.94M | $166.78M | $161.71M | $127.04M | $70.59M | +0.1% |
| Selling, general & admin | $217.00K | $692.00K | $307.00K | $181.00K | $24.96M | -68.6% |
| Total operating expense | -$690.00K | $692.00K | $972.00K | $181.00K | $24.96M | -199.7% |
| Operating income | $167.63M | $166.08M | $160.74M | $126.86M | $45.63M | +0.9% |
| Net interest income | -$38.91M | -$38.08M | -$32.88M | -$8.47M | -$1.45M | -2.2% |
| Pre-tax income | $128.34M | $127.92M | $127.74M | $117.53M | $44.19M | +0.3% |
| Tax provision | $2.46M | $5.04M | $5.50M | $4.77M | $4.38M | -51.2% |
| Net income | $125.88M | $122.88M | $122.24M | $112.76M | $39.81M | +2.4% |
| Net income to common | $125.88M | $122.88M | $122.24M | $112.76M | $64.77M | +2.4% |
| Basic EPS | 0.76 | 0.74 | 0.74 | 0.68 | 0.39 | +2.7% |
| Diluted EPS | 0.76 | 0.74 | 0.74 | 0.68 | 0.39 | +2.7% |
| EBIT | $168.35M | $167.13M | $162.96M | $127.81M | $46.72M | +0.7% |
| EBITDA | $168.35M | $167.13M | $162.96M | $127.81M | $46.72M | +0.7% |
| Basic shares | 166.05M | 166.00M | 166.00M | 166.00M | 166.00M | +0.0% |
| Diluted shares | 166.06M | 166.03M | 166.04M | 166.03M | 166.00M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $34.17M | $49.28M | $35.05M | $66.58M | $89.52M | -30.7% |
| Cash & short-term investments | $34.17M | $49.28M | $35.05M | $66.58M | $89.52M | -30.7% |
| Inventory | — | — | $0 | $7.85B | $7.00B | — |
| Total current assets | $83.98M | $372.50M | $364.05M | $7.96B | $7.14B | -77.5% |
| Total assets | $9.71B | $9.57B | $9.26B | $7.97B | $7.15B | +1.4% |
| Total current liabilities | $192.42M | $156.99M | $185.45M | $131.76M | $769.62M | +22.6% |
| Long-term debt | $2.48B | $2.42B | $2.11B | $1.01B | $350.00M | +2.5% |
| Total debt | $2.48B | $2.42B | $2.11B | $1.01B | $350.00M | +2.5% |
| Total liabilities | $3.86B | $3.72B | $3.40B | $2.10B | $1.28B | +3.7% |
| Retained earnings | -$23.74M | -$21.76M | -$18.48M | -$98.00K | $1.69M | -9.1% |
| Shareholder equity | $5.85B | $5.85B | $5.86B | $5.87B | $5.88B | -0.0% |
| Working capital | -$108.44M | $215.52M | $178.60M | $7.83B | $6.37B | -150.3% |
| Net tangible assets | $5.85B | $5.85B | $5.86B | $5.87B | $5.88B | -0.0% |
| Shares issued | 166.05M | 166.00M | 166.00M | 166.00M | 166.00M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $125.88M | $122.88M | $122.24M | — | $112.76M | $39.81M | +2.4% |
| Stock-based compensation | $217.00K | $692.00K | $307.00K | — | $181.00K | $0 | -68.6% |
| Change in working capital | $759.91M | $681.01M | $3.31B | -$1.47B | $785.02M | — | +11.6% |
| Operating cash flow | $886.01M | $797.30M | $3.42B | -$1.36B | $896.28M | — | +11.1% |
| Capital expenditure | — | — | — | — | — | -$858.94M | — |
| Investing cash flow | -$834.84M | -$962.02M | -$3.61B | $704.57M | -$1.51B | — | +13.2% |
| Dividends paid | -$126.28M | -$124.50M | -$121.18M | — | -$63.08M | $0 | -1.4% |
| Financing cash flow | -$66.28M | $178.95M | -$12.66M | — | $594.74M | $674.44M | -137.0% |
| Free cash flow | $886.01M | $797.30M | $4.28B | -$1.36B | $37.34M | — | +11.1% |
| End cash position | $34.17M | $49.28M | $35.05M | — | $66.58M | $89.52M | -30.7% |
Options analytics
Put / call volume
0.20
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
15.00
-35.3% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
192
Contracts, this expiry
Put volume
38
Contracts, this expiry
Heaviest call OI
15.00
0 contracts
Heaviest put OI
20.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.76 | 0.76 | +0.7% |
| Mar 2026 | 0.77 | 0.74 | -3.3% |
| Dec 2025 | 0.74 | 0.74 | 0.0% |
| Sep 2025 | 0.64 | 0.63 | -1.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.77 | 3 | $205.90M | +14.9% |
| Next quarter | 0.78 | 3 | $214.77M | +13.3% |
| Current year | 3.06 | 3 | $810.48M | +35.0% |
| Next year | 3.24 | 3 | $886.42M | +9.4% |
Analyst targets & ownership
Mean target$36.60
High target$40.00
Low target$35.00
Implied upside58.03%
Analyst count5
ConsensusSTRONG BUY
Strong buy / Buy0 / 5
Hold1
Sell / Strong sell0 / 0
Held by insiders1.13%
Held by institutions94.09%
Institutions holding697
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
25.54
-9.31% from price
SMA 20
27.40
-15.45% from price
SMA 50
28.92
-19.89% from price
SMA 100
28.74
-19.41% from price
SMA 200
29.31
-20.96% from price
EMA 12
25.70
-9.88% from price
EMA 26
27.29
-15.14% from price
EMA 50
28.22
-17.92% from price
RSI (14)
21.8
Oversold
MACD (12,26,9)
-1.59
Hist -0.53
ATR (14)
1.15
4.95% of price
Realised vol 30D
39.3%
Annualised
Bollinger upper
31.80
20, 2σ
Bollinger lower
23.00
20, 2σ
50 / 200 cross
Death
28.92 vs 29.31
Trend bias
Below 200
-20.96%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.74
Less volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
39.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-31.9%
Peak to trough
Max drawdown 5Y
-36.6%
Peak to trough
ATR 14
1.15
4.95% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
7.82M
Prior 6.69M
Change vs prior
+16.9%
Shorts adding
% of float
5.89%
Normal
% of shares out
4.71%
Against total outstanding
Days to cover
7.6
Crowded exit
Float
153.10M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | Citizens | DOWNGRADE | Market Outperform | Market Perform |
| Oct 29, 25 | Citigroup | MAINTAINED | Buy | Buy |
| Oct 27, 25 | Freedom Broker | MAINTAINED | Buy | Buy |
| Oct 8, 25 | JMP Securities | INITIATED | — | Market Outperform |
| Sep 22, 25 | LUCID CAPITAL MARKETS | INITIATED | — | Buy |
| May 15, 25 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Apr 14, 25 | Citigroup | INITIATED | — | Buy |
| Feb 27, 25 | Goldman Sachs | INITIATED | — | Buy |
Dividends & splits
Forward rate$3.16 / yr
Forward yield13.64%
5-year avg yield—
Payout ratio104.88%
Ex-dividend dateOct 5, 2026
Next pay dateOct 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-23
Corporate Changes & Voting Matters
8-K · 2026-09-22
Corporate Changes & Voting Matters
8-K · 2026-09-21
Corporate Changes & Voting Matters
8-K · 2026-09-01
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-06-23
Corporate Changes & Voting Matters
8-K · 2026-05-19
Headlines
Berkshire Buys More Lennar Stock As Mortgage Rates Rise
Investor's Business Daily · 11h ago
Berkshire Bought $193 Million More Lennar. Abel Doesn’t “Envision a Quick Recovery”
24/7 Wall St. · 15h ago
Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of Big Homebuilder
Barrons.com · 23h ago
Why Lennar Stock Just Suffered Its Worst Drop Since 2024
Barrons.com · 1d ago
Millrose Properties (MRP) Stock May Be Below Fair Value Following $1B Notes Offering
Simply Wall St. · 13d ago
Millrose Properties Announces Quarterly Dividend Payment
Business Wire · 13d ago
Millrose Properties Prices $1 Billion Notes Offering
MT Newswires · 14d ago
Millrose Properties, Inc. Announces Pricing of $1.0 Billion Senior Notes Offering
Business Wire · 14d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.