# Millrose Properties Inc. (MRP) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Real Estate / Diversified REITs. Price $25.90, market value $4.3 billion.

## Valuation
- **P/E (trailing): 8.6×** (5-yr avg 11.3×, 3-yr avg 11.3×). Millrose Properties Inc. trades at 8.6× trailing earnings, well below its own five-year average of 11.3×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 7.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.7×**. Each dollar of revenue is priced at 5.7×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Earnings yield: 11.7%**. The inverse of the P/E: 11.7% of the price is earned each year.

## Profitability
- **Operating margin: 85.1%**. 85.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 63.3%**. 63.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.5%**. 6.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.4%**. Return on all capital, debt included, is 6.4%.
- **Return on assets: 5.1%**. Each dollar of assets produces 5.1% of profit.

## Financial health
- **Debt to equity: 0.36**. Debt is 0.36 times equity: a conservative balance sheet.
- **Altman Z-score: 1.88**. A Z-score of 1.88 is in the grey zone; not distressed, not clearly safe.

## Dividends
- **Dividend yield: 12.20%** ($3.07 per share, trailing). Millrose Properties Inc. yields 12.20%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 79%**. 79% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 1**. 1 straight year of increases.

## Analyst view
- **Analyst consensus: strong_buy** (5 analysts). 5 analysts cover Millrose Properties Inc.; the consensus is strong_buy, with an average price target of $36.00 (+39% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -10.0%** (YTD -2.9%, 3-mo -6.4%). The shares are down 10.0% over twelve months including dividends.
- **From 52-week high: -20.5%** (22.9% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 0.77** (volatility 32%). Beta of 0.77 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MRP · Page: https://foliofundamentals.com/stocks/mrp

Not investment advice.