# Millrose Properties Inc. (MRP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $32.02, market value $5.3 billion.

## Valuation
- **P/E (trailing): 11.2×** (5-yr avg 11.3×, 3-yr avg 11.3×). Millrose Properties Inc. trades at 11.2× trailing earnings, close to its own five-year average of 11.3×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 9.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 7.0×**. Each dollar of revenue is priced at 7.0×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Earnings yield: 9.0%**. The inverse of the P/E: 9.0% 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: 2.06**. A Z-score of 2.06 is in the grey zone; not distressed, not clearly safe.

## Dividends
- **Dividend yield: 9.62%** ($3.01 per share, trailing). Millrose Properties Inc. yields 9.62%, 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** (6 analysts). 6 analysts cover Millrose Properties Inc.; the consensus is strong_buy, with an average price target of $37.17 (+16% 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): 3.5%** (YTD 16.0%, 3-mo 13.6%). The shares are up 3.5% over twelve months including dividends.
- **From 52-week high: -9.7%** (21.7% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 72**. An RSI of 72 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.77** (volatility 26%). 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.