Millrose Properties, Inc.
Millrose Properties, Inc. (NYSE: MRP) purchases and develops residential land, then sells finished homesites to homebuilders through option contracts with predetermined prices and takedown schedules. Builders pay recurring option fees and undertake land development, while Millrose funds development costs within agreed… From the company’s description.
In fiscal 2025, Millrose Properties, Inc. reported revenue of $600.46M and net income of $379.86M. Its operating margin was 80.9%, and operations generated $3.67B in cash. Over the twelve months to Sep 30, 2026, revenue was $792.29M.
Dotted labels explain each measure. is shown separately from the annual figures.
What Millrose Properties, Inc. does
In the company’s own words
Millrose Properties, Inc. (NYSE: MRP) purchases and develops residential land, then sells finished homesites to homebuilders through option contracts with predetermined prices and takedown schedules. Builders pay recurring option fees and undertake land development, while Millrose funds development costs within agreed budgets; proceeds from homesite sales are recycled into future land acquisitions and development. To a lesser extent, the company provides development loans secured by property intended for residential use. Millrose has one reportable segment, which derives revenue primarily from homesites under option contracts and, to a lesser extent, from interest on development loans. Its operations are in the United States, where it held 142,139 homesites across 933 properties in 30 states as of December 31, 2025. The company became independent through a February 2025 spin-off from homebuilder Lennar, receiving land assets representing approximately 87,000 homesites, and acquired approximately 25,000 homesites through its purchase of RCH Holdings, the parent of homebuilder Rausch Coleman.
Company details
- Sector
- Real Estate
- Industry (SIC)
- Real Estate
- Headquarters
- CHEVY CHASE, MD
- Fiscal year end
- December
- CIK
- 2017206
- SIC
- 6500
Financial performance, year by year
Fiscal 2025–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Millrose Properties, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in Millrose Properties, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · Millrose Properties, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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