Added to YB: 2025-04-15
Pitch date: 2025-02-27
MRP [bullish]
Millrose Properties, Inc.
+56.72%
current return
Author Info
No bio for this author
Company Info
Millrose Properties, Inc. is the premier permanent capital solution for residential homebuilders and developers.
Market Cap
$4.8B
Pitch Price
$19.47
Price Target
30.63 (+0%)
Dividend
10.63%
EV/EBITDA
N/A
P/E
10.11
EV/Sales
9.56
Sector
Specialized REITs
Category
dividend
Millrose Properties, Inc. - $MRP
MRP: Low-risk land REIT at 64% of book value post-spinoff. 11% yield, 100% payout. Lennar sole client, 8.5% fee. Plans to diversify, market rates 11-13%. Target 87.5% of book ($30.63), 38% upside. Potential 60-70% upside with capital deployment. Risks: land price decline, Lennar dependence. Catalysts: forced selling end, dividend start, diversification.
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