Millrose Properties, Inc. (MRP) - Net Assets
Based on the latest financial reports, Millrose Properties, Inc. (MRP) has net assets worth $5.85 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.71 Billion) and total liabilities ($3.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See MRP equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.85 Billion |
| % of Total Assets | 60.28% |
| Annual Growth Rate | -8.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 26.49 |
Millrose Properties, Inc. - Net Assets Trend (2022–2025)
This chart illustrates how Millrose Properties, Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Millrose Properties, Inc. (MRP) total market value.
Annual Net Assets for Millrose Properties, Inc. (2022–2025)
The table below shows the annual net assets of Millrose Properties, Inc. from 2022 to 2025. Also explore Millrose Properties, Inc. net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.86 Billion | +13.53% |
| 2024-12-31 | $5.16 Billion | +15.69% |
| 2023-12-31 | $4.46 Billion | -41.55% |
| 2022-12-31 | $7.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millrose Properties, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1848500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.66 Million | 0.03% |
| Other Components | $5.87 Billion | 100.29% |
| Total Equity | $5.86 Billion | 100.00% |
Millrose Properties, Inc. Competitors by Market Cap
The table below lists competitors of Millrose Properties, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cia de Distribucion Integral
MC:LOG
|
$4.47 Billion |
|
Choice Hotels International Inc
NYSE:CHH
|
$4.47 Billion |
|
UMICORE S.A UNSP.ADR 1/4
F:NVJ
|
$4.47 Billion |
|
Fulton Financial Corporation
NASDAQ:FULT
|
$4.47 Billion |
|
Brinks Company
NYSE:BCO
|
$4.46 Billion |
|
Hanjaya Mandala Sampoerna Tbk PT
JK:HMSP
|
$4.46 Billion |
|
Arxis, Inc. Class A Common Stock
NASDAQ:ARXS
|
$4.46 Billion |
|
Indosat Tbk
JK:ISAT
|
$4.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millrose Properties, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,158,372,000 to 5,856,262,000, a change of 697,890,000 (13.5%).
- Net income of 379,864,000 contributed positively to equity growth.
- Dividend payments of 298,806,000 reduced retained earnings.
- Other factors increased equity by 616,832,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $379.86 Million | +6.49% |
| Dividends Paid | $298.81 Million | -5.1% |
| Other Changes | $616.83 Million | +10.53% |
| Total Change | $- | 13.53% |
Book Value vs Market Value Analysis
This analysis compares Millrose Properties, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.51x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $56.51 | $28.95 | x |
| 2023-12-31 | $33.03 | $28.95 | x |
| 2024-12-31 | $31.07 | $28.95 | x |
| 2025-12-31 | $35.27 | $28.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millrose Properties, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.26%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.58x
- Recent ROE (6.49%) is above the historical average (-1.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -1.89% | 0.00% | 0.00x | 1.05x | $-907.13 Million |
| 2023 | -4.70% | 0.00% | 0.00x | 1.06x | $-655.69 Million |
| 2024 | -4.77% | 0.00% | 0.00x | 1.06x | $-762.06 Million |
| 2025 | 6.49% | 63.26% | 0.06x | 1.58x | $-205.76 Million |
Industry Comparison
This section compares Millrose Properties, Inc.'s net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $2,150,705,100
- Average return on equity (ROE) among peers: 4.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millrose Properties, Inc. (MRP) | $5.85 Billion | -1.89% | 0.66x | $4.46 Billion |
| Apartment Investment and Management Co (AIV) | $792.18 Million | 9.56% | 1.75x | $323.68 Million |
| American Homes 4 Rent (AMH) | $6.72 Billion | 5.66% | 0.75x | $11.63 Billion |
| AvalonBay Communities Inc (AVB) | $9.06 Billion | 7.55% | 0.79x | $9.73 Billion |
| Bluerock Homes Trust Inc. (BHM) | $491.99 Million | -0.20% | 0.34x | $36.64 Million |
| BRT Realty Trust (BRT) | $177.20 Million | -6.74% | 3.01x | $262.57 Million |
| Clipper Realty Inc (CLPR) | $161.49 Million | -2.25% | 5.82x | $55.26 Million |
| Camden Property Trust (CPT) | $1.12 Billion | 5.45% | 1.18x | $10.04 Billion |
| Centerspace (CSR) | $696.46 Million | 6.99% | 1.00x | $954.41 Million |
| Elme Communities (ELME) | $796.14 Million | 2.98% | 1.67x | $143.95 Million |
| Equity Lifestyle Properties Inc (ELS) | $1.49 Billion | 17.66% | 2.57x | $11.81 Billion |
About Millrose Properties, Inc.
Millrose Properties, Inc. is the premier permanent capital solution for residential homebuilders and developers. The company specializes in the acquisition, financing and development of residential land through long-term, capital-efficient structures. The company also provides homebuilders with a predictable, just-in-time supply of finished homesites " the scarcest and mission-critical resource i… Read more