NYSE$MRP
Millrose Properties Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Millrose Properties reported Q1 2026 total revenues of $194.9M and net income attributable to common stockholders of $122.9M, or $0.74 diluted EPS.
For the quarter ended March 31, 2026, Millrose generated $194.9 million in total revenues, up from $82.7 million in the partial post-spin quarter a year ago, driven by option fees and development loan income. Net income attributable to common stockholders was $122.9 million, or $0.74 per diluted share, as the land banking model scaled with geographic expansion.
- Total revenues $194.9M (+136% YoY on full-quarter post-spin base).
- Net income to common $122.9M; diluted EPS $0.74.
- Income from operations $166.1M on option fee growth.
- Dividend of $0.76 per share declared in the period.
Headline financials
Revenue & EPS history
Millrose Properties Inc · Revenue · Quarterly
$195M
Forward guidance
Growth tied to homebuilder lot option activity, counterparty diversification, and interest-rate path affecting development financing.
Tailwinds
- Strong earnings and cash generation from option fees.
- Full quarter of standalone operations versus prior-year stub.
Headwinds
- Interest expense rose with higher debt balances.
- Housing cycle sensitivity on lot demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports · overlaid with Q1 2026
-0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.6%
Avg return
30 days after
40%
2 / 5 earnings
Positive
+4.4%
Q1 2025
Best reaction
-6.3%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.3% | -9.3% | -3.9% | |
| Q4 2025 | +0.4% | +1.9% | -9.0% | |
| Q3 2025 | -0.7% | -1.0% | -7.7% | |
| Q2 2025 | -1.9% | +2.4% | +15.6% | |
| Q1 2025 | +4.4% | +7.7% | +2.1% |
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