NYSE$MRP

Millrose Properties Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Millrose Properties Inc reported net income of $125.9 million for the second quarter of 2026.

Millrose Properties Inc delivered revenue of $196.9 million in Q2 2026, driven primarily by option fee revenues of $195.4 million. Net income rose to $125.9 million from $112.8 million in the prior-year quarter, supported by portfolio growth and lower tax expense. The company maintained a strong balance sheet with $9.7 billion in total assets and continued expansion of its homesite option platform.

  • Option fee revenues increased 38% year-over-year to $195.4 million.
  • Net income grew 12% to $125.9 million with EPS of $0.76.
  • Homesites under option contracts reached $9.6 billion across 877 communities in 30 states.
  • Invested Capital stood at $8.8 billion with a weighted average yield of 9.2%.

Headline financials

Total Revenue

$197M

Previous: $149M+32.1%
EPS (adj)

$0.76

Previous: $0.68+11.8%
Homesites in portfolio

143.8K

Previous: 129.0K+11.5%
Communities in portfolio

877

Previous: 1.0K-12.3%
States in portfolio

30

Previous: 29+3.4%
Net Income

$126M

Previous: $113M+11.6%
Operating Income

$168M

Previous: $127M+32.1%
Cash & Equivalents

$34.2M

No prior period
Total Assets

$9.71B

No prior period

Revenue & EPS history

Millrose Properties Inc · Revenue · Quarterly

$197M

Q2 2026+32.1%vs Q2 2025
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
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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