Millrose Properties MRP
NYSE MRP
$30.49 -0.29 (-0.94%)
As of: Sep 9, 2026 · 3:59 PM EDT

Millrose Properties (MRP) Operating Expenses (2024 - 2026)

Millrose Properties (MRP) posted Operating Expenses of $29.2 million for Q2 2026, up 1.3% on a QoQ basis from $28.8 million in Q1 2026, and up 31.97% year-over-year from $22.1 million in Q2 2025.

Analysis

Millrose Properties (MRP) Operating Expenses (2024 - 2026) Analysis & Trends

Millrose Properties has reported Operating Expenses for 3 years, with the latest figure at $29.2 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 31.97% year-over-year to $29.2 million in Q2 2026; TTM through Jun 2026 was $113.3 million, a 39.98% decrease from a year earlier, with the FY2025 full-year figure at $114.4 million, down 53.54% from the prior year.
  • Operating Expenses was $29.2 million for Q2 2026 at Millrose Properties, up from $28.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $65.8 million in Q4 2024, with the low at $22.1 million in Q2 2025.
  • Average Operating Expenses over 3 years is $41.9 million, with a median of $33.1 million recorded in 2025.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses sank 62.95% in 2025, then soared 31.97% in 2026.
  • Over 3 years, Operating Expenses stood at $65.8 million in 2024, then tumbled by 56.29% to $28.8 million in 2025, then advanced by 1.58% to $29.2 million in 2026.
  • The last three Operating Expenses figures came in at $29.2 million (Q2 2026), $28.8 million (Q1 2026), and $28.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Millrose Properties 4.94 Bn 4.94 Bn - 29.22 Mn
2 St Joe 3.77 Bn 3.66 Bn 73.42 Mn 104.06 Mn
3 Forestar 1.42 Bn 1.03 Bn 84.10 Mn 38.30 Mn
4 Five Point Holdings 764.89 Mn 1.90 Bn -23.72 Mn 21.49 Mn
5 Tejon Ranch 443.42 Mn 443.72 Mn - 13.91 Mn
6 Maui Land & Pineapple 319.02 Mn 319.02 Mn 2.37 Mn 5.49 Mn
7 Stratus Properties 152.47 Mn 291.18 Mn -1.91 Mn -11.61 Mn
8 Global Asset Management 105.68 Mn 105.62 Mn 3,274.00 399,824.00
9 Kaanapali Land 57.36 Mn 19.41 Mn -406,000.00 232,000.00
10 Alset 54.84 Mn 42.76 Mn 83,877.00 2.78 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 29.22 Mn
Mar 31, 2026 28.85 Mn
Dec 31, 2025 28.76 Mn
Sep 30, 2025 26.42 Mn
Jun 30, 2025 22.14 Mn
Mar 31, 2025 37.06 Mn
Dec 31, 2024 65.80 Mn
Sep 30, 2024 63.67 Mn
Jun 30, 2024 59.76 Mn
Mar 31, 2024 56.99 Mn