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

Millrose Properties has reported Operating Expenses for 3 years, with the latest figure at $28.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 22.18% year-over-year to $28.8 million; the trailing twelve-month figure through Mar 2026 stood at $106.2 million (down 53.08% YoY), and the FY2025 full-year result was $114.4 million, down 53.54% from the prior year.
• Operating Expenses for Q1 2026 stood at $28.8 million, roughly flat 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 $43.3 million, with a median of $37.1 million recorded in 2025.
• Year-over-year, Operating Expenses slumped 62.95% in 2025 and dropped 22.18% in 2026.
• Tracing MRP's Operating Expenses over 3 years: stood at $65.8 million in 2024, then tumbled by 56.29% to $28.8 million in 2025, then climbed by 0.28% to $28.8 million in 2026.
• The last three Operating Expenses figures came in at $28.8 million (Q1 2026), $28.8 million (Q4 2025), and $26.4 million (Q3 2025), per Business Quant data.

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