Millrose Properties (MRP) Operating Expenses (2024 - 2026)
Millrose Properties (MRP) posted quarterly Operating Expenses of $28.8 million for Q1 2026, down 22.18% year-over-year from $37.1 million in Q1 2025, and little changed quarter-over-quarter from $28.8 million in Q4 2025.
Millrose Properties (MRP) Operating Expenses (2024 - 2026) Analysis & Trends
Millrose Properties' Operating Expenses history runs 3 years deep, the most recent figure standing at $28.8 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 22.18% year-over-year to $28.8 million; the TTM figure through Mar 2026 stood at $106.2 million (down 53.08% YoY), while the FY2025 annual figure 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.
- The 3-year median for Operating Expenses is $37.1 million (2025), against an average of $43.3 million.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses sank 62.95% in 2025, then retreated 22.18% in 2026.
- Millrose Properties' Operating Expenses stood at $65.8 million in 2024, then tumbled by 56.29% to $28.8 million in 2025, then gained by 0.28% to $28.8 million in 2026.
- Business Quant data shows MRP's Operating Expenses at $28.8 million in Q1 2026, $28.8 million in Q4 2025, and $26.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.95 Bn | 17.95 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.37 Bn | 15.25 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.95 Bn | 14.95 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.69 Bn | 12.69 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.40 Bn | 12.40 Bn | - | 397.77 Mn |
| 8 | Udr | 12.18 Bn | 12.18 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 11.06 Bn | 11.06 Bn | - | 140.94 Mn |
| 10 | Millrose Properties | 5.09 Bn | 5.09 Bn | - | 29.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |