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
Download Data
Historic 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 |