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

Millrose Properties (MRP) recorded quarterly Operating Income of $166.1 million in Q1 2026, up 153.92% quarter-over-quarter from -$308.0 million in Q4 2025, and up 263.95% on a YoY basis from $45.6 million in Q1 2025.

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

Millrose Properties' Operating Income history runs 3 years deep, the most recent figure standing at $166.1 million for Q1 2026.

  • In Q1 2026, Operating Income rose 263.95% year-over-year to $166.1 million; the TTM figure through Mar 2026 stood at $137.8 million (up 195.93% YoY), while the FY2025 annual figure was $17.3 million, up 107.03% from the prior year.
  • Operating Income was $166.1 million for Q1 2026 at Millrose Properties, up from -$308.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $166.1 million in Q1 2026 to a low of -$308.0 million in Q4 2025.
  • Historically, Operating Income has averaged -$7.0 million across 3 years, with a median of -$57.0 million in 2024.
  • Biggest YoY gain for Operating Income was 340.04% in 2025; the steepest drop was 368.1% in 2025.
  • A 3-year view of Operating Income shows it stood at -$65.8 million in 2024, then slumped by 368.1% to -$308.0 million in 2025, then surged by 153.92% to $166.1 million in 2026.
  • The last three Operating Income figures came in at $166.1 million (Q1 2026), -$308.0 million (Q4 2025), and $152.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - -
2 Equity Residential 24.35 Bn 24.48 Bn - -
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 40.27 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 331.31 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 6.80 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - -
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 229.81 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 112.37 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - -
10 Millrose Properties 4.75 Bn 4.75 Bn - 166.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 166.08 Mn
Dec 31, 2025 -308.02 Mn
Sep 30, 2025 152.84 Mn
Jun 30, 2025 126.86 Mn
Mar 31, 2025 45.63 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