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

Millrose Properties' (MRP) quarterly Operating Income came in at $166.1 million in Q1 2026, up 263.95% year-on-year from $45.6 million in Q1 2025, and up 3.33% quarter-over-quarter from $160.7 million in Q4 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.

  • On a quarterly basis, Operating Income rose 263.95% year-over-year to $166.1 million in Q1 2026; TTM through Mar 2026 was $606.5 million, a 522.37% increase from a year earlier, with the FY2025 full-year figure at $486.1 million, up 297.41% from the prior year.
  • Operating Income advanced to $166.1 million in Q1 2026 per MRP's latest filing, from $160.7 million in the prior quarter.
  • Across five years, Operating Income topped out at $166.1 million in Q1 2026 and bottomed at -$65.8 million in Q4 2024.
  • The 3-year median for Operating Income is $45.6 million (2025), against an average of $45.1 million.
  • Biggest YoY gain for Operating Income was 344.27% in 2025; the steepest drop was 180.08% in 2025.
  • Year by year, Operating Income stood at -$65.8 million in 2024, then jumped by 344.27% to $160.7 million in 2025, then climbed by 3.33% to $166.1 million in 2026.
  • Per Business Quant, the three latest MRP Operating Income figures stand at $166.1 million (Q1 2026), $160.7 million (Q4 2025), and $152.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Avalonbay Communities 26.48 Bn 26.48 Bn - -
2 Equity Residential 25.80 Bn 25.80 Bn - -
3 Invitation Homes 18.05 Bn 18.05 Bn 694.98 Mn 40.27 Mn
4 Mid America Apartment Communities 15.67 Bn 15.54 Bn 537.05 Mn 331.31 Mn
5 Sun Communities 14.96 Bn 14.96 Bn 491.20 Mn 6.80 Mn
6 Udr 13.01 Bn 12.98 Bn 416.43 Mn 229.81 Mn
7 Equity Lifestyle Properties 12.85 Bn 12.85 Bn 378.95 Mn 112.37 Mn
8 American Homes 4 Rent 12.22 Bn 12.22 Bn - -
9 Camden Property Trust 11.94 Bn 11.94 Bn - -
10 Millrose Properties 4.76 Bn 4.76 Bn - 166.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 166.08 Mn
Dec 31, 2025 160.74 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