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 | 26.63 Bn | 26.85 Bn | - | - |
| 2 | Equity Residential | 25.81 Bn | 26.00 Bn | - | - |
| 3 | Invitation Homes | 17.83 Bn | 17.87 Bn | 694.98 Mn | 40.27 Mn |
| 4 | Mid America Apartment Communities | 15.53 Bn | 15.53 Bn | 537.05 Mn | 331.31 Mn |
| 5 | Sun Communities | 14.72 Bn | 14.83 Bn | 491.20 Mn | 6.80 Mn |
| 6 | Udr | 12.95 Bn | 12.92 Bn | 416.43 Mn | 229.81 Mn |
| 7 | Equity Lifestyle Properties | 12.81 Bn | 12.87 Bn | 378.95 Mn | 112.37 Mn |
| 8 | American Homes 4 Rent | 12.07 Bn | 12.74 Bn | - | - |
| 9 | Camden Property Trust | 11.83 Bn | 11.90 Bn | - | - |
| 10 | Millrose Properties | 4.70 Bn | 4.70 Bn | - | 166.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |