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Millrose Properties Inc. (MRP) logo

Millrose Properties Inc.

S&P 500

MRP/Real Estate · REIT - Residential/NYSE

Dividend Yield

10.29%

$2.93 · Annual Dividend

Stock Price$29.89P/E10.2MCap4.7BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

72/ 100Safe

MRP's dividend appears safe and well-supported. Strengths include a 7.1% fcf payout ratio & 8.1% cfo payout ratio. Areas of concern: 7.9% return on equity & 1+ yrs dividend streak. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 12 of 15 metrics

Strengths

  • FCF Payout Ratio: 7.1%Free cash flow comfortably covers the dividend.
  • CFO Payout Ratio: 8.1%Operating cash flow strongly supports the payout.
  • Current Ratio: 66.5xStrong short-term liquidity to meet obligations.

Risks

  • Dividend Streak: 1+ yrsShort dividend history limits track-record signal.
  • Return on Equity: 7.9%Return on equity is below industry norms.
  • Earnings Stability: VolatileEarnings have been volatile, pressuring the dividend.

Payout & Coverage

Safe
7.1%Very Safe
8.1%Very Safe

Balance Sheet

Very Safe

Profitability

Safe
7.9%Warning
85.2%Very Safe
85.6%Very Safe

Dividend Track Record

Caution
1+ yrsDanger
NoneVery Safe
VolatileWarning

About Millrose Properties Inc.

Millrose Properties Inc. is a real estate investment trust (REIT) specializing in the development, acquisition, and management of commercial real estate properties across key urban and suburban markets. Focused primarily on retail and mixed-use developments, the company's portfolio includes shopping centers, office complexes, and multi-family residential projects that are strategically located to capitalize on high-traffic areas and demographic trends. Through proactive property management and a strategic focus on sustainability, Millrose Properties Inc. aims to enhance value for tenants and stakeholders. The firm's expertise in property development and asset management positions it as a significant player in the real estate sector by addressing the evolving needs of consumers and businesses alike. Furthermore, as part of the REIT framework, Millrose offers dividends derived from rental income, making it a noteworthy entity within real estate capital markets.

Dividend Overview

Dividend Yield

10.29%

Annual Dividend

$2.93

Frequency

Quarterly

Payout Ratio

105.02%

FCF Payout Ratio

7.10%

52-Week Range

$26.30 - $36.00

Dividend History (2016–2025)

MRP annual dividend per share and yield history

Earnings & Profitability

MRP earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

April 2, 2026

Last Payment Date

April 15, 2026

Dividend Growth

3-Year Dividend CAGR

N/A

5-Year Dividend CAGR

N/A

10-Year Dividend CAGR

N/A

3-Year Total Growth

N/A

5-Year Total Growth

N/A

10-Year Total Growth

N/A

Income Calculator

MRP Dividend Calculator

Total Investment

$2,989.00

Annual Income

$293.00

Quarterly Income

$73.25

Monthly Income

$24.42

Frequently Asked Questions

What is MRP's current dividend yield?
Millrose Properties Inc. (MRP) currently has a dividend yield of 10.29%, based on a stock price of $29.89 and an annual dividend of $2.93.
When is MRP's next dividend payment date?
MRP's next ex-dividend date is 2026-04-02 and the next payment date is 2026-04-15. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does MRP pay in dividends per year?
Millrose Properties Inc. paid $1.80 per share in annual dividends in 2025. The dividends are paid quarterly.
Has MRP been increasing its dividend?
Millrose Properties Inc. has grown its dividend at a 5-year CAGR of —.
Is MRP's dividend safe?
Millrose Properties Inc. has a payout ratio of 105.02%. Its free cash flow payout ratio is 7.10%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is MRP's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Millrose Properties Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.