Millrose Properties, Inc. (NYSE: MRP) reported Q4 EPS of $0.74. Revenue for the quarter came in at $189.5 million versus the consensus estimate of $173.07 million.

2026 Outlook

The Company expects to deploy approximately $1 billion of additional invested capital by mid-2026 using existing debt capacity, targeting a 2Q exit quarterly AFFO run rate of $0.78–$0.80 per share. Based on current pipeline depth, total net new capital deployment of up to $2 billion is expected for full year 2026 – implying approximately 10% year-over-year AFFO per share growth. The Company remains committed to a maximum debt-to-capital target of 33% and will not issue equity below book value.

For earnings history and earnings-related data on Millrose Properties, Inc. (MRP) click here.