Millrose Properties: An Attractive 9+% Yield As Portfolio Ramps Up

2026-02-26 13:22:16 ET

Shares of Millrose Properties ( MRP ) have been a solid performer over the past year, gaining about 40%. Since being spun out from Lennar ( LEN ), we have seen MRP develop a standalone investor base thanks to its 9+% dividend yield and recurring revenue. While the housing market faces clear challenges, its land bank business model helps to reduce its exposure to shifts in home prices. I last covered shares in December , upgrading Millrose to a “ B uy,” and since then, the stock has rallied 4%. With updated financials, now is a good time to revisit MRP....

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