What changed
$MRP — BUY 📊
Millrose Properties, Inc. is the premier homesite option platform for residential homebuilders.
🎯 Q1 FY26 | Rev $0B | EPS $0.74 vs $0.74 ➖
💡 Consensus expects slow, linear AFFO growth due to interest rate headwinds and property market uncertainty, but MRP's existing debt capacity and identified pipeline will accelerate AFFO from $0.74 to ~$0.79 within 12 months. This near 7% sequential step-up is not priced in, as the stock trades at a historically low 9x P/AFFO multiple.
📉 Reward/Risk: 2.64:1
🏢 Business Quality: 7/10 - Diversified, investment-grade tenant base with strong lease structures, but moderate leverage and sensitivity to capital markets.
📊 Valuation: cheap — Current P/AFFO of 9.0x on forward run-rate $3.16 is in the bottom decile of REIT history and deeply discounted to sector median 16x.
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/MRP0619