What changed
$MRP — BUY 📊
Millrose Properties, Inc. is the premier homesite option platform for residential homebuilders.
🎯 Q2 2026 | Rev $0B | EPS $0.74 vs $0.74 ➖
💡 Consensus is anchored to trailing EPS ($0.74) and ignores the magnitude of imminent AFFO growth from deployable debt capacity. The market’s current 39.7x TTM P/E fails to price the forward run rate, which would put the forward P/E at ~9x—well below peers' 12-33x range.
📉 Reward/risk: 8.2:1
🏢 Business Quality: 6/10 - Solid asset base and visible growth pipeline, but leverage and execution risk temper quality assessment.
📊 Valuation: cheap — based on forward AFFO multiple (9.2x) relative to peer REIT P/E band (12.0x–72.6x) and historical norms; price range $38-$234
🔮 Catalyst: Guidance for Q2 2026 exit AFFO run rate of $0.78-$0.80 per share
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/MRP0624