Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Millrose PropertiesMRP +0.67%13 Gross Margin % is 85.56% as of Mar. 2026, which is 0% above its 10-year median of 85.39. GuruFocus rates MRP with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 672 REITs companies, Millrose Properties ranks better than 77.23% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Millrose Properties had a gross margin of 85.56% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Millrose Properties Gross Margin % Related Terms
Millrose Properties Gross Margin % Historical Data
* Premium members only.
The historical data trend for Millrose Properties's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Residential subindustry, Millrose Properties's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Millrose Properties Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Millrose Properties's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Millrose Properties's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Millrose Properties (MRP) has a Gross Margin % of 85.56% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Millrose Properties and its competitors. This is near median its historical median of 85.39. Over the past decade, Millrose Properties' Gross Margin % has ranged from 85.39 to 85.44. According to the industry distribution chart, Millrose Properties ranks #153 out of 672 companies in the REITs industry, placing it in the top 22.8%.
Is Millrose Properties' Gross Margin % too high?
Millrose Properties' current Gross Margin % of 85.56% is near median its 10-year median of 85.39. Over the past 10 years, this metric has ranged from a low of 85.39 to a high of 85.44. The REITs industry median Gross Margin % is 69.71. Millrose Properties' value of 85.56% is 22.7% above this industry median. Based on the distribution chart, Millrose Properties ranks #153 out of 672 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Millrose Properties has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Millrose Properties' Gross Margin % compare to IRT and JAN?
According to the REITs industry distribution chart, Millrose Properties ranks #153 out of 672 companies for Gross Margin %. This places Millrose Properties in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.71. Millrose Properties' value of 85.56% is 22.7% above this benchmark. Historically, Millrose Properties' own Gross Margin % has ranged from 85.39 to 85.44 over the past decade. While the company's 10-year median is 85.39 vs. the industry median of 69.71, Millrose Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 672 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millrose Properties's current Gross Margin % of 85.56% is 22.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Millrose Properties and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millrose Properties's current Gross Margin % is 85.56%, which is near median its own 10-year median of 85.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millrose Properties stock overvalued right now?
Millrose Properties (MRP) has a current Gross Margin % of 85.56%. The current Gross Margin % is 85.56%, which is near median its 10-year median of 85.39 and 22.7% above the REITs industry median of 69.71. Millrose Properties' overall GF Score™ is 13/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Millrose Properties (MRP), the current Gross Margin % is 85.56% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Millrose Properties Inc is a Holding Company. The company, along with its subsidiaries, engages in providing operational and capital solutions for home builders and land development companies to finance the acquisition and development of land assets through its Homesite Option Purchase Platform. The company generates a key portion of its revenue from Option fee revenues and a smaller portion of revenue from Development loan income.
13GF Score
Get the complete analysis for MRP
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MRP has been successfully added to your 
