Seeking Alpha
25 Jun 2026, 02:13 UTC · 17w ago
Millrose: A Near 11% Yield Trading At A Bargain Price
Impact · against what's priced in
Millrose Properties (MRP) appears significantly undervalued given projected 20% AFFO growth and a 10.7% sustainable yield. The move to diversify capital deployment beyond Lennar provides a catalyst for the stock to trade toward or above its book value.
- MRP+0.80
No priced-in read yet
- In context
Projected AFFO growth of 20% in 2026 and a 10.7% dividend yield, combined with a current discount to book value, suggest significant upside.
Read from the article alone
