Millrose Properties, Inc. (MRP) vs NexPoint Residential Trust, Inc. (NXRT)

Millrose Properties, Inc. and NexPoint Residential Trust, Inc. are both Reit Residential companies. Millrose Properties, Inc. is the larger, with a market value of $4.2B against $517.7M — 8.1× the size. NexPoint Residential Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; Millrose Properties, Inc. trades at 9.5×. Millrose Properties, Inc. has the higher net margin (62.6% vs −13.2%) and the higher return on invested capital (4.35% vs 0.99%). Across the 16 metrics below, Millrose Properties, Inc. leads on 11 and NexPoint Residential Trust, Inc. on 5.

Valuation

Metric MRP NXRT Reit Residential median
P/E 9.48 n/m 28.48
P/S 5.94 2.00 5.52
P/B 0.77 2.05 1.89
Price to free cash flow n/m n/m 18.04
EV/EBITDA 11.87 15.69 15.74
EV/Sales 10.47 8.08 8.08
Earnings yield 10.55% (6.69%) 2.37%
Free cash flow yield (27.43%) (6.06%) 4.03%

Profitability

Metric MRP NXRT Reit Residential median
Gross margin 85.31% 62.76% 58.73%
Operating margin 85.11% 11.14% 20.57%
Net margin 62.60% (13.22%) 20.81%
Free cash flow margin (162.90%) (12.14%) 20.24%
Return on equity 8.12% (11.23%) 6.86%
Return on assets 5.39% (1.79%) 3.17%
Return on invested capital 4.35% 0.99% 2.03%

Growth

Metric MRP NXRT Reit Residential median
Revenue growth (TTM) — (0.46%) 2.66%
EPS growth (last fiscal year) — (3,250.00%) —
Revenue growth, 5-year CAGR — 4.18% 7.53%
Net income growth, 5-year CAGR — 0.00% 3.76%

Health

Metric MRP NXRT Reit Residential median
Debt to equity 0.59 6.41 0.78
Current ratio 0.08 1.92 0.54
Net debt to EBITDA 5.93 11.64 4.27

Dividend

Metric MRP NXRT Reit Residential median
Dividend yield — 5.60% 4.63%
Payout ratio — 1.52 1.35

Size

Metric MRP NXRT Reit Residential median
Market cap 4.17b 517.67m 4.17b

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