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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $119.6M, roughly 1.6× Urban Edge Properties). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 10.4%, a 54.1% gap on every dollar of revenue.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
MRP vs UE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $189.5M | $119.6M |
| Net Profit | $122.2M | $12.4M |
| Gross Margin | — | — |
| Operating Margin | 84.8% | 11.3% |
| Net Margin | 64.5% | 10.4% |
| Revenue YoY | — | 2.7% |
| Net Profit YoY | 285.8% | -58.8% |
| EPS (diluted) | $0.74 | $0.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $189.5M | $119.6M | ||
| Q3 25 | $179.3M | $120.1M | ||
| Q2 25 | $149.0M | $114.1M | ||
| Q1 25 | $82.7M | $118.2M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $112.4M | ||
| Q2 24 | — | $106.5M | ||
| Q1 24 | — | $109.6M |
| Q4 25 | $122.2M | $12.4M | ||
| Q3 25 | $105.1M | $14.9M | ||
| Q2 25 | $112.8M | $58.0M | ||
| Q1 25 | $39.8M | $8.2M | ||
| Q4 24 | — | $30.1M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | — | $30.8M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | 84.8% | 11.3% | ||
| Q3 25 | 85.3% | 13.4% | ||
| Q2 25 | 85.1% | 53.9% | ||
| Q1 25 | 55.2% | 7.6% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 64.5% | 10.4% | ||
| Q3 25 | 58.6% | 12.4% | ||
| Q2 25 | 75.7% | 50.8% | ||
| Q1 25 | 48.1% | 6.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 28.9% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | $0.74 | $0.09 | ||
| Q3 25 | $0.63 | $0.12 | ||
| Q2 25 | $0.68 | $0.46 | ||
| Q1 25 | $0.39 | $0.07 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | — | $0.07 | ||
| Q2 24 | — | $0.26 | ||
| Q1 24 | — | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $35.0M | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9B | $1.4B |
| Total Assets | $9.3B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.0M | $48.9M | ||
| Q3 25 | $242.6M | $77.8M | ||
| Q2 25 | $66.6M | $53.0M | ||
| Q1 25 | $89.5M | $48.0M | ||
| Q4 24 | — | $41.4M | ||
| Q3 24 | — | $67.9M | ||
| Q2 24 | — | $78.6M | ||
| Q1 24 | — | $67.3M |
| Q4 25 | $5.9B | $1.4B | ||
| Q3 25 | $5.9B | $1.4B | ||
| Q2 25 | $5.9B | $1.4B | ||
| Q1 25 | $5.9B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $9.3B | $3.3B | ||
| Q3 25 | $9.0B | $3.3B | ||
| Q2 25 | $8.0B | $3.3B | ||
| Q1 25 | $7.2B | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.4B | $51.0M |
| Free Cash FlowOCF − Capex | — | $24.2M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 22.4% |
| Cash ConversionOCF / Net Profit | 27.97× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $81.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.4B | $51.0M | ||
| Q3 25 | $123.1M | $55.7M | ||
| Q2 25 | $109.1M | $43.5M | ||
| Q1 25 | $21.3M | $32.6M | ||
| Q4 24 | — | $52.4M | ||
| Q3 24 | — | $36.6M | ||
| Q2 24 | — | $41.2M | ||
| Q1 24 | — | $22.9M |
| Q4 25 | — | $24.2M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M | ||
| Q1 24 | — | $2.7M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 18.4% |
| Q4 25 | 27.97× | 4.10× | ||
| Q3 25 | 1.17× | 3.73× | ||
| Q2 25 | 0.97× | 0.75× | ||
| Q1 25 | 0.53× | 3.97× | ||
| Q4 24 | — | 1.74× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 8.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
