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MRP vs STAG

Millrose Properties, Inc. and STAG INDUSTRIAL, INC.

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Millrose Properties, Inc.

Millrose purchases and develops residential land and sells finished homesites to homebuilders by way of option contracts with predetermined costs and takedown schedules. Millrose serves as a solution for homebuilders seeking to expand access to finished homesites while implementing an asset-light strategy. As fully developed homesites are sold by Millrose, capital is recycled into future land acquisitions for homebuilders, providing customers with durable access to community growth.

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STAG INDUSTRIAL, INC.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, development, ownership, and operation of industrial properties throughout the United States. As of March 31, 2025, the Company's portfolio consists of 597 buildings in 41 states with approximately 117.6 million rentable square feet.

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