Walker & Dunlop

Walker & Dunlop, Inc. is a holding company. engages in the provision of commercial real estate and finance services. It focuses on multifamily lending, debt brokerage, and property sales. It also involves the delivery and servicing of loan products for its customers. The company was founded by Oliver Walker and Laird Dunlop in 1937 and is headquartered in Bethesda, MD.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Walker & Dunlop faces challenges but positions for growth in 2023

Walker & Dunlop navigated challenges in 2022 with resilience, maintaining market share and focusing on profitability improvements.
Despite a decline in financial metrics, the company remains optimistic about growth opportunities in 2023, prioritizing technology investments and market positioning.
Solid credit performance, strong multifamily fundamentals, and a focus on market opportunities position Walker & Dunlop for future success.
Client caution regarding potential interest rate changes adds a layer of uncertainty despite positive market momentum and optimism.

Walker & Dunlop adapts to market challenges, eyes growth opportunities

Walker & Dunlop navigated challenges in Q1 2023 with strategic acquisitions, operational resilience, and a focus on multifamily assets despite market headwinds.
The company's proactive measures, strong industry presence, and focus on cost containment position them well to seize opportunities in a changing real estate landscape.
Despite market challenges and decreased transaction volumes, WD remains optimistic about growth opportunities in GSE lending, SBL market expansion, and alternative capital sources.

Walker & Dunlop navigated Q2 challenges with a strategic approach, emphasizing market adaptation and operational efficiency. Despite declines in key financial metrics, the company's SAM segment showed resilience. Opportunities lie in expanding market share with agencies and leveraging technology for growth.

Walker & Dunlop resilient in Q3 amidst market challenges

Walker & Dunlop navigated challenges in Q3 with revenue decline offset by EBITDA growth and strong property sales performance.
The company's conservative underwriting and technology-driven businesses position it well for growth despite market uncertainties.
While facing commercial real estate market challenges, W&D's focus on financial stability and growth avenues signals resilience and strategic foresight.
Opportunities in asset management, loan strategies, and market expansion present avenues for sustained growth and market leadership for Walker & Dunlop.

Walker & Dunlop navigates challenges, eyes growth in diverse sectors

Despite challenges in the commercial real estate industry, Walker & Dunlop demonstrated resilience with stable revenues and strategic market share growth. The company's focus on disciplined risk-taking and diverse revenue streams positions it well for future growth. Opportunities in non-agency housing and office conversions offer avenues for expansion and profitability.

Walker & Dunlop reports resilient Q1 performance amidst market challenges

Walker & Dunlop showcased resilience with strong financial metrics despite market challenges.
The company's servicing portfolio and SAM segment remained robust, hinting at stability and growth.
Opportunities lie in technology investments, refinancing bridge loans, and capitalizing on market dynamics.

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Walker & Dunlop, Inc. is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers. The Servicing and Asset Management segment includes servicing and asset-managing and managing third-party capital investments. The Corporate segment consists primarily of the company’s treasury operations and other corporate-level activities. The company was founded by Oliver Walker and Laird Dunlop in 1937 and is headquartered in Bethesda, MD.

Walker & Dunlop, Inc. (NYSE:WD ) Q4 2022 Earnings Conference Call February 21, 2023 8:30 AM ET Company Participants Kelsey Duffey - Senior Vice President of Investor Relations Willy Walker - Chairman and Chief Executive Officer Greg Florkowski - Executive Vice President and Chief Financial Officer Conference Call Participants Jade Rahmani - KBW Jay McCanless - Wedbush Securities Kelsey Duffey Good morning, I'm Kelsey Duffey, Senior Vice President of Investor Relations at Walker & Dunlop, and I would like to welcome you to Walker & Dunlop's Fourth Quarter and Full-Year 2022 Earnings Conference Call and Webcast. Hosting the call today is Willy Walker, Walker & Dunlop Chairman and CEO.

Walker & Dunlop, Inc. (WD) Q4 2022 Earnings Call Transcript

Walker & Dunlop (WD) delivered earnings and revenue surprises of -9.03% and 11.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Walker & Dunlop (WD) Q4 Earnings and Revenues Miss Estimates

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. (NYSE: WD) (the “Company”, “Walker & Dunlop” or “W&D”) reported total revenues of $282.9 million for the fourth quarter of 2022, a decrease of 31% year over year. Fourth quarter total transaction volume was $11.2 billion, down 59% year over year. Net income for the fourth quarter of 2022 was $41.5 million, or $1.24 per diluted share, down 48% and 49%, respectively, from the fourth quarter of 2021.

Walker & Dunlop Grows Market Share in Challenging Q4

BETHESDA, Md.--(BUSINESS WIRE)--Alliant Capital, a Walker & Dunlop, Inc. company, announced today its $40 million investment for Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA.

Walker & Dunlop Announces Financing for New Affordable Housing in Sonoma County

BETHESDA, Md.--( BUSINESS WIRE )--Walker & Dunlop, Inc.(NYSE: WD) was recognized as the largest Fannie Mae DUS® lender by volume in 2022, making it Fannie Mae's #1 partner for the fourth consecutive year.

Walker & Dunlop #1 Multifamily GSE Lender in 2022

BETHESDA, Md.--( BUSINESS WIRE )--Walker & Dunlop, Inc. announced today that it will release its fourth quarter and full-year 2022 results before the market opens on February 21, 2023.

Walker & Dunlop Announces Fourth Quarter and Full-Year 2022 Earnings Webcast Details

BETHESDA, Md.--( BUSINESS WIRE )--Walker & Dunlop Investment Partners, Inc. (“WDIP”) today announced that it has made the final investment from its sixth fund, Walker & Dunlop Investment Partner Fund VI (“Fund VI”).

Walker & Dunlop Investment Partners Announces Final Investment from Nearly $80 Million Fund VI

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BETHESDA, Md.--( BUSINESS WIRE )--Walker & Dunlop, Inc. announced today that it structured $120 million in financing for the rehabilitation of Audubon Houses, Bethune Gardens, and Thurgood Marshall Plaza ("ABM"), a 557-unit, three-building portfolio. The properties built between 1962 and 1985 in Harlem, NY are in need of significant upgrades. The financing was a joint effort between Dantes Partners, The New York City Housing Authority ("NYCHA"), the New York Housing Development Corporation (HDC), Walker & Dunlop, Freddie Mac and JP Morgan Chase.

Walker & Dunlop Structures $120 Million in Financing to Uplift Affordable Housing in Harlem Community

Walker & Dunlop, Inc. remains viable despite market headwinds causing revenue slippages. Near-term growth may remain hammered, but I am optimistic about its long-run rebound.

Walker & Dunlop: Walking In The Rain, But The Sun May Shine Again

BETHESDA, Md.--( BUSINESS WIRE )--Walker & Dunlop, Inc. (NYSE: WD; the “Company”) today announced that it closed a $200 million incremental loan under its senior secured term loan facility. The incremental term loan bears interest at a rate equal to adjusted Term SOFR plus 3.00% per annum and matures in December 2028. JP Morgan served as Administrative Agent and Lead Arranger.

Walker & Dunlop Closes $200 Million Term Loan Increase

BETHESDA, Md.--( BUSINESS WIRE )--There is $2.5 trillion of impending commercial real estate debt maturities in 2023-2027 amidst the backdrop of a rising interest rate environment, high inflation, asset revaluations, and a muted liquidity environment. Walker & Dunlop Inc. is leveraging its $121 billion servicing portfolio and national investment sales platform, which has closed nearly $40 billion of transactions in the last two years, to provide lenders with comprehensive portfolio evaluation services, asset financing advisory, loan sales services, and investment sales advisory.

Walker & Dunlop Leverages Advisory Experience to Help Capital Providers Manage Loan Portfolios

BETHESDA, Md.--( BUSINESS WIRE )--Walker & Dunlop Inc.'s New York Capital Markets team ended the year strong, securing financing up and down the capital stack and closing four deals totaling nearly $300 million.

Walker & Dunlop's NY Capital Markets Team Closed Nearly $300 Million in December

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BETHESDA, Md. , Dec. 12, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") today announced plans to borrow an incremental $200 million under its senior secured term loan agreement, increasing the total outstanding principal balance to $795 million.

Walker & Dunlop to Amend and Upsize Senior Secured Term Loan

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This top multifamily lender is working to solve the affordable housing crisis.

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BETHESDA, Md. , Nov. 18, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it structured nearly $385 million in financing for 470 Kent Avenue, a mixed-use development located directly along the East River waterfront in Brooklyn's Williamsburg neighborhood.

Walker & Dunlop Structures $385 Million Financing for Williamsburg Waterfront Housing with Unparalleled Views

BETHESDA, Md. , Nov. 16, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it has secured $204 million in loan proceeds from MF1 Capital to refinance The Axel, a 29-story mixed-use multifamily and commercial asset with 284 multifamily units located at 550 Clinton Avenue and 539 Vanderbilt Avenue in Brooklyn, New York.

Walker & Dunlop Arranges $204 Million for Mixed-Use Property in Brooklyn

Walker & Dunlop, Inc. (NYSE:WD ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Kelsey Duffey - Senior Vice President of Investor Relations Willy Walker - Chairman & Chief Executive Officer Greg Florkowski - Executive Vice President & Chief Financial Officer Conference Call Participants Jade Rahmani - KBW Steve Delaney - JMP Henry Coffey - Wedbush Securities Kelsey Duffey Good morning. I'm Kelsey Duffey, Senior Vice President of Investor Relations at Walker & Dunlop and I would like to welcome you to Walker & Dunlop's Third Quarter 2022 Earnings Conference Call and Webcast.

Walker & Dunlop, Inc. (WD) Q3 2022 Earnings Call Transcript

Walker & Dunlop (WD) delivered earnings and revenue surprises of -30% and 8.48%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Walker & Dunlop (WD) Misses Q3 Earnings and Revenue Estimates

THIRD QUARTER 2022 HIGHLIGHTS Total transaction volume of $16.9 billion, down 8% from Q3'21 Total revenues of $315.6 million, down 9% from Q3'21 Net income of $46.8 million and diluted earnings per share of $1.40, down 35% and 37%, respectively, from Q3'21 Adjusted EBITDA1 of $75.0 million, up 4% from Q3'21 Servicing portfolio of $120.8 billion at September 30, 2022 up 6% from September 30, 2021 Declared quarterly dividend of $0.60 per share for the fourth quarter YEAR-TO-DATE 2022 HIGHLIGHTS Total transaction volume of $52.1 billion, up 27% from 2021 Total revenues of $975.9 million, up 15% from 2021 Net income of $172.3 million and diluted earnings per share of $5.13, down 7% and 10%, respectively, from 2021 Adjusted EBITDA1 of $232.5 million, up 16% from 2021 BETHESDA, Md. , Nov. 9, 2022 /PRNewswire/ --  Walker & Dunlop, Inc. (NYSE: WD) (the "Company" or "W&D") reported total revenues of $315.6 million for the third quarter of 2022, a decrease of 9% year over year.

Countercyclical Capital and Recurring Revenues Drive Walker & Dunlop Q3 Performance

DENVER and MANHATTAN BEACH, Calif. , Nov. 2, 2022 /PRNewswire/ -- Walker & Dunlop today announced a joint venture between Walker & Dunlop Investment Partners ("WDIP"), Pacific Life and Magma Equities in the $189 million acquisition of an 820-unit apartment portfolio in Texas.

WDIP, Pacific Life and Magma Equities Acquire $189 Million Texas Multifamily Portfolio

BETHESDA, Md. , Oct. 31, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it structured the sale and financing of Trails at Timberline, located in Fort Collins, Colorado.

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