Welcome to our dedicated page for Walker & Dunlop news (Ticker: $WD), a resource for investors and traders seeking the latest updates and insights on Walker & Dunlop stock.
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Walker & Dunlop, Inc. completed a $155 million refinancing deal for The Lexington Hotel in Manhattan, a historic landmark transformed into a Marriott Autograph Collection hotel. The New York Capital Markets team secured the financing through lender Hudson Bay Capital, highlighting the enduring appeal of New York City as a tourist and business destination. The hotel offers 725 keys, specialty suites, on-site amenities, and benefits from its prime location in Midtown East.
Walker & Dunlop, Inc. (NYSE: WD) reported total revenues of $228.1 million for Q1 2024, down 4% YoY. Net income was $11.9 million, diluted EPS $0.35, both down 55% YoY. Adjusted EBITDA increased 9% to $74.1 million. Adjusted core EPS was $1.19, up 2% YoY. Declared dividend of $0.65 per share for Q2 2024. Transaction volume down 5% YoY to $6.4 billion. Servicing portfolio grew by 6% to $132.0 billion.
Apprise Levels Up in Midwest with New Team Additions
Apprise, a leading provider of commercial and multifamily real estate valuation and consulting services, has announced its strategic expansion in the Midwest region by adding a dynamic team of five seasoned industry experts. The new team, led by Alex Hoenig, MAI, as the Regional Managing Director for the Midwest, brings a wealth of experience and expertise to further strengthen Apprise's presence in the region. With an established platform and extensive commercial and Agency multifamily expertise, this addition promises significant growth and enhanced client services for the company. Apprise focuses exclusively on the U.S. market and has a collective track record of valuing $350 billion worth of commercial real estate properties to date, comprising more than 750 thousand units per year. Furthermore, the company has been awarded the 2023 PropTech Breakthrough Appraisal Solution of the Year award.
