Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop (NYSE:WD) released its 2025 annual affordable housing survey conducted at AHF Live showing strong optimism for 2026.

The survey of 115 industry executives found 90% expect investment appetite to rise (vs 70% last year), and 65% reported investment increases in the past year (vs 52% last year). Views on HUD were modestly positive: 59% called HUD effective or very effective. 70% said economic policies like tariffs hurt development. On tax changes under OBBBA, respondents forecasted impacts: 29% expect 0–5% growth, 33% 6–10%, and 25% 11%+ over five years.

Sample size: 115 respondents.

Walker & Dunlop arranged a >$250 million structured financing package to develop 22 Fulton, a 396-unit mixed-income, 21-story multifamily project in Newark, NJ, within a Qualified Opportunity Zone.

Key finance components: nearly $119M from the Urban Investment Group at Goldman Sachs Alternatives (construction loan, 4% LIHTC equity and LIHTC bridge), $20M preferred equity, and a $100M forward commitment for a permanent loan. The project uses $90M NJ ASPIRE tax credits (purchased by MassMutual with interim financing from Bear Creek Capital) and a 30-year Newark PILOT. Construction starts in coming months with projected completion by end of 2028.

Walker & Dunlop (NYSE:WD) arranged a $285,000,000 bridge loan to an affiliate of Madison Realty Capital to refinance Greenpoint Central, a newly built, 473-unit Class-A multifamily property in Greenpoint, Brooklyn, announced December 8, 2025.

The property is 70% market-rate and 30% affordable under the Affordable New York 421(a) Option C and Inclusionary Housing programs, and includes 19,589 square feet of retail. The loan was placed with TPG Real Estate Credit and was arranged by Walker & Dunlop Capital Markets Institutional Advisory.

Walker & Dunlop (NYSE:WD) arranged $153.3 million in loan proceeds to refinance three garden-style multifamily properties developed by Hathaway Development: Exchange at Juban (Denham Springs, LA), Exchange at Blair Stone (Tallahassee, FL), and Exchange at Indian Trail (Indian Trail, NC).

The Capital Markets team placed floating-rate bridge loans through lender ACRES to refinance construction debt and redeem outstanding preferred equity, supporting a balanced capital structure. The three properties total 876 luxury units and were completed between 2024 and January 2025.

Walker & Dunlop (NYSE: WD) arranged $192,068,000 in loan proceeds to refinance a four-property, 1,137‑unit multifamily portfolio in Miami, Denver, and Dallas on behalf of longtime client Cortland Partners.

The portfolio comprises Cortland at the Hammocks I & II (720 units, Miami), Huntington Glen (224 units, Dallas) and Cortland Congress Park (193 units, Denver). The Freddie Mac loan was arranged by Walker & Dunlop Capital Markets led by Stephen Farnsworth. Cortland completed substantial interior and exterior capital improvements to reposition the assets. The portfolio appraisal was conducted by Apprise, Walker & Dunlop’s third‑party appraisal platform. Walker & Dunlop reported originating over $30 billion in debt financing in 2024, including more than $25 billion for multifamily properties.

Walker & Dunlop (NYSE:WD) arranged a $625,299,000 fixed-rate refinance from Freddie Mac for an IMT Capital portfolio of eight garden-style multifamily properties totaling 3,096 units across six U.S. markets (San Diego, Los Angeles, San Francisco, Denver, Atlanta, Nashville).

Closings and Freddie Mac funding were completed on four staggered dates between July and October 2025. Walker & Dunlop led the financing team and cited prior scale: 2024 originations > $30 billion, including > $25 billion for multifamily.

Walker & Dunlop (NYSE: WD) reported third-quarter 2025 results: total transaction volume $15.5B (+34% YoY), total revenues $337.7M (+16% YoY), net income $33.5M and diluted EPS $0.98 (+15% YoY). Adjusted EBITDA was $82.1M (+4% YoY) and adjusted core EPS was $1.22 (+3% YoY). The servicing portfolio grew to $139.3B (+4% YoY). The board declared a $0.67 per-share dividend for Q4 2025.

Year-to-date highlights include $36.5B transaction volume (+38% YoY), revenues of $894.3M (+13% YoY), net income of $70.2M and diluted EPS of $2.05. Adjusted EBITDA and adjusted core EPS declined year-to-date.

Apprise by Walker & Dunlop (NYSE: WD) expanded into New York City on October 22, 2025, appointing Jonathan Chambre, MAI as senior director to lead multifamily valuation efforts across the five boroughs.

The release cites NYC regulatory and market shifts — including City of Yes zoning changes, the new 485x tax incentive, rent stabilization updates, Good Cause Eviction extensions, and Local Law 97 compliance timelines — as reasons demand for timely, localized appraisals is increasing. Apprise notes a nationwide team of 100+ professionals and a collective track record valuing $350+ billion of commercial real estate; the firm also won two 2025 proptech awards.

Walker & Dunlop (NYSE:WD) arranged $40,521,019 in combined debt and equity to finance The Highlands, a 137-unit affordable senior housing development in Hyattsville, Maryland, for households 62+. The capital stack includes an unfunded forward Freddie Mac TEL with a taxable tail, a 30-month forward permanent loan with a 15-year term and 40-year amortization, and a syndicated $12,282,048 4% LIHTC equity investment with United Bank.

Acquisition and construction are financed with short-term tax-exempt bonds and a United Bank bridge loan; additional subordinate financing comes from Prince George’s County HITF and the Maryland Department of Housing and Community Development. Five units will be at 50% AMI and 132 at 60% AMI.