Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop reported a challenging fourth quarter of 2022, with total revenues of $282.9 million, down 31% year-over-year. The net income stood at $41.5 million or $1.24 per diluted share, reflecting a 48% decline, while total transaction volume fell 59% to $11.2 billion. Despite these declines, the company achieved a record combined GSE market share of 12.7% and remains the #1 Fannie Mae DUS lender. For 2022, total revenues were flat at $1.3 billion, with a 20% drop in net income. The board declared a dividend of $0.63 per share, marking a 5% increase for the fifth consecutive year.

Walker & Dunlop, Inc. (NYSE: WD) announced a $40 million investment in the Shiloh Crossing project, constructing 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA. The project aims to provide affordable housing for families earning between 30% and 70% of the area median income (AMI). The development will include two buildings: a five-story North Building with 130 units and a four-story South Building with 43 units. The project is expected to generate $40 million in federal LIHTC, $5.5 million in state tax credits, and $300,000 in energy credits, addressing the ongoing housing crisis in the region.

Walker & Dunlop (NYSE: WD) has been recognized as the largest Fannie Mae DUS® lender by volume in 2022, marking its fourth consecutive year at the top. The firm achieved a total of $18 billion in loan deliveries, making it the largest GSE lender in the U.S. for the first time. Walker & Dunlop was noted for its substantial contributions in Green Financing, Manufactured Housing, and Affordable Housing. Additionally, the company celebrated its 85th anniversary and continues to provide financial solutions across various sectors of the commercial real estate market.

Walker & Dunlop, Inc. (NYSE: WD) is set to release its fourth-quarter and full-year 2022 financial results before market opening on February 21, 2023. The company will host a webcast at 8:30 a.m. Eastern time on the same day to discuss these results. Investors can access this webcast via the provided registration link. Walker & Dunlop is recognized as a leading provider of capital to the commercial real estate sector in the United States, emphasizing their commitment to diversity, social impact, and being consistently ranked as a top workplace.

Walker & Dunlop Investment Partners (WDIP) has completed its final investment from its sixth fund, Fund VI, which focused on niche middle-market commercial real estate. Launched in Q1 2021, the fund raised $79.3 million and facilitated eight equity investments totaling $259 million. These included industrial properties, hotel-to-multifamily conversions, and distressed office transactions. Marcus Duley, WDIP's CIO, expressed optimism about the portfolio's performance despite market uncertainties. Since 2006, WDIP has advised on over $14.8 billion in real estate transactions.

Walker & Dunlop, Inc. (NYSE: WD) has announced a structured financing of $120 million for the rehabilitation of a 557-unit housing portfolio in Harlem, NY, including properties like Audubon Houses and Thurgood Marshall Plaza. The financing involves collaboration with Dantes Partners, NYCHA, HDC, Freddie Mac, and JP Morgan Chase. The project aims to upgrade essential facilities for low-income residents, with plans to invest over $200,000 per unit. This renovation will enhance living conditions, addressing significant infrastructure needs while contributing to affordable housing in New York City.

Walker & Dunlop (NYSE: WD) announced the closure of a $200 million incremental loan under its senior secured term loan facility. This loan, which matures in December 2028, will be directed towards repaying debt from the Alliant Capital acquisition and fortifying the company's balance sheet. The repayment is expected to lower annual debt service costs by eliminating mandatory principal repayments. JP Morgan acted as the Administrative Agent and Lead Arranger for this loan.

Walker & Dunlop is preparing for a critical phase as $2.5 trillion of commercial real estate debt matures from 2023-2027 amid rising interest rates, high inflation, and asset revaluations. Leveraging a $121 billion servicing portfolio, the company aims to offer portfolio evaluation, asset financing advisory, and loan sales services. Their Capital Markets team has facilitated over $21 billion in capital transactions and boasts significant experience in managing complex credit portfolios to optimize asset recovery.

Walker & Dunlop Inc. (NYSE: WD) ended the year robustly by closing four financing deals totaling nearly $300 million. The New York Capital Markets team, led by notable members, secured significant financing for various projects, enhancing their status as a leading advisor in the commercial real estate sector. Key transactions included:

• Northern Liberties: $134.6 million
• JFK Logistics Center: $100 million
• Lincoln Logistics: $37.7 million
• Hotel Peter Paul: $12.7 million