Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop announced the structuring of $385 million in financing for 470 Kent Avenue, a mixed-use development in Williamsburg, Brooklyn. The project will comprise 463 rental apartments (30% affordable) and 90 luxury condominiums, totaling over 627,000 gross square feet. The development will include amenities such as outdoor terraces, a fitness center, and an ice-skating rink, enhancing the neighborhood's appeal. The project, backed by Naftali Group and Access Industries, aims to meet evolving resident demands with proximity to transportation options.

Walker & Dunlop has secured $204 million in loan proceeds from MF1 Capital to refinance The Axel, a mixed-use multifamily and commercial property in Brooklyn, New York. The 29-story building includes 284 multifamily units and is strategically located near cultural amenities and transportation. The refinancing was advised by a dedicated team from Walker & Dunlop, highlighting their expertise in managing structured loans in a challenging market. This transaction exemplifies Walker & Dunlop's strong position in capital markets, having sourced nearly $30 billion in loans in 2021.

Walker & Dunlop reported Q3 2022 revenues of $315.6 million, a 9% decrease year-over-year, with net income at $46.8 million, down 35%. Total transaction volume was $16.9 billion, an 8% decline from Q3 2021. Adjusted EBITDA rose 4% to $75 million, attributed to cash revenue growth from services. Fannie Mae market share increased to 17%. A quarterly dividend of $0.60 per share was declared for Q4 2022. The company is optimistic about its 2025 business plan despite a challenging economic outlook.

Walker & Dunlop announced a joint venture with Pacific Life and Magma Equities to acquire an 820-unit Texas apartment portfolio valued at $189 million. The properties involved are The Village at Bellaire in Houston (580 units) and Lost Spurs Ranch in Roanoke (240 units). The investment reflects confidence in the multifamily sector's stability and growth, with plans for significant renovations and rent adjustments to enhance property value. This acquisition aims to strengthen Walker & Dunlop's Texas portfolio amidst strong market demand.

Walker & Dunlop announced the successful structuring of the sale and financing of Trails at Timberline, a 314-unit property in Fort Collins, Colorado. The property features an average unit size of 897 sq. ft. and is located near key amenities and Colorado State University. The Fort Collins submarket shows strong fundamentals with a historic low vacancy rate of 4.62%. In 2021, Walker & Dunlop recorded $19.3 billion in property sales and $49 billion in debt financing. This underscores their position as a major player in the multifamily real estate market.

Walker & Dunlop, a major capital provider to the U.S. commercial real estate sector, announced its third quarter 2022 earnings release scheduled for November 9, 2022, prior to market opening. The company will host a webcast on the same day at 8:30 a.m. Eastern time to discuss the results. Investors can access the webcast through a provided link or via phone. Walker & Dunlop is recognized for its employee satisfaction and commitment to diversity and social change within the industry.

Walker & Dunlop has appointed Casey Merrill as Managing Director for the West Coast Region, expanding its Apprise platform. Merrill, with over 35 years of real estate appraisal experience and a background in the NFL, aims to enhance Apprise's market presence. Apprise, a subsidiary of Walker & Dunlop, specializes in valuations and consulting, having valued $150 billion in commercial properties annually. This strategic move is part of Walker & Dunlop's commitment to leveraging digital innovation in the appraisal industry and expanding its client base across the U.S.

Walker & Dunlop announced the successful structuring of a $115 million sale for 360 Degrees, a luxury apartment complex in Denver's Tech Center. The transaction was facilitated by Dan Woodward and his team, collaborating with EverWest Real Estate Investors and Griffis Residential. With its prime location and amenities, 360 Degrees is positioned for strong performance in the multifamily market. In 2021, Walker & Dunlop achieved a property sales volume of $19.3 billion, reflecting a 214% increase from the previous year.

Walker & Dunlop announced a successful joint venture equity raise for the Morgan Arvada, a Class A multifamily community with 328 units in Arvada, Colorado. Institutional investors, advised by J.P. Morgan Global Alternatives, will provide the equity capital. Construction began in September 2022, with expected residential occupancy in Summer 2024 and final completion in Spring 2025. Walker & Dunlop's Capital Markets segment sourced over 1,300 loans and equity investments totaling nearly $30 billion in 2021, showcasing their industry expertise.