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.
Walker & Dunlop, Inc. reports developments in commercial real estate finance and advisory services, with recurring updates on mortgage banking volume, revenues, servicing fees, and the performance of its Capital Markets and Servicing & Asset Management activities. The company originates, sells, and services multifamily and other commercial real estate financing products, including Agency executions tied to Fannie Mae, Freddie Mac, Ginnie Mae, HUD and the Federal Housing Administration.
Company news also covers arranged debt and equity capital for multifamily, affordable housing, hospitality, self-storage and other commercial real estate assets. Updates frequently describe refinancing, construction financing, institutional advisory mandates, LIHTC affordable equity capabilities, servicing portfolio growth, credit exposure from indemnified or repurchased loans, and management commentary on capital markets conditions.
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.
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