Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop structured $77.1 million in financing for two skilled nursing portfolios totaling 10 properties and 848 units. The portfolios include the Cascades Portfolio in Utah with 693 units and the Rollins-Nelson Portfolio in California with 155 units. The financing utilized various capital sources, including HUD loans, enabling debt service savings and cash for facility repairs. In 2021, Walker & Dunlop ranked as the #3 HUD lender, originating $737 million in senior housing and healthcare transactions.

Walker & Dunlop announced the acquisition of GeoPhy, a tech company specializing in commercial real estate analytics, for $85 million in cash, with an additional $205 million in potential earn-outs. This acquisition aims to enhance Walker & Dunlop's technology capabilities, particularly in lending and brokerage sectors. GeoPhy will continue under its CEO, Teun van den Dries, who will also oversee Walker & Dunlop's Apprise and small balance lending divisions. The transaction is set to close in Q1 2022, pending approvals.

Walker & Dunlop announced a successful $67 million financing for Zona Village, a Class-A multifamily property in Davie, Florida. The property includes 201 units and 16,500 sq. ft. of retail space and was completed in 2021. A national life insurance company provided the financing through a 10-year, non-recourse loan. The transaction reflects strong market demand for Class-A multifamily properties, with Zona Village ranked in the top 40 of 71,000 properties surveyed in the ORA Score. Walker & Dunlop originated $49 billion in debt financing in 2021, bolstering its position in the multifamily market.

Walker & Dunlop reported record total revenues of $407.2 million for Q4 2021, a 16% increase year over year. Total transaction volume reached $27.1 billion, up 91% from Q4 2020, while net income was $79.9 million, down 4%. The adjusted EBITDA surged 89% to $109.7 million. In 2021, the company completed the acquisition of Alliant Capital and increased its quarterly dividend by 20% to $0.60 per share. The servicing portfolio grew to $115.7 billion, marking an 8% increase from the previous year.

Walker & Dunlop has relocated to a new 59,000 square-foot headquarters in Bethesda, Maryland, designed by Gensler to enhance collaboration and community among its 250 employees. This modern workspace features areas for brainstorming, wellness, and flexible work while incorporating COVID-19 safety measures such as touchless technology and ample space between workstations. The building also offers amenities like a rooftop terrace and fitness center. The move signifies the company's commitment to cultivating a creative and connected workplace culture.

Walker & Dunlop facilitated the $156 million sale and $91.26 million financing of Volta on Pine, a multifamily property in Long Beach, California. This 271-unit property, featuring retail space, is positioned within a rapidly growing job market driven by the aerospace sector. The transaction showcases Walker & Dunlop's leadership in the multifamily sales market, having completed $10 billion in sales in 2021 alone, reflecting a 203% increase from the previous year. This growth highlights the company’s strong position as a top multifamily capital provider.

Walker & Dunlop has expanded its property sales team in Northern California by hiring Managing Director Nate Oleson and Senior Directors Marc Andenmatten and Mike Colhoun. This strategic move aims to enhance the firm's presence in a key housing market as part of its goal to achieve over $25 billion in annual multifamily property sales by 2025. The new hires bring a combined 44 years of experience in commercial real estate and a strong track record with institutional clients. Walker & Dunlop has already demonstrated success, completing $5.2 billion in property sales in Q3 2021, a 373% increase from 2020.

Walker & Dunlop, Inc. announced the release of its fourth quarter and full-year 2021 results before the market opens on February 3, 2022. The company will host a webcast to discuss these results on the same day at 8:30 a.m. Eastern time. Investors can access the webcast through a provided link or by dialing a specified phone number. Walker & Dunlop is the largest provider of capital to the multifamily industry in the U.S. and the fourth largest lender in commercial real estate, emphasizing its commitment to inclusivity and creating positive change in communities.

Walker & Dunlop expands its footprint into Grand Rapids, Michigan, with the addition of Matt Jones as Managing Director. This strategic move aims to enhance the company's multifamily property sales presence in the Midwest, building on its recent growth. With an impressive goal of achieving $25 billion in sales volumes by 2025, the WDIS team now operates in seventeen of the twenty most actively traded markets in the U.S. In Q3 2021, Walker & Dunlop recorded $5.2 billion in property sales, marking a 373% increase year-over-year.