Walker & Dunlop Inc Stock Price, News & Analysis

Walker & Dunlop has expanded its Investment Sales team by appointing Christopher Westcott as managing director in Phoenix, Arizona. This strategic hire is part of the company's expansion in the mountain and Western U.S. regions. Westcott brings over 25 years of multifamily expertise and has been involved in transactions worth more than $2.5 billion, covering 16,000 units.

The company has shown strong performance in Western markets, with a combined transaction volume of $20.29 billion across Denver, Southern California, and Phoenix over the past three years. Walker & Dunlop has completed over $57 billion in property sales volume since 2021 and originated over $30 billion in debt financing volume in 2024, including $25 billion for multifamily properties.

Walker & Dunlop has arranged a $176 million credit facility for seven single-family rental communities in the Atlanta, Georgia MSA. The portfolio encompasses 709 homes with 1.4 million rentable square feet across prime suburban locations including McDonough, Loganville, Cartersville, Hoschton, Dallas, and Jefferson.

The properties, situated within 30-55 miles from Atlanta's central business district, feature 3-, 4-, and 5-bedroom homes with premium amenities. The financing was secured through Brookfield Asset Management's Real Estate Credit group on behalf of institutional investors advised by J.P. Morgan Asset Management.

The deal highlights the growing demand for single-family rental properties in Atlanta's suburbs, driven by population growth, job creation, and a robust local economy. Walker & Dunlop's Capital Markets group has demonstrated significant activity, sourcing over $16 billion in non-Agency capital provider transactions in 2024.

Walker & Dunlop (WD) has strengthened its New York Capital Markets team with the appointment of Dustin Stolly as senior managing director. Stolly, former co-president of Debt and Structured Finance at Newmark, joins in partnership with Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz.

Throughout his career, Stolly has been instrumental in structuring and executing over $100 billion in debt and equity transactions. His expertise in complex financing solutions, equity raises, and joint ventures has earned him consistent recognition on Commercial Observer's Power Finance 50 list.

This strategic hire reinforces WD's commitment to expanding its market presence and enhancing its capital markets capabilities. The company aims to leverage Stolly's expertise to strengthen its position in commercial real estate capital markets and build what they describe as an 'unmatched capital markets powerhouse.'

Walker & Dunlop (WD) has priced its amended and restated senior secured credit agreement, featuring a $450 million term loan facility that will initially bear interest at SOFR plus 2.00%. The agreement includes a potential 25 basis points reduction in interest margin if the company's total leverage ratio meets specific criteria.

The credit agreement also encompasses a three-year $50 million revolving credit facility with an interest rate of SOFR plus 1.75%. J.P. Morgan Chase Bank will serve as administrative agent and lead arranger, with Bank of America joining as a revolving credit facility provider.

The company plans to utilize proceeds from its $400 million senior unsecured notes due 2033 and the amended credit agreement to reduce existing senior secured term loan principal, cover related expenses, and support general corporate purposes.

Walker & Dunlop (WD) has announced the pricing of $400 million senior unsecured notes due 2033 in a private placement. The notes will carry an interest rate of 6.625% per annum and will be issued at par value.

The notes will be guaranteed on a senior unsecured basis by certain company subsidiaries. WD plans to use the proceeds to reduce the outstanding principal amount under its existing senior secured term loan agreement, pay related fees and expenses, and for general corporate purposes.

The offering is expected to close on March 14, 2025, subject to market and customary conditions. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.

Walker & Dunlop (WD) has announced plans to offer $400 million in senior unsecured notes due 2033 through a private placement. The notes will be guaranteed on a senior unsecured basis by certain company subsidiaries.

Simultaneously, the company plans to amend its senior secured term loan agreement to:

• Reduce outstanding senior secured term loans to $450 million
• Extend the maturity date to 2032
• Establish a three-year $50 million revolving credit facility

The proceeds will be used to reduce the existing senior secured term loan principal, pay related fees, and support general corporate purposes. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Walker & Dunlop (NYSE: WD) reported strong Q4 2024 financial results with total transaction volume of $13.4 billion, up 45% from Q4'23. Total revenues reached $341.5 million, up 24% year-over-year, while net income and diluted EPS both increased 42% to $44.8 million and $1.32 respectively.

The company's servicing portfolio grew to $135.3 billion as of December 31, 2024, up 4% from the previous year. Full-year 2024 highlights include total transaction volume of $39.9 billion (up 21%) and total revenues of $1.1 billion (up 7%). The company declared a quarterly dividend of $0.67 per share for Q1 2025, representing a 3% increase.

Notable achievements include ranking as the largest Fannie Mae lender for the sixth consecutive year and fourth largest Freddie Mac lender for 2024. The company's at-risk servicing portfolio increased 8% to $63.4 billion, with six loans in default totaling $41.7 million.

Walker & Dunlop (NYSE: WD) announced its first international expansion with a new London-based brokerage and capital markets advisory team. After 87 years of exclusive focus on U.S. commercial real estate, the company is expanding globally, led by Claudio V.R. Sgobba as senior managing director, Head - EMEA Capital Markets, alongside managing director Jessica Bell.

The new Walker & Dunlop Mayfair London office will focus on commercial real estate capital solutions, including senior, mezzanine, whole-loan, bridge loans, loans on loan, equity joint ventures, and recapitalizations. The team joins from Artega Capital, bringing over 60 years of combined experience and $70 billion in completed transactions since 2005 across the UK, Western Europe, U.S., and Middle East.

Walker & Dunlop (NYSE: WD) announced its first international expansion with a new London-based brokerage and capital markets advisory team. After 87 years of exclusively focusing on the U.S. commercial real estate market, this strategic move aims to capitalize on the company's scale and meet client demand for expertise beyond the U.S.

The expansion is led by Claudio V.R. Sgobba, who joins as Senior Managing Director, Head - EMEA Capital Markets, alongside Managing Director Jessica Bell and other team members from Artega Capital. Sgobba brings extensive experience from previous roles at JLL, HFF, Dubai Inc., and Standard Chartered Bank, while Bell formerly served as managing director at KKR.

This strategic expansion is designed to strengthen relationships with global investors already engaged with the company in the U.S. market and marks a significant milestone in W&D's growth strategy.