Welcome to our dedicated page for Walker & Dunlop SEC filings (Ticker: WD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Walker & Dunlop, Inc. (NYSE: WD) filings with the U.S. Securities and Exchange Commission, along with AI-powered tools that help interpret the information. Walker & Dunlop is a Maryland corporation whose common stock is listed on the New York Stock Exchange, and its SEC reports offer detail on its commercial real estate finance and advisory activities.
Among the filings available are Form 8-K current reports, which the company uses to disclose material events. Recent 8-Ks describe press releases reporting quarterly and year-to-date financial results, amendments to a Master Repurchase Agreement and related side letters with JPMorgan Chase Bank, N.A., changes to the board of directors, and performance-based equity awards for senior executives. These documents shed light on Walker & Dunlop’s capital structure, financing facilities, governance, and compensation practices.
Investors can also review filings that detail repurchase facilities used by Walker & Dunlop and its operating subsidiary, Walker & Dunlop, LLC. Amendments to these agreements adjust facility amounts, fees, and termination dates, illustrating how the company structures secured financing to support its commercial real estate activities.
On Stock Titan, AI-generated summaries highlight key points from lengthy filings, helping users quickly identify items such as new credit arrangements, changes in directorships, or disclosures about financial results. As additional forms such as annual reports on Form 10-K, quarterly reports on Form 10-Q, and insider transaction reports on Form 4 are filed with the SEC, they can be incorporated into this page’s feed, with AI tools surfacing important terms, obligations, and governance details for easier review.
Walker & Dunlop, Inc. director Dana L. Schmaltz purchased 1,000 shares of common stock in an open-market transaction at a price of $45.7800 per share. Following this buy, Schmaltz directly owns 84,325 shares of Walker & Dunlop common stock.
Walker & Dunlop director Dana L. Schmaltz exercised deferred stock units into common shares. On March 13, 2026, Schmaltz converted 1105 deferred stock units into 1105 shares of common stock at a stated price of $0.00 per share under the company’s Deferred Compensation Plan for Non-Employee Directors.
Following this compensation-related exercise, Schmaltz holds 83325 shares of Walker & Dunlop common stock directly. The deferred stock units were fully vested and represent one share of common stock each, and no shares were reported as sold in this filing.
Walker & Dunlop director Donna Wells exercised deferred stock units into common shares. On March 13, 2026, she converted 1,381 fully vested deferred stock units into 1,381 shares of Walker & Dunlop common stock under the company’s Deferred Compensation Plan for Non-Employee Directors, bringing her direct holdings to 6,658 shares.
Walker & Dunlop, Inc. held a virtual Investor Day outlining its long-term “Journey to ’30” growth strategy for its commercial real estate capital markets platform. Management highlighted how technology, servicing, capital markets and affordable housing are intended to work together to drive scale, recurring revenue and client retention.
For 2025, the company shows diluted EPS of $3.35, adjusted core EPS of $3.39, and adjusted EBITDA excluding charges of $315,905 thousand. For 2026, it targets diluted EPS of $3.50–$4.00, adjusted core EPS of $4.50–$5.00, and adjusted EBITDA of $300–$325 million.
By 2030, Walker & Dunlop is aiming for total revenues of $2 billion+, adjusted EBITDA of $400–$500 million, diluted EPS of $8.00–$10.00, and adjusted core EPS of $8.00–$10.00, supported by goals of $80 billion+ in annual debt origination volume and $35 billion+ in property sales volume. The company emphasizes non‑GAAP metrics such as adjusted EBITDA and adjusted core EPS to describe its outlook.
Walker & Dunlop director Ernest Michael Freedman reported an open-market purchase of 5,000 shares of common stock on March 5, 2026 at a weighted average price of $49.2087 per share, executed in multiple trades between $49.076 and $49.3499. Following this purchase, he directly owns 6,097 shares of Walker & Dunlop common stock.
Walker & Dunlop, Inc. entered into a Seventeenth Amendment to its Second Amended and Restated Warehousing Credit and Security Agreement with PNC Bank. The amendment extends the facility’s maturity to March 1, 2027, decreases the Bulge Commitment Fee, and adds short-term borrowing flexibility.
From March 2, 2026 until May 1, 2026, the borrower may request a one-time advance of up to $2,500,000,000, called the Limited Bulge Increase. Upon disbursement, the Warehousing Credit Limit rises by that amount, subject to the Limited Bulge Credit Limit, until that date or a shorter period set by PNC. Walker & Dunlop continues to guarantee the borrower’s obligations under the warehousing facility.
Walker & Dunlop director Donna Wells reported an open-market purchase of 500 shares of common stock at $46.96 per share on March 3, 2026. Following this transaction, she directly owns 5,277 common shares of the company.
Walker & Dunlop Chairman and CEO William M. Walker reported an open-market purchase of 10,000 shares of the company’s common stock. The shares were bought on March 2, 2026 at a weighted average price of $47.4632 per share, across multiple trades between $47.19 and $47.68.
After this purchase, Walker directly owns 488,948.192 shares of Walker & Dunlop common stock. The filing also lists additional indirect holdings through Walker Family Holdings LLC and as custodian for three sons, which reflect ownership structure rather than new transactions.
Walker & Dunlop, Inc. is a U.S. commercial real estate services, finance, and technology company operating through Capital Markets, Servicing & Asset Management, and Corporate segments. It originates, sells, and services multifamily and commercial loans, primarily through Fannie Mae, Freddie Mac, and HUD programs, and also provides property sales, investment management, LIHTC syndication, and appraisal services.
The company set 2025 goals of $2,000,000 thousand in revenues, $60,000,000 thousand in debt financing volume, and other scale milestones, but macro headwinds from inflation, higher rates, and tighter liquidity slowed transaction activity. In 2025 it generated revenues of $1,234,306 thousand, debt financing volume of $41,483,695 thousand, property sales volume of $13,349,892 thousand, a servicing portfolio unpaid principal balance of $143,978,153 thousand, and assets under management of $18,631,100 thousand.
Walker & Dunlop shares risk on Fannie Mae DUS loans, with an at-risk balance of $68.6 billion and pledged collateral of $225.0 million as of December 31, 2025, supported by a $37.5 million allowance for risk-sharing obligations. Risk factors highlight dependence on Agency relationships and warehouse facilities, exposure to loan defaults, repurchase and indemnification obligations, and sensitivity to multifamily market and interest rate conditions. The company also emphasizes human capital investment, reporting 1,466 employees, 7% voluntary turnover, and structured talent and engagement programs.
Walker & Dunlop reported mixed fourth-quarter and full-year 2025 results. Q4 2025 revenue was $340,024,000, but the company posted a diluted loss per share of $0.41 as adjusted EBITDA fell to $38,755,000. Results included $66,200,000 of expenses tied to planned 2026 asset sales and indemnified and repurchased loans.
Capital Markets activity accelerated, with Q4 total transaction volume up 36% year over year to $18,330,350,000 and full-year total transaction volume up 37% to $54,833,587,000. The servicing portfolio reached $143,978,153,000, supporting recurring fee income.
For 2025, revenue rose to $1,234,306,000 while net income declined to $56,247,000 and diluted EPS to $1.64, with operating margin at 6%. The board declared a first-quarter 2026 dividend of $0.68 per share and authorized a new $75,000,000 share repurchase program.