Walker & Dunlop ( (WD) ) has released its Q4 earnings. Here is a breakdown of the information Walker & Dunlop presented to its investors.
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Walker & Dunlop, Inc., a prominent commercial real estate finance and advisory services firm in the United States, reported strong financial results for the fourth quarter of 2024, driven by a significant increase in transaction volumes and revenues. The company achieved a 45% rise in total transaction volume to $13.4 billion and a 24% increase in revenues to $341.5 million compared to the same quarter last year. Net income also surged by 42% to $44.8 million, reflecting the company’s robust performance in the multifamily market.
The fourth quarter highlights included a 91% increase in Fannie Mae transaction volumes and a 70% rise in brokered transactions, contributing to the overall growth. Despite a 6% decline in adjusted core EPS, the company’s adjusted EBITDA grew by 8% to $94.6 million. Walker & Dunlop’s servicing portfolio expanded by 4% year-over-year to $135.3 billion, supported by an increase in Agency debt financing volumes.
For the full year 2024, the company reported a total transaction volume of $39.9 billion, up 21% from the previous year, and total revenues of $1.1 billion, marking a 7% increase. Although net income saw a marginal rise of less than 1%, the adjusted EBITDA grew by 9%, highlighting the company’s effective operational strategies. The company also declared a quarterly dividend of $0.67 per share for the first quarter of 2025, a 3% increase from the previous quarter.
Looking ahead to 2025, Walker & Dunlop remains optimistic about its growth prospects, anticipating a recovery in the commercial real estate market. The company plans to leverage its investments in technology and expanded service offerings to capitalize on market opportunities, aiming for continued financial success and shareholder returns as transaction volumes rebound.
