Earnings summaries and quarterly performance for Walker & Dunlop.
Executive leadership at Walker & Dunlop.
William Walker
Detailed
Chief Executive Officer
CEO
DG
Daniel Groman
Executive Vice President, General Counsel and Secretary
GF
Gregory Florkowski
Executive Vice President and Chief Financial Officer
PP
Paula Pryor
Executive Vice President and Chief Human Resources Officer
ST
Stephen Theobald
Executive Vice President and Chief Operating Officer
Board of directors at Walker & Dunlop.
Research analysts who have asked questions during Walker & Dunlop earnings calls.
JR
Jade Rahmani
Keefe, Bruyette & Woods
6 questions for WD
Also covers: ABR, ACRE, AMH +22 more
SD
Steven Delaney
Citizens JMP Capital
3 questions for WD
Also covers: ABR, ACRE, ARI +12 more
JM
Jay McCanless
Wedbush Securities
2 questions for WD
Also covers: BLDR, BZH, CCS +20 more
Matthew Hurwit
Jefferies
2 questions for WD
Also covers: CSWC, GAIN, MFIC +2 more
SD
Steve Delaney
Citizens JMP Securities, LLC
2 questions for WD
Also covers: FBRT, LADR, MFA +1 more
Derek Sommers
Jefferies
1 question for WD
Also covers: CODI, COOP, GHLD +4 more
Recent press releases and 8-K filings for WD.
Walker & Dunlop Appoints Mark Washington as Managing Director
WD
Management Change
Hiring
New Projects/Investments
- Walker & Dunlop appointed Mark Washington as managing director of Capital Markets, Multifamily Investment Sales in Seattle to lead the firm’s sales entry and expansion across the Pacific Northwest.
- This appointment gives Walker & Dunlop a presence in each of the 20 most actively traded U.S. multifamily markets.
- Mark Washington has been involved in over $50 billion of capital markets transactions and closed approximately $4.5 billion in investment sales, joint ventures and development activity.
- In 2025, Walker & Dunlop originated over $41 billion in debt financing, with over $35 billion for multifamily properties, and reported nearly $71 billion in property sales since 2021.
3 days ago
WD Reports Q4 2025 Results with Significant Charges and Provides 2026 Guidance
WD
Earnings
Guidance Update
Dividends
- Walker & Dunlop reported a diluted loss per share of $0.41 for Q4 2025, but noted that diluted earnings per share would have been $1.04 excluding impairment and repurchase-related charges.
- The company recognized $66 million in total impairments and credit losses during Q4 2025, including $29 million related to loans subject to a fraud investigation and $26 million for the impairment of affordable assets. These strategic actions were taken to position the company for stronger performance in 2026 and beyond.
- Capital markets transaction volumes demonstrated strong growth, increasing 161% from $7 billion in Q1 2025 to $18 billion in Q4 2025. The servicing portfolio also grew to $144 billion by the end of 2025, a 6% increase from the end of 2024.
- For 2026, Walker & Dunlop provided guidance of diluted earnings per share between $3.50 and $4, adjusted EBITDA between $300 million and $325 million, and adjusted core earnings per share between $4.50 and $5. The Q1 2026 pipeline is currently $15 billion, more than double the Q1 2025 production total.
- The board of directors increased the quarterly dividend to $0.68 per share, representing a 1.5% increase over 2025.
Feb 26, 2026, 1:30 PM
Walker & Dunlop Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook
WD
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Walker & Dunlop reported a diluted loss per share of $(0.41) for Q4 2025 and diluted earnings per share of $1.64 for the full year 2025.
- The Capital Markets segment achieved a 36% increase in Consolidated Total Transaction Volume for Q4 2025 and a 37% increase for FY 2025 year-over-year, though Net Income for Q4 2025 decreased by 35%.
- The Servicing & Asset Management segment saw a 9% decrease in Total Revenues and a 123% decrease in Net Income for Q4 2025, primarily due to impairment charges and credit losses.
- For full-year 2026, the company projects Diluted EPS in the range of $3.50 - $4.00 and Adjusted EBITDA between $300 - $325 MILLION.
- Walker & Dunlop's market share in Multifamily Properties reached 10.2% in 2025, reflecting a 42.0% change from the previous year.
Feb 26, 2026, 1:30 PM
Walker & Dunlop Reports Q4 2025 Results, Provides 2026 Guidance, and Unveils 'Journey to Thirty' Plan
WD
Earnings
Guidance Update
New Projects/Investments
- Walker & Dunlop's Q4 2025 results were impacted by $66 million in impairments and credit losses related to loan repurchases and a strategic decision to exit affordable assets.
- Excluding these charges, diluted earnings per share for Q4 2025 would have been $1.04.
- The company reported significant growth in transaction volumes, with capital markets volumes increasing 161% from Q1 to Q4 2025 and multifamily property sales volumes up 146% over the same period.
- For full-year 2026, Walker & Dunlop provided guidance of diluted earnings per share between $3.50 and $4, adjusted EBITDA of $300 million to $325 million, and adjusted core EPS of $4.50 to $5.
- The company introduced "Journey to Thirty," a new five-year strategic plan targeting earnings per share growth from $3.50-$4 in 2026 to $9 per share in 2030.
Feb 26, 2026, 1:30 PM
Walker & Dunlop Reports Q4 2025 Results and 2026 Guidance Amidst Impairments
WD
Earnings
Guidance Update
Legal Proceedings
- Walker & Dunlop reported a diluted loss per share of $0.41 for Q4 2025, primarily due to $66 million in impairments and credit losses related to loan repurchases and a strategic decision to exit affordable assets.
- The company incurred a $29 million loan loss expense in Q4 2025, stemming from borrower fraud and internal policy non-adherence, which led to an offer to indemnify Freddie Mac for $134 million of loans.
- Despite these charges, Walker & Dunlop's core capital markets business showed significant growth, with transaction volumes increasing 161% from Q1 to Q4 2025, and multifamily property sales volumes growing 146% over the same period.
- For full-year 2026, the company provided guidance projecting diluted earnings per share of $3.50-$4, Adjusted EBITDA of $300 million-$325 million, and adjusted core earnings per share of $4.50-$5. The servicing portfolio grew to $144 billion by the end of 2025, and a dividend increase was announced.
Feb 26, 2026, 1:30 PM
Walker & Dunlop Reports Q4 and Full-Year 2025 Financial Results
WD
Earnings
Profit Warning
Dividends
- Walker & Dunlop reported a net loss of $13.9 million and diluted loss per share of $0.41 for Q4 2025, both down 131% from Q4 2024, primarily due to $66.2 million of expenses related to impairment charges and losses from indemnified and repurchased loans.
- Total revenues for Q4 2025 were $340.0 million, flat compared to Q4 2024, while full-year 2025 total revenues increased 9% to $1.2 billion.
- The company's total transaction volume for Q4 2025 grew 36% to $18.3 billion, and its servicing portfolio increased 6% year-over-year to $144.0 billion as of December 31, 2025.
- The Board of Directors declared a Q1 2026 dividend of $0.68 per share, representing a 1.5% increase over the 2025 quarterly dividend.
Feb 26, 2026, 11:00 AM
Walker & Dunlop Reports Q4 and Full-Year 2025 Financial Results
WD
Earnings
Dividends
- Walker & Dunlop reported a net loss of $13.9 million and diluted loss per share of $0.41 in Q4 2025, both down 131% from Q4 2024, primarily due to $66.2 million in expenses associated with impairment charges and operating costs from indemnified and repurchased loans.
- Despite the Q4 net loss, the company achieved significant operational growth, with total transaction volume increasing 36% to $18.3 billion in Q4 2025 and its servicing portfolio growing 6% to $144.0 billion as of December 31, 2025.
- For the full year 2025, Walker & Dunlop's net income decreased 48% to $56.2 million and diluted earnings per share fell 49% to $1.64, as a 9% increase in total revenues was outpaced by a 15% rise in total expenses.
- The Board of Directors declared a Q1 2026 dividend of $0.68 per share, representing a 1.5% increase over the 2025 quarterly dividend.
Feb 26, 2026, 11:00 AM
Walker & Dunlop Ranks as Top GSE Lender for 2025
WD
Revenue Acceleration/Inflection
- Walker & Dunlop was recognized as the #1 Fannie Mae DUS® lender by volume in 2025 for the seventh consecutive year, with $8.9 billion in volume.
- The company finished 2025 as the #3 Freddie Mac Optigo® lender, achieving a total volume of $7.9 billion and increasing loan origination volumes by 47% with Freddie Mac.
- On a combined basis, Walker & Dunlop was the #2 GSE lender in 2025, delivering $16.8 billion in loan volume to Fannie Mae and Freddie Mac.
Feb 9, 2026, 11:00 AM
Walker & Dunlop and Pretium Introduce Affordable Bridge Capital Joint Venture
WD
New Projects/Investments
- Walker & Dunlop and Pretium have announced a $250 million strategic joint venture named Walker & Dunlop Affordable Bridge Capital.
- The joint venture is designed to fill a crucial financing gap for affordable multifamily housing.
- It will originate flexible, short-term first-mortgage bridge loans for properties being acquired, refinanced, or prepared for long-term government-affordable programs.
- Loan sizes will range from $10-75 million with terms between 6-36 months.
Jan 7, 2026, 1:00 PM
Walker & Dunlop Arranges $625.3M Freddie Mac Refinance for IMT Multifamily Portfolio
WD
Debt Issuance
New Projects/Investments
- Walker & Dunlop arranged approximately $625.3 million in fixed-rate loans from Freddie Mac for IMT Capital.
- This refinancing covers a portfolio of eight garden-style multifamily properties, comprising 3,096 apartment units, across six high-growth U.S. markets.
- The transaction was coordinated to close in four staggered phases between July and October 2025, aligning with individual loan maturity schedules.
- In 2024, Walker & Dunlop originated over $30 billion in debt financing volume, with more than $25 billion allocated to multifamily properties.
Nov 10, 2025, 11:27 AM
Quarterly earnings call transcripts for Walker & Dunlop.
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