Capstone Holding Corp. lowers convertible note conversion price to $1.00
BETHESDA, Md. - On Thursday, Commercial real estate finance company Walker & Dunlop (NYSE:WD) reported fourth quarter earnings that beat analyst expectations, driven by a sharp increase in transaction volumes.
Walker & Dunlop shares rose 2.5% in after-hours trading following the earnings release. The stock is up about 15% over the past 12 months.
The company posted Q4 adjusted earnings per share of $1.34, surpassing the analyst consensus estimate of $1.21. Revenue for the quarter came in at $341.5 million, also topping expectations of $311.48 million.
Total (EPA:TTEF) transaction volume jumped 45% YoY to $13.4 billion in Q4, reflecting strength in the multifamily market despite interest rate volatility. Debt financing volume increased 56% to $10 billion, while property sales volume rose 20% to $3.5 billion.
"We had a strong finish to 2024, delivering impressive financial results across the board in the fourth quarter," said Walker & Dunlop Chairman and CEO Willy Walker. He noted the rebound in transaction activity, coupled with durable revenues from servicing and asset management, drove growth across most areas of the business.
Net income and diluted EPS both surged 42% YoY to $44.8 million and $1.32 respectively. Adjusted EBITDA increased 8% to $94.6 million.
For the full year 2024, Walker & Dunlop reported total transaction volume of $39.9 billion, up 21% from 2023. Total revenues grew 7% to $1.1 billion.
The company’s servicing portfolio expanded to $135.3 billion as of December 31, 2024, up 4% from a year earlier.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.