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Mar 31, 2021
Walker & Dunlop Q1 2021 Earnings Report
Walker & Dunlop reported first quarter results with a 20% increase in diluted earnings per share.
Key Takeaways
Walker & Dunlop reported a net income of $58.1 million, or $1.79 per diluted share, up 20% from the first quarter of 2020. Total revenues reached $224.3 million. Total transaction volume was $9.0 billion, down 20% from the first quarter of 2020.
Total revenues of $224.3 million
Total transaction volume of $9.0 billion
Net income of $58.1 million and diluted earnings per share of $1.79
Servicing portfolio of $109.9 billion at March 31, 2021
Forward Guidance
Walker & Dunlop anticipates robust transaction volumes for 2021 and into 2022, driven by institutional equity capital deployment and well-capitalized banks, life companies, and specialty finance firms looking to invest. Fannie Mae and Freddie Mac have $105 billion of lending capacity to deploy over the remainder of 2021.
Positive Outlook
- Over $324 billion of institutional equity capital looking to be deployed into the U.S. commercial real estate industry.
- Banks, life companies, and specialty finance firms are well capitalized and looking to invest.
- Transaction volumes for 2021 and into 2022 will be robust.
- Fannie Mae and Freddie Mac have $105 billion of lending capacity to deploy over the remainder of 2021.
- Walker & Dunlop is the GSEs’ second largest multifamily lending partner
Historical Earnings Impact
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Avg. Return Before/After Earnings
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