Loading...
•
Sep 30, 2021
Walker & Dunlop Q3 2021 Earnings Report
Walker & Dunlop reported a strong third quarter, driven by record transaction volume and growth in key revenue streams.
Key Takeaways
Walker & Dunlop reported a 35% increase in net income and a 60% increase in adjusted EBITDA, driven by a 40% increase in revenues. The company achieved a record total transaction volume of $18.5 billion, up 120% from Q3 2020, and a record adjusted EBITDA of $72.4 million, up 60% from Q3 2020. The servicing portfolio reached $113.9 billion, up 10% from the previous year.
Record total transaction volume of $18.5 billion, up 120% from Q3'20
Total revenues of $346.3 million, up 40% from Q3'20
Net income of $71.7 million and diluted earnings per share of $2.21, up 35% and 33%, respectively, from Q3'20
Servicing portfolio of $113.9 billion at September 30, 2021, up 10% from September 30, 2020
Forward Guidance
Walker & Dunlop announced plans to refinance its senior secured term loan and increase the aggregate principal amount to $600 million. The company will use the proceeds from the loan to fund repayment of its existing senior secured term loan and to fund its pending acquisition of Alliant Capital. The new loan is expected to have conventional terms for this type of financing and is anticipated to close in November 2021 simultaneously with the closing of the acquisition of Alliant, subject to market and other customary conditions and the closing of the Alliant acquisition. The company have received commitments well in excess of the targeted $600 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...