Walker & Dunlop reported a decrease in total revenues of 9% year-over-year, with net income and diluted earnings per share also declining. However, adjusted EBITDA increased by 4% driven by growth in cash revenues from the company's services businesses. The company's servicing portfolio continued to expand, reaching $120.8 billion.
Total transaction volume was $16.9 billion, down 8% from Q3 2021.
Total revenues were $315.6 million, a decrease of 9% year-over-year.
Net income was $46.8 million, down 35% from Q3 2021.
Servicing portfolio reached $120.8 billion, up 6% from September 30, 2021.
The current economic outlook is uncertain. Yet we are confident in achieving our five-year, Drive to '25 business plan.
Visualization of income flow from segment revenue to net income