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Dec 31, 2022
Walker & Dunlop Q4 2022 Earnings Report
Walker & Dunlop grew market share in a challenging quarter, with servicing and asset management businesses shining.
Key Takeaways
Walker & Dunlop reported a 31% decrease in total revenues, totaling $282.9 million for Q4 2022. Net income was $41.5 million, with diluted earnings per share at $1.24, a decrease of 48% and 49% respectively. Despite macroeconomic headwinds, the company's servicing portfolio reached $123.1 billion, up 6% year over year.
Total transaction volume decreased to $11.2 billion, a 59% decrease from Q4 2021.
Total revenues were $282.9 million, down 31% from Q4 2021.
Net income reached $41.5 million, with diluted earnings per share of $1.24, down 48% and 49%, respectively, from Q4 2021.
Servicing portfolio increased to $123.1 billion, a 6% increase from the previous year.
Forward Guidance
Walker & Dunlop is focused on achieving $2 billion in revenue and $13 of diluted earnings per share in 2025. The business model is unique in generating both transaction volume growth along with recurring revenues from servicing and asset management fees. The company's focus on the multifamily industry has been valuable, and the team, brand, and technology are positioned to deliver great growth over the coming years.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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