Walker & Dunlop Reports 20% Growth in Diluted Earnings Per Share to $1.79
- Bethesda, Maryland | May 6, 2021
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported first quarter net income of $58.1 million, or $1.79 per diluted share, up 20% from the first quarter of 2020 on total revenues of $224.3 million. First quarter total transaction volume of $9.0 billion was down 20% from the first quarter of 2020, predominantly due to lower multifamily financing volumes after originating the largest deal in Walker & Dunlop’s history in the first quarter of 2020. First quarter 2021 adjusted EBITDA was $60.7 million, and the Company ended the quarter with $339.5 million of cash and short-term investments in loans held for sale.