Dramatic Growth in Debt Brokerage and Property Sales Drives Walker & Dunlop’s Q4 Results
- Bethesda, Maryland | Feb. 3, 2022
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported record total revenues of $407.2 million for the fourth quarter of 2021, an increase of 16% year over year. Net income for the fourth quarter of 2021 was $79.9 million or $2.42 per diluted share, down 4% and 7%, respectively, from the fourth quarter of 2020. Fourth quarter 2021 adjusted EBITDA1 was a record of $109.7 million, up 89% over the same period in 2020. Total transaction volume in the fourth quarter of 2021 was also a record of $27.1 billion, up 91% from the fourth quarter of 2020. The Company’s Board of Directors authorized a 20% increase in the quarterly dividend to $0.60 per share.