Walker & Dunlop Reports 42% Growth in Revenues in first quarter of 2022
- Bethesda, Maryland | May 5, 2022
Walker & Dunlop, Inc. (NYSE: WD) (the “Company” or “W&D”) reported total revenues of $319.4 million for the first quarter of 2022, an increase of 42% year over year. Net income for the first quarter of 2022 was $71.2 million or $2.12 per diluted share, up 23% and 18%, respectively, from the first quarter of 2021. First quarter 2022 adjusted EBITDA1 was $62.6 million, up 3% over the same period in 2021. First quarter total transaction volume was $12.7 billion, up 40% year over year. The Company’s Board of Directors declared a dividend of $0.60 per share for the second quarter of 2022.