Press release

February 15, 2024

Walker & Dunlop Reports Results for Q4 2023

Walker & Dunlop, Inc. (NYSE: WD) (the “Company,” “Walker & Dunlop,” or “W&D”) reported its strongest quarterly results of 2023 in the fourth quarter. Total revenues were $274.3 million in the fourth quarter, a decrease of 3% year over year. Fourth quarter total transaction volume was $9.3 billion, down 17% year over year. Net income for the fourth quarter of 2023 was $31.6 million, or $0.93 per diluted share, down 24% and 25%, respectively, year over year. Adjusted EBITDA was down only 5% over the same period in 2022, reflecting the stability of revenues from our servicing and asset management segment. The Company’s Board of Directors declared a dividend of $0.65 per share for the first quarter of 2024, the sixth consecutive year the dividend has increased.

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