Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported third quarter 2020 total reve-nues of $247.0 million, an increase of 16% over the third quarter of 2019. Net income for the third quarter of 2020 was $53.2 million, or $1.66 per diluted share, up 21% and 19%, respectively, from the third quarter of last year. Third quarter 2020 adjusted EBITDA1 was $45.2 million, down 17% over the same period in 2019. Third quarter total transaction volume decreased 6% from the prior-year quarter to $8.4 billion, with Agency lending up 36%, offset by a 45% decrease in brokered volume and a 32% decrease in property sales volume. The Company ended the third quarter with $294.9 million of cash on the balance sheet.
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