Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop announced a $59,812,000 capital stack for the Green|House project in Columbus, Ohio. This mixed-use development by Kaufman Development will feature 158 apartment units and 3,700 square feet of retail space in the vibrant Short North Arts District. The financing includes attractive terms secured through a regional bank and a national insurance company. The project, which focuses on personal improvement, aims to capitalize on the area's growing office market and startup culture.

Walker & Dunlop reported a strong Q1 2022 with total transaction volume of $12.7 billion, a 40% increase from Q1 2021. Total revenues rose 42% to $319.4 million, with net income reaching $71.2 million ($2.12 per diluted share), up 23% and 18%, respectively. The adjusted EBITDA increased 3% to $62.6 million. The servicing portfolio grew 6% year-over-year to $116.3 billion. The company declared a quarterly dividend of $0.60 per share and announced key executive promotions.

Walker & Dunlop will hold a virtual Investor Day on May 19, 2022, at 10:00 a.m. Eastern Time. The event will provide insights into the company’s long-term growth strategy, focusing on the Drive to '25 initiative. Presentations will be made by senior management, followed by a Q&A session. The event can be accessed via a webcast or by phone. Materials will be available on the Investor Relations section of the company's website, ensuring investors can follow updates effectively.

Walker & Dunlop will release its Q1 2022 results on May 5, 2022, before market opens. A webcast to discuss these results will be held on the same day at 8:30 a.m. Eastern time. Investors can access the webcast through the provided link or by dialing in. Walker & Dunlop, listed under ticker WD, is a leading provider of capital in the commercial real estate sector, known for its technology and employee engagement.

Walker & Dunlop has secured $70 million in permanent financing for the 21 West Street residential tower in New York City's Financial District. The 33-story building features 293 residential units and offers a variety of amenities, including a fitness center and roof deck. The financing, arranged for repeat client Rose Associates, is backed by a 12-year loan from MetLife with an attractive fixed rate and interest-only payments, ensuring operational stability. Despite COVID-19 challenges, the NYC rental market remains resilient, absorbing over 60,000 new units in recent years.

Walker & Dunlop has successfully completed the sale of two apartment communities, Viridian Edge at the Park and Western Hills, totaling 432 units in Colorado Springs, Colorado. This joint venture between Griffis/Blessing and Freshwater Investments was facilitated by Walker & Dunlop's team. The buyer, Birge & Held, aims to expand its portfolio to over 1,200 units in the area, capitalizing on the local real estate market's growth potential. In 2021, Walker & Dunlop achieved $19.3 billion in property sales volume, emphasizing its leadership in multifamily property sales.

Walker & Dunlop arranged a $31,375,000 construction loan for The Casey, a luxury multifamily project in Camas, Washington. The 125-unit property is located near the developing 192nd Avenue Corridor and is being constructed by Tapani Inc., with completion expected by April 2023. The project features modern amenities including a fitness center, library, and outdoor spaces. Walker & Dunlop emphasizes its strong position in the multifamily market, having originated $31 billion in transactions in 2020 and $30 billion in brokered loans in 2021.

Walker & Dunlop has secured financing for Amavi Celina, a build-for-rent neighborhood in Celina, Texas. The project will feature 271 homes, including 155 cottages, 94 townhomes, and 22 single-family homes. Construction commenced in February 2022, with plans for the first homes to be delivered by August 2023. The financing includes a competitive, interest-only four-year construction loan, highlighting Walker & Dunlop's capabilities in the build-for-rent sector. This development taps into the rapid household growth in the Dallas-Fort Worth area, fueled by local employment growth.