Walker & Dunlop, Inc. - WD STOCK NEWS

Walker & Dunlop reported a 90% increase in total transaction volume, reaching $13.5 billion in Q2 2021, compared to Q2 2020. Total revenues rose 11% to $281.4 million. However, net income decreased 10% year over year to $56.1 million with diluted earnings per share of $1.73. Adjusted EBITDA grew 37% to $66.5 million, and the cash position stood at $326.5 million. The company declared a quarterly dividend of $0.50 per share for Q3 2021.

Walker & Dunlop has released a comprehensive second edition of its Build-For-Rent (BFR) report, indicating the asset class's rapid growth in commercial real estate. Backed by Zelman & Associates' data, the report highlights key insights including case studies of significant transactions, current metrics on collections and occupancy, and financing options from major lenders like Fannie Mae and Freddie Mac. The BFR market is expected to outpace other asset classes such as office and retail, with an active pipeline worth $1.9 billion. For details, visit their website.

Walker & Dunlop announced the successful structuring of $37,466,300 in financing for four senior housing facilities across the U.S. The financing includes significant amounts for Bloom at Bluffton and Hilton Head, Cascades of Tucson, and Regency Jackson. Notably, the team utilized their expertise in HUD lending to refinance the Cascades of Tucson, lowering mortgage rates and securing $1.2 million for improvements. This financing assists in mitigating the impact of COVID-19 on occupancy levels and operational challenges, highlighting Walker & Dunlop's commitment to supporting vulnerable populations.

Apprise by Walker & Dunlop expands its commercial real estate appraisal business by adding Managing Director Bruce Daubner and Senior Directors Chad Harrison and David Isaacs, who are based in Columbus, Ohio. This team will enhance the company's growth in the Midwest. Apprise utilizes advanced analytics and data access to deliver timely property insights, reporting over $150 billion in commercial real estate valuations annually. The firm continues to grow, serving a diverse client base across the U.S. market.

Walker & Dunlop has expanded its small multifamily lending team into the Western U.S., appointing Ana Ramos as Managing Director. She will lead efforts to boost the company’s small loan presence in this region. The small multifamily loan market, reportedly over $55 billion in origination volume in two years, is predominantly driven by private investors. Walker & Dunlop aims for $5 billion in small balance loan volume by 2025, leveraging Ramos' extensive experience in commercial real estate, including over $3 billion in closed loan originations.

Walker & Dunlop has launched CREUnited, an alliance focused on increasing diversity within the commercial real estate industry. Despite minorities representing over 48% of U.S. renters, only 4% of real estate companies are minority-owned. CREUnited aims to expand minority representation and assets under management (AUM) by fostering collaboration among industry leaders such as Fannie Mae and Freddie Mac. Key objectives include improving access to capital and professional networks, aiming for a measurable impact on minority-owned firms.

Walker & Dunlop announced the upcoming release of its second quarter 2021 earnings on August 5, 2021, before market opening. The company will hold a webcast to discuss the financial results at 8:30 a.m. Eastern time on the same day. Walker & Dunlop is recognized as a leading provider of capital to the multifamily industry in the United States and ranks fourth in overall commercial real estate lending. The company continues to focus on enhancing inclusivity and sustainability within its operations and community engagement.

Walker & Dunlop has officially completed its acquisition of Zelman & Associates, a top housing research and investment banking firm. This strategic move is expected to bolster Walker & Dunlop's growth by enhancing its property sales platform and debt financing capabilities. The acquisition aligns with the company's goal of achieving $25 billion in property sales and $65 billion in annual debt financing by 2025. Zelman's insights into the single-family rental market will further support Walker & Dunlop's objectives in expanding its investment banking platform.

Walker & Dunlop has acquired TapCap, a technology firm that offers web-based software for real-time quotes on commercial real estate debt. This strategic move aims to enhance the loan application process, reduce costs, and improve borrower experience. The acquisition aligns with Walker & Dunlop's goal to scale small loan originations to $5 billion by 2025. Zac Rosenberg, TapCap's CEO, will lead in their technology group, further integrating advanced tech solutions into their lending operations.