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Strong finish for Walker & Dunlop

Walker & Dunlop, of Bethesda, a commercial real estate finance company, posted a 45 percent increase in net income for the fourth quarter of 2014. Walker & Dunlop reported net income of $16.3 million, or 50 cents per diluted share, for the quarter ended Dec. 31, compared with $11.2 million and 33 cents for the same period in 2013. Revenue jumped to $112.6 million from $85.5 million in the prior-year quarter. “The fourth quarter was an exceptional finish to a very strong year,” Walker & Dunlop Chairman and CEO Willy Walker said in a statement. “… Since we went public in 2010, the volume of commercial real estate loan refinancings has declined every year, yet Walker & Dunlop has grown revenues at a compound annual growth rate of 31 percent over that period.” For the year, the company reported net income of $51.4 million, compared with $41.5 million in 2013.