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Walker & Dunlop’s Q4 revenues, net income see significant gains
Listen to this articleBethesda-based commercial real estate finance company Walker & Dunlop Inc. Thursday reported fourth quarter 2020 total revenues of $349.7 million, an increase of 61% over the fourth quarter of 2019.
Net income for the fourth quarter of 2020 was $83.1 million, or $2.59 per diluted share, up 94% and 93%, respectively, from the fourth quarter of 2019. Fourth quarter 2020 adjusted EBITDA was $58.2 million, down 9% over the same period in 2019. Fourth quarter total transaction volume increased 45% from the fourth quarter of 2019 to $14.2 billion, with debt financing and property sales volume up 45% and 44%, respectively.
The company’s board of directors authorized an increase in the quarterly dividend by 39% to $0.50 per share.
Walker & Dunlop chairman and CEO Willy Walker said the company ended the year with record volumes across the board, generating total debt financing and property sales volume of $41.1 billion, up 29% from 2019. That pushed annual total revenues to $1.1 billion, exceeding the target the company established in 2015 to double revenues in five years.
