Significant Increase in Transaction Volume
Walker & Dunlop closed $11.6 billion of total transaction volume in Q3 2024, up 36% from Q3 2023 and 37% sequentially from Q2 2024.
Growth in Key Financial Metrics
Diluted earnings per share grew 33% year-over-year to $0.85 per share, with adjusted EBITDA and adjusted core EPS both up 7%.
Surge in Property Sales and GSE Loan Volumes
Property sales reached $3.6 billion, up 44% year-over-year. GSE loan volumes increased significantly, with MSR revenue up 23% year-over-year.
Growth in HUD Lending Volumes
HUD lending volumes grew over 200% to $272 million in Q3 2024, marking W&D's rise to the second largest HUD multifamily lender in the country.
Strong Servicing Portfolio
W&D ended Q3 2024 with a $134 billion servicing portfolio, generating stable recurring revenues with strong credit fundamentals.
Increased Efficiency and Technology Integration
Technology-enabled businesses and small balance lending showed growth, with small balance lending revenues increasing from $3.7 million in Q1 to $8.6 million in Q3.