Walker & Dunlop, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 08, 2024 at 03:32 pm IST
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Walker & Dunlop, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 270.68 million compared to USD 272.62 million a year ago. Revenue was USD 270.68 million compared to USD 272.62 million a year ago. Net income was USD 22.66 million compared to USD 27.64 million a year ago. Net income was USD 22.66 million compared to USD 27.64 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.82 a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 0.67 compared to USD 0.82 a year ago.
For the six months, revenue was USD 498.74 million compared to USD 511.36 million a year ago. Revenue was USD 498.74 million compared to USD 511.36 million a year ago. Net income was USD 34.53 million compared to USD 54.3 million a year ago. Net income was USD 34.53 million compared to USD 54.3 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.62 a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.62 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.61 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.61 a year ago.
Walker & Dunlop, Inc. is a commercial real estate finance and advisory services firm. The Company focuses on providing multifamily lending, property sales, commercial real estate debt brokerage, and housing investment management. Its segments include Capital Markets, Servicing & Asset Management, and Corporate. Capital Markets segment provides a range of commercial real estate finance products to customers, including Agency lending, property sales, and appraisal and valuation services, others. Servicing & Asset Management segment's activities include servicing and asset-managing the portfolio of loans the Company- originates and sells to the Agencies; or brokers to certain life insurance companies, and originates through its principal lending and investing activities, and managing third-party capital invested in tax credit equity funds focused on the housing sector, and other commercial real estate. Corporate segment includes treasury operations, and other corporate-level activities.