Walker & Dunlop's Q1 revenue rises 27% on higher transaction volumes
Walker & Dunlop, Inc. WD | 0.00 |
Overview
U.S. real estate finance firm's Q1 revenue rose 27% yr/yr on higher transaction volumes
Adjusted core EPS for Q1 increased 20% yr/yr, supported by origination and servicing fee growth
Company repurchased $13.3 mln of shares during the quarter
Outlook
Walker & Dunlop says it enters Q2 with a strong pipeline across all segments and geographies
Company notes macro environment remains challenging due to rate volatility, oil prices, and Iran conflict
Walker & Dunlop expects continued progress reducing exposure to repurchased loans over time
Result Drivers
SURGE IN TRANSACTION VOLUME - Q1 transaction volume rose 94% yr/yr to $13.7 bln, led by higher debt financing activity and a large Freddie Mac portfolio
FEE INCOME GROWTH - Higher origination and servicing fees, driven by increased transaction activity and a larger servicing portfolio, supported revenue
INCREASED EXPENSES - Personnel expenses and indemnified/repurchased loan costs rose, reflecting higher variable compensation and credit-related charges
Company press release: ID:nBw11spnPa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
Beat |
$301.30 mln |
$267.15 mln (2 Analysts) |
Q1 Adjusted EPS |
Beat |
$1.02 |
$0.28 (2 Analysts) |
Q1 EPS |
|
$0.46 |
|
Q1 Net Income |
|
$15.87 mln |
|
Q1 Adjusted EBITDA |
|
$73.78 mln |
|
Q1 Assets Under Management |
|
$18.53 bln |
|
Q1 EBIT Margin |
|
9.00% |
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