Exhibit 99.1

Picture 2

Walker & Dunlop First Quarter Total Revenues Grow 27%

And Net Income Increases 20% Year Over Year

Adjusted EBITDA Grows 28%

 

FIRST QUARTER 2019 HIGHLIGHTS

·

Total transaction volume of $5.9 billion, up 23% from Q1 '18

·

Total revenues of $187.4 million, an increase of 27% from Q1 '18

·

Strong net income of $44.2 million, or $1.39 per diluted share, up 20% from Q1 '18

·

Record adjusted EBITDA1 of $66.7 million, growth of 28% over Q1 '18

·

Servicing portfolio of $87.7 billion at March 31, 2019, up 16% from March 31, 2018

·

Declared dividend of $0.30 per share for the second quarter of 2019

 

Bethesda, MD – May 1, 2019Walker & Dunlop, Inc. (NYSE: WD) (the “Company”),  one of the fastest growing commercial real estate finance companies in the United States, reported first quarter 2019 total revenues of $187.4 million, an increase of 27% over the first quarter of 2018. Net income for the first quarter of 2019 was $44.2 million, or $1.39 per diluted share, up 20% from the first quarter of last year. Adjusted EBITDA for the first quarter 2019 was $66.7 million, an increase of 28% over the first quarter of 2018. Total transaction volume grew 23% from the prior-year quarter to $5.9 billion. The Company’s Board declared a $0.30 per share dividend for the second quarter of 2019.

 

“The strong revenue and earnings growth that Walker & Dunlop has shown over the past five years continued into the first quarter of 2019,” said Willy Walker, Chairman and Chief Executive Officer of Walker & Dunlop. “Our bankers and brokers executed on $5.9 billion of total transaction volume, a 23% increase over Q1 of last year. Notably, our multifamily-focused property sales team grew their quarterly volume by 106% to nearly $700 million. Continued growth in new loan originations pushed our loan servicing portfolio to $88 billion, which was a  large contributor to generating net income of $44 million and a record $67 million in adjusted EBITDA, up 28% over Q1 of 2018.”

 

Mr. Walker continued, “W&D was recently ranked the sixth Best Workplace in the Financial Services Industry by Fortune Magazine, an incredible honor that is reflective of our strong corporate culture and incredible team. Our unique ability to effectively compete with global firms while providing our clients with the touch and feel of a small, family company continues to differentiate us from the competition and power our financial results. Given our distinct brand in the industry, the fundamentals supporting the commercial real estate market, and our extremely profitable business model, we feel well positioned to deliver continued strong results in 2019.”

 

1

 


The following information was filed by Walker Dunlop, Inc. (WD) on Wednesday, May 1, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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