Earnings ·
Walker & Dunlop reports Q3 net loss of $37.3M and declares $0.68 quarterly dividend
WDWalker & Dunlop, Inc.
Walker & Dunlop reported a third-quarter net loss of $37.3 million, or $1.15 diluted EPS, driven by $56 million in non-cash valuation adjustments to accelerate the resolution of legacy loan repurchases related to GSE investigations. Total revenues declined 12% year-over-year to $298.4 million as transaction volumes softened, though adjusted core EPS was $0.92. The company also announced a fourth-quarter cash dividend of $0.68 per share, payable December 4 to record holders on November 20. Walker & Dunlop is a leading commercial real estate finance and advisory services firm.