Overview

* Walker & Dunlop ( WD ) Q2 rev grows 18% yr/yr, beating analyst expectations

* Adjusted EPS for Q2 beats consensus, despite adjusted EBITDA missing estimates

* Co's transaction volume rises 65%, driven by strong commercial real estate demand

Outlook

* Walker & Dunlop ( WD ) expects continued growth in Capital Markets as investment cycle gains momentum

* Company anticipates H2 origination fee and MSR income margins to be in line with Q2

Result Drivers

* TRANSACTION VOLUME - Total transaction volume grew 65% to $14 bln, driven by strong debt financing activity with Fannie Mae and Freddie Mac

* COMMERCIAL REAL ESTATE DEMAND - Rebounding demand for financing and capital deployment in commercial real estate market contributed to revenue growth

* SERVICING PORTFOLIO - Growth in servicing portfolio led by Fannie Mae loans, adding $1.7 bln of net loans in Q2 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $319.20 $278.20

Revenue mln mln (3

Analysts

)

Q2 Beat $1.15 $0.72 (3

Adjusted Analysts

EPS )

Q2 EPS $0.99

Q2 Net $33.95

Income mln

Q2 Miss $76.81 $81.10

Adjusted mln mln (3

EBITDA Analysts

)

Q2 $18.62

Assets bln

Under

Manageme

nt

Q2 EBIT 15.0%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Walker & Dunlop Inc ( WD ) is $92.50, about 18.4% above its August 6 closing price of $75.48

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)