Walker & Dunlop Q4 revenue misses

Walker & Dunlop

26/02/2026 11:20

Overview

Real estate finance firm's Q4 revenue flat yr/yr, missing analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company faced significant expenses related to asset impairments and loan repurchases

Outlook

Company anticipates top and bottom-line growth in 2026 driven by servicing portfolio

Walker & Dunlop sees improving macroeconomic backdrop supporting commercial real estate growth

Company aims to become leading commercial real estate capital markets firm globally

Result Drivers

TRANSACTION VOLUME - Total transaction volume grew 36% to $18.3 bln, driven by brokered debt financing and property sales

ASSET IMPAIRMENTS - Significant expenses from asset impairments and loan repurchases impacted Q4 results

SERVICING PORTFOLIO - Servicing portfolio grew 6% to $144 bln, driven by Fannie Mae and Freddie Mac loans

Company press release: ID:nBw9vwrdNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$340 mln
$343.66 mln (3 Analysts)
Q4 Adjusted EPS
Miss
$0.28
$1.23 (3 Analysts)
Q4 EPS
-$0.41
Q4 Net Income
-$13.91 mln
Q4 Adjusted EBITDA
$38.76 mln
Q4 Assets Under Management
$18.63 bln
Q4 EBIT Margin
-5.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 is $80.00, about 35.8% above its February 25 closing price of $58.91

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)