Walker & Dunlop(US:WD)2025-05-01 11:15Market Trends & Investor Sentiment - There's significant demand for commercial real estate (CRE) investment opportunities in North America[10] - Multifamily sales volume has rebounded to pre-pandemic levels[13] - Investor buying sentiment reflects a desire to transact in the multifamily environment[16] - The 2024 multifamily absorption rate was 2.2 times above the pre-COVID average[20] - The delta between the cost of homeownership and renting remains wide[24] Financial Performance (Q1 2025 vs Q1 2024) - Consolidated total transaction volume increased by 10%, from $6394459 thousand to $7035932 thousand[31] - Total revenues increased by 25%, from $81897 thousand to $102570 thousand[31] - Net income increased by 135%, from -$6700 thousand to $2360 thousand[31] - Adjusted EBITDA increased by 31%, from -$19297 thousand to -$13327 thousand[31] - Total revenues for Servicing & Asset Management ("SAM") decreased by 7%, from $141235 thousand to $131903 thousand[35] - Net income for SAM decreased by 56%, from $43283 thousand to $19126 thousand[35] - Adjusted EBITDA for SAM decreased by 10%, from $119658 thousand to $107902 thousand[35] Future Outlook & Goals - The company anticipates high single-digits to double-digits growth in adjusted core earnings per share for 2025[38] - The company anticipates flat to high single-digits growth in adjusted EBITDA for 2025[38] - The company aims to increase average transaction volume per banker/broker to $200 million, a 16% increase[41]