Walker & Dunlop(WD) - 2023 Q4 - Earnings Call Transcript

Jade Rahmani - KBW Our multifamily property sales team closed $2.9 billion of sales in the fourth quarter, bringing our full year volume to $8.8 billion, down 55% from 2022, slightly less than the broader market decline of 61%. As a result, we increased market share from 6.7% in 2022 to 7.4% in 2023. Debt brokerage volume declined 34% in Q4 to $2.9 billion and was down 55% for the full year to $11.7 billion. Finally, operating margin was 13% and return on equity was 6%, compared to 21% and 13% respectively ...