Walker & Dunlop reported robust Q3 2025 results, reflecting strong transaction volume and profitability amid a recovering commercial real estate market. Total transaction volume surged 34% year-over-year to $15.5 billion.

• Revenues reached $338 million, up 16% year-over-year, with diluted EPS increasing 15% to $0.98.
• GSE lending volumes drove significant growth, with Freddie Mac lending up 137% and total transaction activities across capital markets strong.
• Investment sales volume rose 30% to $4.7 billion, outperforming the broader market growth of 17%.
• Continued technology investments yielded strong growth in appraisals (up 21%) and small balance lending (up 69%).
• A favorable capital recycling environment and upcoming loan maturities are expected to sustain activity in the commercial real estate sector.