The Motley Fool

FEBRUARY 8, 2024

And we delivered a 25% free cash flow margin on a trailing 12-month basis or 30% on a pre-tax basis. above the high end of our guidance range, driven by the items I just highlighted, and a slightly lower tax rate, driven by several discrete items related to additional foreign tax credits and incentives. per diluted share.

Taxes 100

Taxes Leveraging Capital Banks 100

The Motley Fool

APRIL 24, 2024

Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%. Simultaneously, we have ramped up our efforts and leveraged our tenant relationships, exemplifying how we create proprietary deal flow and accretive off-market opportunities.

Debt 130

Debt Leveraging Capital Finance 130

Pension Pulse

APRIL 25, 2024

As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said. One thing to keep in mind is the move to private credit is actually a great thing for the capital markets because it matches the assets with a more suitable liability.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

NOVEMBER 5, 2024

Deal flow is very strong, and we believe that we are still the best partner in the industry. Our effective GAAP tax rate during the quarter was 28.6%, an increase over the effective tax rate in the third quarter of 2023 of 18.6%. We continue to expect a normalized tax rate of about 32%. million or $0.24

Taxes 130

Taxes Accounting Consultants Consulting 130

The Motley Fool

DECEMBER 5, 2023

This will also help public and corporate leaders to better assess cyber risks and liabilities, so they can develop effective strategies and mitigate potential impacts. And is there any difference in linearity of deal flow during the quarter, this quarter versus previous quarters? And then one more if I may.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

The Motley Fool

FEBRUARY 27, 2024

We continue to experience healthy deal flow, which helped offset the margin impact of our system integration, which we estimate was approximately 130 basis points in the quarter. Our effective GAAP tax rate during the quarter was 19.3%. Gross profit increased 6.3% million, representing a 30.2% Turning to expenses.

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

APRIL 12, 2024

Over the last several years, we've maintained a strong risk appetite framework and have been very deliberate about how we deploy our deposits and other liabilities into high-quality assets. And our investment bank and commercial bank are going to be closely coordinated to harvest the deal flow around the world.

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

FEBRUARY 9, 2024

We intend to launch a strategy focused on triple net lease in Europe, driven by deal flow we already see today. I'd like to end with a couple of comments on tax rates and FRE margins to set the stage for 2024 and beyond. On taxes, the headline here is we expect our effective tax rate to be lower for longer.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

The Motley Fool

OCTOBER 23, 2024

Our team's continued efforts to create value and identify these opportunities combined with our improved cost of capital have opened up a larger opportunity set and resulted in accelerated deal flow. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Debt 130

Debt Capital Leveraging Assets 130

The Motley Fool

OCTOBER 17, 2024

We have virtually no net debt, no insurance liabilities and a share count that is almost unchanged over the past seven years despite the extraordinary growth we've achieved. The relationships we have there, that deal flow is very helpful to our credit business as well. So we feel good about what we're doing.

Debt 130

Debt Management Fees Assets Finance 130

The Motley Fool

FEBRUARY 29, 2024

To add more context around overall deal flow, EMEA grew the fastest during the quarter, followed by the Americas and APJ. Our non-GAAP results for the third quarter exclude, among other items, a discrete income tax benefit of $207 million from the release of a valuation allowance for GAAP purposes.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Deal Flow 130

The Motley Fool

JANUARY 12, 2024

Asset and wealth management reported net income of 925 million with pre-tax margin of 28%. But having said that, I think we're seeing a bit of pickup in deal flow, and I would expect the environment to be a bit more supportive. And then to complete our lines of business, AWM on Page 8. Revenue of 4.7

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. For adjusted net income purposes, we forecast a slightly higher 2023 tax rate of 30%. We're seeing healthy deal flow across departments, which feels really good. and gross profit increased 16.9%

Banks 100

Banks Deal Flow Education Debt 100

The Motley Fool

JULY 24, 2024

Our team's efforts continue to produce unique and proprietary deal flow, and we continue to identify attractive investment opportunities across all three external growth platforms. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

AUGUST 6, 2024

Our effective GAAP tax rate during the quarter was 31.9%. We are now forecasting a normalized tax rate of about 32% due to higher non-deductible share-based compensation expense. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. This includes a $3.8

Accounting 130

Accounting Returns Leveraging Taxes 130

The Motley Fool

FEBRUARY 15, 2024

Typically, the fourth quarter is the strongest quarter of revenues for Walker & Dunlop Affordable Equity, formerly Alliant, due to the gains realized from the disposition of maturing tax credit deals. We have a fantastic business model that generates strong cash flow, and we ended the year with $329 million of cash on hand.

Debt 100

Debt Finance Financing Banks 100

The Motley Fool

AUGUST 2, 2023

As we look forward, deal flow is significant. On the mortgage company side, total pre-tax income for the -- in the quarter. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The investment opportunities we're seeing are very, very attractive.

Capital 100

Capital Asset Management Assets Shareholders 100

The Motley Fool

NOVEMBER 7, 2023

Healthy deal flow and a favorable buying environment drove margin expansion and more than offset inventory inefficiencies related to our system transition, which we estimate to have impacted gross margin by approximately 50 basis points. Our new stores are performing well and building in line with our expectations.

Banks 100

Banks Debt Leveraging Capital 100

The Motley Fool

JULY 27, 2023

We have provided the granular guidance on corporate unallocated expense, deal related amortization, interest expense and tax rate in the supplemental deck posted to our IR site. There's not a lot of deal flow. This is an area where people have been looking at how they're going to be managing their own expenses.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Big Picture

JULY 2, 2024

So in the early years we only had 10 million of assets, but we had billions of dollars of deal flow. So some people want liquidity, they’re gonna do accounts receivable if a big endowment or foundation is less concerned about regular demands on capital or future liabilities. 00:35:50 [Speaker Changed] Huh. Fair statement.

Legal 59

Legal Hedge Funds Finance Financing 59

The Motley Fool

JULY 31, 2023

So, I think that we have not changed our underwriting standards, and we are seeing some good deal flow. So, there's adequate deal flow for us to maintain our policy to think in terms of investing $100 million a year. David Marsh -- Singular Research -- Analyst Got it. Thank you, guys, very much for the color.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Capital Debt Deal Flow 130

The Motley Fool

NOVEMBER 1, 2024

But as we look at 2025 and given what we're working on, we remain confident that we are going to be bringing to the table both gaming and nongaming deals, big and small. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool recommends Vici Properties.

Assets 130

Assets Capital Funds Deal Flow 130

The Motley Fool

FEBRUARY 21, 2025

And again, I -- at a time like this when the gaming deal flow is what it is, we believe we serve our stockholders very well by developing these kinds of relationships to give our stockholders participation in what we think is some of the most compelling placemaking taking place right now. Thanks and good morning.

Assets 130

Assets Mergers and Acquisitions Debt Capital 130

The Motley Fool

APRIL 12, 2024

Our as-adjusted tax rate for the first quarter was approximately 23% and included discrete tax benefits related to stock-based compensation awards that vest in the first quarter of each year. These inflows were partially offset by seasonal tax trading-related outflows from our U.S. style box exposure in Precision ETFs.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

Our as-adjusted tax rate for the fourth quarter was approximately 24%, driven, in part, by discrete items. We currently estimate that 25% is a reasonable projected tax run rate for 2024, though the actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Shareholders Asset Management Capital 130

The Motley Fool

FEBRUARY 13, 2025

We held our team together throughout the downturn to be able to capture deal flow when markets returned and our investment sales team's efforts in the back half of 2024 were fantastic and set us up very well for 2025 and beyond. For the full year, our property sales team sold $9.8 billion of properties in the first half of the year.

Assets 130

Assets Asset Management Finance Financing 130

The Motley Fool

JULY 15, 2024

Our as-adjusted tax rate for the second quarter was approximately 24%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2024. The actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

JANUARY 30, 2025

Net income and EPS increased 19% and 22%, respectively, driven primarily by the strong operating income growth and further aided by a discrete tax benefit recognized in the fourth quarter. I mean that's really subject to what kind of deal flow and deal activity we see. EPS was $3.82, which includes an $0.08

Banks 130

Banks Leveraging Liabilities Taxes 130

The Motley Fool

AUGUST 3, 2023

We raised Alliant's 117th low-income tax credit fund during Q2, and we broadened our investment banking capabilities from predominantly single-family by hiring a new managing director focused on the commercial real estate market. The vast majority of our bankers and brokers are still with us. The Motley Fool has a disclosure policy.

Asset Management 100

Asset Management Finance Financing Debt 100

The Motley Fool

AUGUST 8, 2024

With lower interest rates and an increasing supply of capital to the commercial real estate sector, we are optimistic about the opportunities to capture deal flow and grow as the commercial real estate market recovers from the last two years of restricted interest rates. Thank you for your time this morning.

Assets 130

Assets Finance Financing Debt 130

The Motley Fool

NOVEMBER 1, 2024

High prices for homes, mortgage rates, property taxes, and insurance continue to support rental demand, and this is not changing anytime soon. Additionally, during the third quarter, we had $0.015 per share of favorability, resulting primarily from higher fee income, lower interest expense, and lower income tax expense.

Taxes 130

Taxes Debt Capital Assets 130

The Motley Fool

NOVEMBER 9, 2023

They are well behind, but they aren't losing deal flow to other capital sources. What we are seeing in this challenging fundraising environment is that investors value Walker & Dunlop's access to deal flow and banker/broker distribution network as deals get harder and traditional sources of capital move in and out of the market.

Asset Management 100

Asset Management Deal Flow Assets Finance 100

The Motley Fool

FEBRUARY 12, 2025

And the Government segment was weaker than we had anticipated based on timing of deal flow. Through our divestiture program, which generated approximately $780 million of after-tax proceeds, we repurchased 52 million shares and prepaid $639 million against our term loans, including $100 million in the fourth quarter.

Debt 130

Debt Leveraging Capital Assets 130

The Motley Fool

NOVEMBER 7, 2024

Due to increased deal flow and revenues, we grew diluted earnings per share 33% year over year to $0.85 W&D affordable housing is an important growth area as Fannie, Freddie, and HUD focus on affordable lending and the need for low-income housing tax credits expands. We closed $11.6 Jade Rahmani -- Analyst Thanks.

Taxes 130

Taxes Assets Finance Financing 130

The Motley Fool

JULY 18, 2024

There's also a variable around the sort of the level of deal flow a year ago and the benefit that comes from buying those funds at a discount to the fund returns in the short term. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Assets 130

Assets Finance Financing Management Fees 130