Walker & Dunlop, Inc. Provides Tax Rate Guidance for the Fourth Quarter of 2017 and Full Year of 2018
January 31, 2018 at 04:38 pm EST
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Walker & Dunlop, Inc. provided tax rate guidance for the fourth quarter of 2017 and full year of 2018. For the fourth quarter, expectations for the impact of the Tax Cuts and Jobs Act legislation, which was signed into law on December 22, 2017. As a result of the decrease in the federal corporate income tax rate from 35% to 21%, the company expects: A one-time, non-cash benefit of approximately $59 million to net income, or $1.83 per diluted share, in the fourth quarter of 2017 due to the revaluation of its net deferred tax liabilities at the reduced federal corporate tax rate.
Effective corporate tax rate in 2018 at this time, the company estimates will be in the range of 25% to 28%.
Walker & Dunlop, Inc. is a commercial real estate finance and advisory services firm. The Company focuses on providing multifamily lending, property sales, commercial real estate debt brokerage, and housing investment management. Its segments include Capital Markets, Servicing & Asset Management, and Corporate. Capital Markets segment provides a range of commercial real estate finance products to customers, including Agency lending, property sales, and appraisal and valuation services, others. Servicing & Asset Management segment's activities include servicing and asset-managing the portfolio of loans the Company- originates and sells to the Agencies; or brokers to certain life insurance companies, and originates through its principal lending and investing activities, and managing third-party capital invested in tax credit equity funds focused on the housing sector, and other commercial real estate. Corporate segment includes treasury operations, and other corporate-level activities.
WALKER & DUNLOP, INC. 
