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Private Prison Co Investors Sue For Virus-Linked Stock Drop

The GEO Group Inc. was hit with a proposed class action Tuesday in Florida federal court alleging the private prison operator made misleading statements about its response to the COVID-19 pandemic, resulting in damage to investors after an article revealed woeful conditions at one of its halfway houses.

GEO : Reports First Quarter 2021 Results and Updates Full Year 2021 Guidance

Message : Required fields The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the first quarter 2021 and updated its financial guidance for the full-year 2021. First Quarter 2021 Highlights Net Income Attributable to GEO of $50.5 million or $0.41 per diluted share 1Q21 results reflect $13.3 million pre-tax gain on real estate assets and $3.0 million pre-tax gain on the extinguishment of debt Adjusted Net Income of $0.28 per diluted share Net Operating Income of $152.3 million Normalized FFO of $0.44 per diluted share

The GEO Group Reports Fourth Quarter and Full-Year 2020 Results and Issues 2021 Guidance

Posted on 355 The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of enhanced in-custody rehabilitation, post-release support, and community-based programs, reported today its financial results for the fourth quarter and full-year 2020 and issued financial guidance for 2021. Fourth Quarter 2020 Highlights Net Income Attributable to GEO of $11.9 million or $0.09 per diluted share 4Q20 results reflect $21.1 million Goodwill impairment charge related to GEO’s reentry centers primarily due to COVID-19 Adjusted Net Income of $0.33 per diluted share Net Operating Income of $151.1 million Normalized FFO of $0.48 per diluted share AFFO of $0.62 per diluted share

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