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Geo Group Inc (The) REIT (GEO)

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+0.00 (0.00%)
NYSE · Last Trade: Jun 10th, 6:45 PM EDT
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The GEO Group Provides Update on Recent Court Settlement Allowing for Immediate Full Intake at Company-Owned 1,940-Bed Adelanto ICE Processing Center in California
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that the U.S. District Court, Central District of California (the “Court”) has approved a settlement in the case of Roman v. Wolf, which allows for immediate full intake at the GEO-owned, 1,940-bed Adelanto ICE Processing Center in California (the “Adelanto Center”).
By The GEO Group, Inc. · Via Business Wire · June 10, 2025
The GEO Group Announces Activation of Company-Owned 1,868-Bed D. Ray James Facility
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) has executed a contract modification, effective June 6, 2025, to activate a federal immigration processing center at the GEO-owned, 1,868-bed D. Ray James Facility (the “Facility”) in Folkston, Georgia under the existing intergovernmental service agreement (“IGSA”) involving the GEO-owned, 1,118-bed Folkston ICE Processing Center.
By The GEO Group, Inc. · Via Business Wire · June 9, 2025
The GEO Group Announces It Has Entered Into a Purchase Agreement to Sell Company-Owned Lawton Correctional Facility in Oklahoma for $312 Million
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it has entered into a purchase agreement with the Oklahoma Department of Corrections for the sale of the GEO-owned Lawton Correctional Facility (the “Facility”) located in Lawton, Oklahoma for $312 million.
By The GEO Group, Inc. · Via Business Wire · June 5, 2025
The GEO Group Reports First Quarter 2025 Results
The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter of 2025.
By The GEO Group, Inc. · Via Business Wire · May 7, 2025
The GEO Group Announces Date for First Quarter 2025 Earnings Release and Conference Call
The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2025 financial results on Wednesday, May 7, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, May 7, 2025.
By The GEO Group, Inc. · Via Business Wire · April 23, 2025
The GEO Group Announces Contract for Company-Owned 1,800-Bed North Lake Facility in Michigan
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that the Company has entered into a contract with U.S. Immigration and Customs Enforcement (“ICE”) for the immediate activation of a federal immigration processing center at the GEO-owned, 1,800-bed North Lake Facility (the “Facility”) in Baldwin, Michigan.
By The GEO Group, Inc. · Via Business Wire · March 20, 2025
The GEO Group Announces Contract Modification for Company-Owned, 1,328-Bed Karnes ICE Processing Center
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) has entered into a contract modification of the current intergovernmental service agreement (“IGSA”) for the GEO-owned, 1,328-bed Karnes ICE Processing Center (the “Center) in Karnes City, Texas to transition the Center from housing adult males only to housing mixed populations. GEO provides support services for ICE at the Center under an IGSA between Karnes County and ICE, that is effective through August 2029. GEO’s support services include the exclusive use of the Center by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.
By The GEO Group, Inc. · Via Business Wire · March 10, 2025
The GEO Group Awarded 15-Year Contract by U.S. Immigration and Customs Enforcement for Company-Owned, 1,000-Bed Delaney Hall Facility in New Jersey
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it has been awarded a 15-year, fixed-price contract by U.S. Immigration and Customs Enforcement (“ICE”) to provide support services for the establishment of a federal immigration processing center at the company-owned, 1,000-bed Delaney Hall Facility (the “Facility”) in Newark, New Jersey. GEO’s support services include the exclusive use of the Facility by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.
By The GEO Group, Inc. · Via Business Wire · February 27, 2025
The GEO Group Reports Fourth Quarter and Full Year 2024 Results
The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the fourth quarter and full year 2024.
By The GEO Group, Inc. · Via Business Wire · February 27, 2025
The GEO Group Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025.
By The GEO Group, Inc. · Via Business Wire · January 23, 2025
The GEO Group Comments on Ruling by the 9th Circuit Court of Appeals in the Nwauzor Case
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) commented today on a ruling by the U.S. Court of Appeals for the Ninth Circuit in relation to the Nwauzor v. The GEO Group case (the “Nwauzor Case”).
By The GEO Group, Inc. · Via Business Wire · January 16, 2025
The GEO Group Announces $70 Million Investment in Expanding ICE Services Capabilities and New Corporate Reorganization
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today a $70 million investment in capital expenditures to strengthen the Company’s capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement (“ICE”). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Supervision Appearance Program, as well as secure ground transportation and air operations support services. With the objective of offsetting the $70 million investment in capital expenditures and further reducing debt, GEO intends to pursue the possible sale of several underperforming company-owned state correctional facilities.
By The GEO Group, Inc. · Via Business Wire · December 16, 2024
Brian Evans, CEO of The GEO Group Inc. (NYSE: GEO), to Present at NobleCon20
The GEO Group (NYSE: GEO) is a leader in providing correctional and rehabilitation services, operating secure facilities and offering community-based programs. The company will be presenting alongside world-class headliners such as Zack Kass, former Head of Go-To-Market at OpenAI where ChatGPT was created, and “Shark Tank” stars Kevin O’Leary, Robert Herjavec, and Daymond John.
Via Investor Brand Network · November 15, 2024
The GEO Group Reports Third Quarter 2024 Results
The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2024.
By The GEO Group, Inc. · Via Business Wire · November 7, 2024
The GEO Group Publishes Sixth Annual Human Rights and ESG Report
The GEO Group (NYSE: GEO) (“GEO”) published today the Company’s sixth annual Human Rights and Environmental, Social & Governance (“ESG”) report. The report includes enhanced disclosures related to our Board oversight of human rights and ESG matters, employee diversity and training programs, corporate governance, and environmental sustainability, including updated metrics and statistics for the calendar year 2023, in accordance with the Universal Standards of the Global Reporting Initiative.
By The GEO Group, Inc. · Via Business Wire · October 8, 2024
The GEO Group Announces Exercise of Five-Year Option Period for Adelanto ICE Processing Center Contract
The GEO Group (NYSE: GEO) (“GEO”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) has exercised the five-year option period extending the contract for the GEO-owned 1,940-bed Adelanto ICE Processing Center in California (the “Adelanto Center”) through December 19, 2029.
By The GEO Group, Inc. · Via Business Wire · October 4, 2024
The GEO Group Announces Date for Third Quarter 2024 Earnings Release and Conference Call
The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its third quarter 2024 financial results on Thursday, November 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, November 7, 2024.
By The GEO Group, Inc. · Via Business Wire · September 30, 2024
The GEO Group Reports Second Quarter 2024 Results
The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the second quarter and first six months of 2024.
By The GEO Group, Inc. · Via Business Wire · August 7, 2024
The GEO Group Announces Extension of Exchange Offer
The GEO Group (NYSE: GEO) (“GEO” or the “Company”) announced today that it has extended its offers to exchange (the “Exchange Offer”) (i) up to $650.0 million aggregate principal amount of registered 8.625% Senior Secured Notes due 2029 (the “Secured Exchange Notes”) for any and all of its $650.0 million aggregate principal amount of unregistered 8.625% Senior Secured Notes due 2029 that were issued in a private placement on April 18, 2024 (the “Secured Original Notes”), and (ii) up to $625.0 million aggregate principal amount of registered 10.250% Senior Notes due 2031 (the “Unsecured Exchange Notes” and, together with the Secured Exchange Notes, the “Exchange Notes”) for any and all of its $625.0 million aggregate principal amount of unregistered 10.250% Senior Notes due 2031 that were issued in a private placement on April 18, 2024 (the “Unsecured Original Notes” and, together with the Secured Original Notes, the “Original Notes”).
By The GEO Group, Inc. · Via Business Wire · July 17, 2024
The GEO Group Announces Date for Second Quarter 2024 Earnings Release and Conference Call
The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2024 financial results on Wednesday, August 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 7, 2024.
By The GEO Group, Inc. · Via Business Wire · July 9, 2024
The GEO Group Announces Discontinuation of Lawton Correctional and Rehabilitation Facility Contract in Oklahoma
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today the discontinuation of its contract with the Oklahoma Department of Corrections for the company-owned, 2,600-bed Lawton Correctional and Rehabilitation Facility, which is set to expire on June 30, 2024, unless extended for an additional three months under terms proposed by GEO.
By The GEO Group, Inc. · Via Business Wire · June 20, 2024
The GEO Group Announces Appointment of Chief Financial Officer
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today the appointment of Mark J. Suchinski as Senior Vice President and Chief Financial Officer, effective July 8, 2024.
By The GEO Group, Inc. · Via Business Wire · June 5, 2024
The GEO Group Announces Funding Extension for Adelanto ICE Processing Center Contract
The GEO Group (NYSE: GEO) (“GEO”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) announced that it plans to issue a task order for the GEO-owned 1,940-bed Adelanto ICE Processing Center in California (the “Adelanto Center”), which provides for continued funding through September 30, 2024.
By The GEO Group, Inc. · Via Business Wire · May 20, 2024
The GEO Group Reports First Quarter 2024 Results
The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2024.
By The GEO Group, Inc. · Via Business Wire · May 7, 2024
The GEO Group Announces Date for First Quarter 2024 Earnings Release and Conference Call
The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2024 financial results on Tuesday, May 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, May 7, 2024.
By The GEO Group, Inc. · Via Business Wire · April 22, 2024