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Stock impact report

The GEO Group Reports First Quarter 2020 Results

Geo Group Inc (The) REIT (GEO) 
Last geo group inc (the) reit earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.geogroup.com
Company Research Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a fully integrated equity real estate investment trust (“REIT”) and a leading provider of evidence-based offender rehabilitation and community reentry services around the globe, reported today its financial results for the first quarter 2020, provided an update on the impact of the COVID-19 pandemic on GEO, and issued updated financial guidance.First Quarter 2020 HighlightsTotal revenues of $605.0 millionNet Income Attributable to GEO of $25.2 million or $0.21 per diluted shareAdjusted Net Income of $0.24 per diluted shareNet Operating Income of $150.2 millionNormalized FFO of $0.39 per diluted shareAFFO of $0.55 per diluted shareFY20 Guidance Updated; 2Q20 Guidance ProvidedUpdated financial guidance reflects the impact of COVID-19 pandemic on GEOFY20 Net Income Attributable to GEO expected to be $0.92-$1.04 per diluted share FY20 Adjusted Net Income expected to be $1.00-$1.12 per diluted share FY20 AFFO e Show less Read more
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