GEO Group (GEO) Reports Q1 FFO of $0.60

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Go back to GEO Group (GEO) Reports Q1 FFO of $0.60

The GEO Group Reports First Quarter 2021 Results and Updates Full Year 2021 Guidance

May 10, 2021 6:55 AM EDT

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 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

Total revenues of $576.4 million 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... More