Tuesday, November 09, 2021

The GEO Group, Inc. (GEO)
10-Q Review

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

10-Q Overview. We were able to perform a deep dive into The GEO Group’s 10-Q which was released November 5th. And while nothing in the 10-Q changes our assessment of GEO and its business prospects, the 10-Q does provide some enhanced details we want to share.


Populations The surge at the Southwest border and re-opening of the U.S.  Court system, which we have detailed in previous reports, are positively impacting results. Aggregate net increases in populations, transportation services and/or rates contributed an incremental $18.8 million of revenue primarily due to increased occupancies at the USMS and ICE facilities mainly due to the large increase in …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.