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CoreCivic Inc (CXW.N)

CXW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Corecivic Announces Change In Corporate Structure And New Capital Allocation Strategy
Thursday, 6 Aug 2020 

Aug 5 (Reuters) - Corecivic Inc ::CORECIVIC ANNOUNCES CHANGE IN CORPORATE STRUCTURE AND NEW CAPITAL ALLOCATION STRATEGY.CORECIVIC INC - BOARD HAS UNANIMOUSLY APPROVED A PLAN TO REVOKE ITS REAL ESTATE INVESTMENT TRUST (REIT) ELECTION AND BECOME A TAXABLE C CORPORATION.CORECIVIC INC - TO DISCONTINUE COMPANY'S QUARTERLY DIVIDEND.CORECIVIC INC - PLAN TO EVALUATE SALE OF UP TO $150 MILLION IN NET PROCEEDS OF LOWER YIELDING NON-CORE REAL ESTATE ASSETS IN OUR PROPERTIES SEGMENT.CORECIVIC INC - WILL CONTINUE TO OPERATE AS A REIT FOR REMAINDER OF 2020 TAX YEAR.  Full Article

CoreCivic Says Q2 Adjusted FFO Per Share $0.56
Thursday, 6 Aug 2020 

Aug 5 (Reuters) - CoreCivic Inc ::SEES FY REVENUE $4.1 MILLION ASSOCIATED WITH SOUTHEAST CORRECTIONAL COMPLEX LEASE .CORECIVIC REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 ADJUSTED FFO PER SHARE $0.56.Q2 FFO PER SHARE $0.47.Q2 REVENUE $472.6 MILLION.DO NOT EXPECT TO PROVIDE FINANCIAL GUIDANCE.QTRLY CORECIVIC COMMUNITY REVENUE OF $26.0 MILLION.QTRLY CORECIVIC PROPERTIES REVENUE OF $22.5 MILLION.  Full Article

Corecivic Reports Q2 FFO Per Share $0.47
Thursday, 6 Aug 2020 

Aug 5 (Reuters) - Corecivic Inc ::CORECIVIC REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 ADJUSTED FFO PER SHARE $0.56.Q2 FFO PER SHARE $0.47.Q2 REVENUE $472.6 MILLION.SEES FY 2020 REVENUE $4.1 MILLION.DO NOT EXPECT TO PROVIDE FINANCIAL GUIDANCE.QTRLY CORECIVIC COMMUNITY REVENUE OF $26.0 MILLION.QTRLY CORECIVIC PROPERTIES REVENUE OF $22.5 MILLION.  Full Article

Corecivic Suspends Quarterly Dividend
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Corecivic Inc ::CORECIVIC SUSPENDS QUARTERLY DIVIDEND WHILE IT EVALUATES CORPORATE STRUCTURE AND CAPITAL ALLOCATION ALTERNATIVES.CORECIVIC INC - IN APRIL 2020, CO GENERATED $158.1 MILLION IN REVENUE.CORECIVIC- IN MAY, CO GENERATED $159.6 MILLION IN REVENUE, A 0.9% INCREASE COMPARED WITH APRIL.CORECIVIC - NORMALIZED FFO FOR MAY WAS $25 MILLION, AN 11.9% INCREASE COMPARED WITH APRIL.CORECIVIC INC - IN APRIL, CO GENERATED NET INCOME OF $10.2 MILLION.  Full Article

CoreCivic Posts Q1 FFO Per Share Of $0.51
Thursday, 7 May 2020 

May 6 (Reuters) - CoreCivic Inc ::CORECIVIC REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 ADJUSTED FFO PER SHARE $0.54.Q1 FFO PER SHARE $0.51.Q1 REVENUE $491.1 MILLION.  Full Article

Corecivic Withdraws Full Year 2020 Financial Guidance
Thursday, 2 Apr 2020 

April 1 (Reuters) - CoreCivic Inc ::CORECIVIC WITHDRAWS FULL YEAR 2020 FINANCIAL GUIDANCE.CORECIVIC INC - CONFIRMING ITS Q1 2020 FINANCIAL GUIDANCE.CORECIVIC INC - CURRENTLY HAS NO MATERIAL CAPITAL COMMITMENTS FOR NEW DEVELOPMENT OR EXPANSION AS OF MARCH 31, 2020.CORECIVIC INC - AS OF MARCH 31, CO HAS ABOUT $325 MILLION OF AVAILABLE CASH ON HAND, $150 MILLION OF AVAILABILITY ON CO'S $800 MILLION REVOLVING CREDIT FACILITY.  Full Article

Corecivic Reports Fourth Quarter And Full Year 2019 Financial Results
Thursday, 13 Feb 2020 

Feb 12 (Reuters) - CoreCivic Inc ::CORECIVIC REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS.Q4 ADJUSTED FFO PER SHARE $0.59.Q4 FFO PER SHARE $0.58.SEES Q1 2020 DILUTED EPS $0.23 TO $0.27.SEES Q1 2020 ADJUSTED EPS PER DILUTED SHARE $0.26 TO $0.29.SEES Q1 2020 FFO PER DILUTED SHARE $0.46 TO $0.50.SEES Q1 2020 NORMALIZED FFO PER DILUTED SHARE $0.49 TO $0.53.SEES FY 2020 DILUTED EPS $1.34 TO $1.43.SEES FY 2020 ADJUSTED EPS PER DILUTED SHARE $1.38 TO $1.47.SEES FY 2020 FFO PER DILUTED SHARE $2.26 TO $2.36.SEES FY 2020 NORMALIZED FFO PER DILUTED SHARE $2.30 TO $2.40.  Full Article

CoreCivic Posts Q3 FFP Per Share Of $0.64
Thursday, 7 Nov 2019 

Nov 6 (Reuters) - CoreCivic Inc ::CORECIVIC REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS.Q3 ADJUSTED FFO PER SHARE $0.70.Q3 FFO PER SHARE $0.64.Q3 REVENUE ROSE 10 PERCENT TO $508.5 MILLION.QTRLY NORMALIZED FFO PER DILUTED SHARE OF $0.70.SEES FY DILUTED EPS $1.61 TO $1.65.SEES FY ADJUSTED EPS PER DILUTED SHARE $1.74 TO $1.78.SEES FY FFO PER DILUTED SHARE $2.54 TO $2.58.DURING 2019, WE EXPECT TO INVEST APPROXIMATELY $183.8 MILLION TO $188.3 MILLION IN CAPITAL EXPENDITURES.SEES FY 2019 NORMALIZED FFO PER DILUTED SHARE $2.64 TO $2.68.  Full Article

Corecivic Enters Into New Management Contract At The Adams County Correctional Center
Tuesday, 3 Sep 2019 

Sept 3 (Reuters) - CoreCivic Inc ::CORECIVIC ENTERS INTO NEW MANAGEMENT CONTRACT AT THE ADAMS COUNTY CORRECTIONAL CENTER.CORECIVIC - NEW MANAGEMENT CONTRACT COMMENCED ON AUGUST 29, 2019, HAS INITIAL TERM OF 60 MONTHS, WITH UNLIMITED EXTENSION OPTIONS ON MUTUAL AGREEMENT.CORECIVIC INC - NEW CONTRACT IS EXPECTED TO GENERATE APPROXIMATELY $50 MILLION TO $60 MILLION IN ANNUALIZED REVENUE.  Full Article

Corecivic Reports Q2 FFO Per Share Of $0.66
Tuesday, 6 Aug 2019 

Aug 5 (Reuters) - CoreCivic Inc ::CORECIVIC REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 FFO PER SHARE $0.66.Q2 ADJUSTED FFO PER SHARE $0.69.Q2 REVENUE $490.3 MILLION.SEES Q3 2019 DILUTED EPS OF $0.33 TO $0.35.SEES Q3 2019 ADJUSTED EPS PER DILUTED SHARE OF $0.37 TO $0.39.SEES Q3 2019 FFO PER DILUTED SHARE OF $0.56 TO $0.57.SEES Q3 2019 NORMALIZED FFO PER DILUTED SHARE OF $0.60 TO $0.62.SEES FY 2019 DILUTED EPS OF $1.56 TO $1.60.SEES FY 2019 ADJUSTED EPS PER DILUTED SHARE OF $1.68 TO $1.72.SEES FY 2019 FFO PER DILUTED SHARE OF $2.50 TO $2.54.SEES FY 2019 NORMALIZED FFO PER DILUTED SHARE OF $2.58 TO $2.62.DURING 2019, EXPECT TO INVEST APPROXIMATELY $187.3 MILLION TO $197.3 MILLION IN CAPITAL EXPENDITURES.  Full Article