CoreCivic Inc (CXW)

CoreCivic Inc is a US company that operates private prisons and detention centers. It has three divisions: Safety, Community, and Properties. The Safety division manages nearly 50 facilities, most of which are owned by CoreCivic. The Community division operates almost 30 centers for residential reentry. The Properties division leases about 15 properties to government agencies and other third parties. The main source of the company’s income is the Safety segment, which serves government agencies at the federal, state, and local levels. Commercial contracts usually run for 3-5 years and have the chance for multiple renewals. CoreCivic was formerly a Real Estate Investment Trust but was changed to a taxable C Corporation in January 2021.

CoreCivic provides comprehensive solutions to its government partners. It operates high-quality corrections and detention management services, cost-saving real estate solutions, and a range of alternatives to incarceration that help reduce recidivism rates in America. It is the largest owner of partnership correctional and detention facilities in the country, as well as the biggest private owner of real estate used by US government agencies. CoreCivic has been working with the government for four decades, and its staff is passionate about providing professional services to help better the public good.

The company is committed to providing a safe environment while providing excellent customer service. CoreCivic offers public quality services, cost-effective solutions, and innovative approaches to criminal justice that result in positive outcomes for all involved. Through its commitment to excellence and ongoing dedication to improvement, CoreCivic Inc has earned an outstanding reputation as a trusted and reliable partner for government agencies.

CoreCivic Inc strives to be a leader in providing innovative solutions that improve the quality of life for people in communities throughout the country. With its commitment to excellence, CoreCivic Inc provides superior services and customer satisfaction while delivering cost-effective solutions for criminal justice reform. The company consistently works to improve and enhance its services through new technologies, personnel training, and sustainable practices. Thanks to its dedication, CoreCivic Inc has become one of the leading providers of correctional facilities management and real estate solutions for government agencies.

By leveraging its decades of experience and expertise in corrections, detention, residential reentry, and real estate services, CoreCivic Inc is uniquely positioned to offer cost-saving solutions and progressive alternatives that benefit the public. As a leader in correctional facility management and real estate services, CoreCivic Inc is committed to helping government agencies achieve their goals for public safety and criminal justice reform.

In short, CoreCivic Inc is dedicated to providing high-quality services and cost-saving solutions for government agencies, while ensuring safety and security. Through decades of experience and commitment to excellence, CoreCivic Inc has built a reputation as a reliable partner for government agencies, delivering quality services through innovative solutions and progressive alternatives that result in positive outcomes for all involved.

Stock: CXW | USA | Specialty