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home / news releases / GEO - GEO Group: Debt Refinancing Presents Value And Income Opportunity

GEO - GEO Group: Debt Refinancing Presents Value And Income Opportunity

Geo Group Inc REIT

2024-05-20 04:18:18 ET

Summary

  • GEO Group eliminated its dividend and switched from a REIT to a C-Corp after heavy debt threatened profitability.
  • GEO Group's first quarter earnings showed a drop in operating income, but strong free cash flow allowed for debt reduction.
  • The company's debt refinancing provides the flexibility to consider returning capital to shareholders through share buybacks or dividends.

For further details see:

GEO Group: Debt Refinancing Presents Value And Income Opportunity
Stock Information
Company Name: Geo Group Inc REIT
Stock Symbol: GEO
Market: NYSE
Website: geogroup.com
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