Monday, March 16, 2020

CoreCivic (CXW)

Research Initiation-CoreCivic, Inc.: Leading Provider of Mission Critical Real Estate to Government

CoreCivic Inc through its subsidiaries operates as a diversified Corrections Corporation of America, or CCA is a real estate investment trust involved in the ownership and operation of private prisons. CCA mainly controls medium-security correctional and detention facilities located throughout the U.S. The company derives the vast majority of its income in the form of management revenue from medium-term contracts. CCA is compensated on a per diem rate based on the bed capacity and range of services offered at its facilities. Total revenue for the company is split fairly evenly between contracts with federal agencies, such as the Federal Bureau of Prisons and US Marshals Service, and state entities, such as the State of California Department of Corrections and Rehabilitation.

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

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

Leading Provider of Mission Critical Real Estate. Through its three segments, CoreCivic is a leading provider of mission critical real estate to its governmental partners. The Company is the leading provider of private correctional facilities, controlling 58% of all privately-owned beds, is the second leading provider of residential reentry facilities, and provides mission specific real estate to other government agencies.




Significant Growth Opportunities.  CoreCivic enjoys significant growth opportunities across its three business segments. Current excess capacity could result 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.