Geo Group: 4Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ Geo Group Inc. (GEO) on Wednesday reported a key measure of profitability in its fourth quarter.
The Boca Raton, Florida-based real estate investment trust said it had funds from operations of $79.1 million, or 66 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $38.1 million, or 32 cents per share.
The private prison operator, based in Boca Raton, Florida, posted revenue of $621.7 million in the period.
For the year, the company reported funds from operations of $328.4 million. Revenue was reported as $2.48 billion.
Geo Group expects full-year funds from operations in the range of $2.57 to $2.67 per share, with revenue expected to be $2.48 billion.
The company's shares have increased almost 5% since the beginning of the year. The stock has decreased 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEO at https://www.zacks.com/ap/GEO
