Corrections Corp of America (CoreCivic) | REIT Profile

Symbol: CXW
CIK: 1070985
Exchange: NYSE
Founded: 1983 (39 years)
HQ: Nashville, TN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Specialty

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See CXW on SEC.gov

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Overall Score: 5.7

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Corrections Corp of America (CoreCivic) Company Logo

Stock Chart

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Hightlights of Trading Day January 14, 2022


Open Price: $10.68
Closing Price: $10.95
Price Change: 0.15 (1.389%)
Lowest Price: $10.63
Highest Price: $10.99

52-Week Low: $5.92
52-Week High: $12.35
52-Week Change: 52.11%

5 Day Price Change: 8.22%
1 Month Price Change: 15.88%
3 Month Price Change: 13.80%
6 Month Price Change: 6.61%
YTD Price Change: 8.33%
1 Year Price Change: 57.21%
2 Year Price Change: -29.39%
5 Year Price Change: -47.62%

Dividend of Trading Day January 14, 2022 [Dividends Currently Suspended]


Dividend Yield: 16.073%*
Annualized Dividend: $1.76*
Dividend Yield (TTM): N/A
Annualized Dividend (TTM): N/A
Ex-Dividend Date: N/A
Dividend Frequency: Quarterly

REITBOT™ Alert
Dividends have been suspended for this REIT.


*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Corrections Corp of America (CoreCivic)

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: $455,544,000
Current Debt: $387,363,000
Revenue: $1,863,960,000
Gross Profit: $1,863,960,000
Total Revenue: $1,863,960,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $392,218,000
Revenue Per Share: $16
Revenue Per Employee: $132,431
Employee: 12,415
Debt to Equity Ratio (D/E): 2.70
Profit Margin: -0.06%
Enterprise Value (EV): $2,463,579,462
Enterprise Value to Revenue (EV/R): 1.32
Price to Sales (P/S): 0.70
Price to Book (P/B): 0.97
Price/Earnings-to-Growth (PEG) Ratio: 0.07
P/E Ratio: -12.48
P/E High: -6.75
P/E Low: -13.65
Forward P/E Ratio: 12.13
Market Capitalization: $1,317,118,177
Beta: 0.21
Latest Volume: 474,627
Avg. Total Volume: 774,196
Avg. 10-Day Volume: 707,250
Avg. 30-Day Volume: 774,196
TTM EPS: -0.88
Shares Outstanding: 120,284,765
Float: N/A
50-Day Moving Avg.: $10.21
200-Day Moving Avg.: $9.88

Latest REIT Community Comments on #CXW


See more community comments related to CXW

Properties Owned by CXW


Properties Based on REIT's Official Presentation

Properties Types States Countries
129 1 23 1

Please visit REIT’s official webpage for the most up-to-date property list.

CXW Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



REITBOT
REITBOT™ Alert
The 2021-Q1 occupancy rate for this REIT seems low, make sure to compare it to other REITs in the same industry.

Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $15.09 per share you would have been able to buy 66 shares of CXW on 2021-01-16 costing $995.94 @ $15.09 per share you would have been able to buy 33 shares of CXW on 2021-01-16 costing $497.97 @ $15.09 per share you would have been able to buy 16 shares of CXW on 2021-01-16 costing $241.44 @ $15.09 per share you would have been able to buy 6 shares of CXW on 2021-01-16 costing $90.54 @ $15.09 per share you would have been able to buy 3 shares of CXW on 2021-01-16 costing $45.27
Current worth On 2022-01-14 these 66 shares would be worth $722.70 @ $10.95 On 2022-01-14 these 33 shares would be worth $361.35 @ $10.95 On 2022-01-14 these 16 shares would be worth $175.20 @ $10.95 On 2022-01-14 these 6 shares would be worth $65.70 @ $10.95 On 2022-01-14 these 3 shares would be worth $32.85 @ $10.95
Dividends earned $0.00 in dividends would have been earned since 2021-01-16 with 66 shares. $0 in dividends would have been earned since 2021-01-16 with 33 shares. $0.00 in dividends would have been earned since 2021-01-16 with 16 shares. $0.00 in dividends would have been earned since 2021-01-16 with 6 shares. $0.00 in dividends would have been earned since 2021-01-16 with 33 shares.
Net (gain / loss)* -273.24 USD -136.62 USD -66.24 USD -24.84 USD -12.42 USD
ROI** -27.44% -27.44% -27.44% -27.44% -27.44%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by CXW. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
CXW 2020-03-31 0.440 --- 2020-02-20 2020-04-01 2020-04-15
CXW 2020-01-03 0.440 --- 2019-12-12 2020-01-06 2020-01-15
CXW 2019-09-30 0.440 --- 2019-08-15 2019-10-01 2019-10-15
CXW 2019-06-28 0.440 --- 2019-05-16 2019-07-01 2019-07-16
CXW 2019-03-29 0.440 2.33% 2019-02-21 2019-04-01 2019-04-15
CXW 2018-12-31 0.430 --- 2018-12-13 2019-01-02 2019-01-15
CXW 2018-09-28 0.430 --- 2018-08-16 2018-10-01 2018-10-15
CXW 2018-06-29 0.430 --- 2018-05-11 2018-07-02 2018-07-16
CXW 2018-03-29 0.430 2.38% 2018-02-22 2018-04-02 2018-04-16
CXW 2017-12-29 0.420 --- 2017-12-07 2018-01-02 2018-01-15
CXW 2017-09-29 0.420 --- 2017-08-10 2017-10-02 2017-10-16
CXW 2017-06-29 0.420 --- 2017-05-11 2017-07-03 2017-07-17
CXW 2017-03-30 0.420 --- 2017-02-17 2017-04-03 2017-04-17
CXW 2016-12-29 0.420 -22.22% 2016-12-08 2017-01-03 2017-01-13
CXW 2016-09-29 0.540 --- 2016-08-11 2016-10-03 2016-10-17
CXW 2016-06-29 0.540 --- 2016-05-13 2016-07-01 2016-07-15
CXW 2016-03-30 0.540 --- 2016-02-19 2016-04-01 2016-04-15
CXW 2015-12-30 0.540 --- 2015-12-10 2016-01-04 2016-01-15
CXW 2015-09-30 0.540 --- 2015-08-13 2015-10-02 2015-10-15
CXW 2015-06-30 0.540 --- 2015-05-14 2015-07-02 2015-07-15

Financial Statements Overview


The next Earnings Report for CXW is 2022-02-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 455,544,000 162,891,000 168,141,000 113,219,000
Receivables 228,889,000 282,227,000 259,620,000 267,705,000
Inventory 0 0 0 0
Current Assets 729,442,000 491,249,000 753,378,000 717,122,000
Current Assets (Other) 33,875,000 37,267,000 27,681,000 33,243,000
Short Term Investments 33,875,000 37,267,000 27,681,000 33,243,000
Long-term Investments 2,892,535,000 2,932,947,000 2,960,426,000 2,992,193,000
Property, Plant & Equipment Net 2,295,570,000 2,318,161,000 2,333,340,000 2,350,272,000
Goodwill 4,844,000 4,844,000 5,902,000 5,902,000
Intangible Assets 0 0 0 10,720,000
Other Assets 371,388,000 386,649,000 395,843,000 176,923,000
Net Tangible Assets 1,334,514,000 1,282,115,000 1,261,062,000 1,373,549,000
Total Assets 3,621,977,000 3,424,196,000 3,713,804,000 3,709,315,000
Accounts Payable 0 0 0 85,359,000
Liabilities (Other) 226,157,000 230,747,000 233,690,000 70,725,000
Current Liabilities (Other) 353,678,000 284,604,000 346,494,000 184,559,000
Total Current Liabilities 387,363,000 316,603,000 385,408,000 313,405,000
Current Long-term Debt 33,685,000 31,999,000 38,914,000 43,487,000
Long-term Debt 1,586,363,000 1,480,293,000 1,719,115,000 1,755,172,000
Total Liabilities 2,282,619,000 2,137,237,000 2,446,840,000 2,319,144,000
Minority Interest 0 23,271,000 23,271,000 23,271,000
Common Stock 120,285,000 120,283,000 119,909,000 119,638,000
Retained Earnings -526,706,000 -556,639,000 -572,305,000 -446,519,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,339,358,000 1,286,959,000 1,266,964,000 1,390,171,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 471,194,000 464,571,000 454,718,000 473,477,000
Cost of Revenue 0 0 0 0
Gross Profit 471,194,000 464,571,000 454,718,000 473,477,000
Research and Development 0 0 0 0
Selling General and Admin 34,600,000 33,228,000 29,530,000 27,031,000
Operating Expense 406,783,000 400,382,000 395,126,000 406,663,000
Operating Income 64,411,000 64,189,000 59,592,000 66,814,000
Income Expense Net (Other) 0 0 0 0
EBIT 64,411,000 64,189,000 59,592,000 66,814,000
Interest Income 20,653,000 23,222,000 18,428,000 19,572,000
Pretax Income 38,630,000 22,142,000 -12,037,000 -25,600,000
Income Tax 8,618,000 6,519,000 113,531,000 1,203,000
Minority Interest 0 0 0 0
Net Income 30,012,000 15,623,000 -125,568,000 -26,803,000
Net Income Basic 30,012,000 15,623,000 -125,568,000 -26,803,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 30,012,000 15,623,000 -125,568,000 -26,803,000
Depreciation 33,991,000 34,084,000 32,712,000 150,861,000
Changes in Receivables 228,889,000 282,227,000 259,620,000 267,705,000
Changes in Inventories 0 0 0 0
Cash Change 455,544,000 162,891,000 168,141,000 113,219,000
Cash Flow 201,815,000 -17,270,000 99,596,000 74,017,000
Capital Expenditures -19,601,000 -17,157,000 -16,222,000 -83,787,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -12,049,000 303,931,000 -17,359,000 50,422,000
Dividends Paid 0 0 0 0
Net Borrowings 1,130,629,000 1,312,134,000 1,562,207,000 1,652,197,000
Cash Flow Financing 105,157,000 -299,460,000 -34,451,000 -307,296,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Corrections Corp of America (CoreCivic)


CCA founded the private corrections management industry three decades ago, establishing industry standards for future-focused, forward-thinking correctional solutions. A commitment to innovation, efficiency, cost effectiveness and achievement has made the company the partnership corrections provider of choice for federal, state and local agencies since 1983.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
6 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 7.7
5 Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
5 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
6 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
1 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
9 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
5.7 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this CXW. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Adams County Correctional Center Correctional Facility 20 Hobo Fork Road Natchez MS
Adams Transitional Center Correctional Facility 1450 E. 62nd Ave. Denver CO
Arapahoe Community Treatment Center Correctional Facility 3265 Girard Ave Englewood CO

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Last updated: 2022-01-16 - v2.8