CoreCivic Inc. Reports Strong Q1 2025 Financial Performance

In a significant update to investors, CoreCivic, Inc., a leading American company specializing in detention and correctional services, has reported robust financial results for the first quarter of 2025. The company, which operates across the United States providing a range of services including the design, construction, management, and renovation of correctional facilities, has demonstrated a notable improvement in its financial metrics, prompting an upward revision of its full-year outlook.

For the first quarter of 2025, CoreCivic reported a net income of $25.1 million, or $0.23 per share, marking a substantial increase from the $9.5 million, or $0.08 per share, reported in the same period last year. This improvement is attributed to the exclusion of prior year expenses related to debt repayments and refinancing transactions, which amounted to $27.2 million. When adjusted for these special items, the adjusted net income for the first quarter of 2024 was $27.9 million, or $0.25 per share.

The company’s Funds From Operations (FFO), a key metric for real estate investment trusts (REITs) like CoreCivic, also saw a significant rise. FFO for the first quarter was reported at $49.7 million, or $0.45 per share, compared to $33.9 million, or $0.30 per share, in the first quarter of 2024. Excluding special items, the normalized FFO was $52.6 million, or $0.46 per share, in the first quarter of 2024.

Looking ahead, CoreCivic has revised its full-year 2025 expectations, reflecting confidence in its operational and financial trajectory. The company now anticipates an Earnings Per Share (EPS) range of $0.83 to $0.92 and FFO per share of $1.72 to $1.82. This represents a significant upward revision from its previous expectations of EPS ranging from $0.48 to $0.61 and FFO per share of $1.37 to $1.50.

As of the close of trading on May 6, 2025, CoreCivic’s stock was priced at $22.6, with a 52-week high of $24.99 and a low of $10.74. The company’s market capitalization stands at approximately $2.49 billion, with a Price to Earnings (P/E) ratio of 36.62.

This positive financial performance and the optimistic outlook for the remainder of 2025 underscore CoreCivic’s strategic positioning within the diversified REITs sector and its commitment to delivering value to its stakeholders. As the company continues to navigate the complexities of the correctional services industry, its focus on operational efficiency and financial discipline is expected to drive further growth and profitability.

For more information on CoreCivic, Inc., visit their website at www.cca.com . The company is listed on the New York Stock Exchange, reflecting its status as a significant player in the industrials sector, particularly within the diversified REITs industry.