New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 6, 2012
16:25 EDTGEOGeo Group sees FY13 adjusted FFO as REIT $200M-$210M
As a REIT, GEO would expect to generate $320M to $330M in 2013 adjusted EBITDA; $215M to $225M in 2013 FFO; $200M to $210M in 2013 adjusted FFO, and $130M to $140M in 2013 pre-tax income. This financial performance would allow GEO to pay an estimated annual REIT dividend in 2013 of approximately $2.20 to $2.40 per share of common stock based on GEO's current outstanding share count of 61.6M. GEO will provide further financial guidance for 2013 in its Q4 earnings announcement. GEO expects to incur $15M to $20M in one-time REIT conversion costs/charges, including costs associated with modifying existing bank debt agreements. Approximately $10M to $15M of the one-time REIT-related costs/charges will be incurred in Q4, and the balance will be incurred in the 1Q13. The one-time REIT conversion related costs/charges will be offset by the elimination of certain net deferred tax liabilities in Q4 resulting in a positive adjustment to earnings of $90M to $110M. GEO expects to incur an additional $3M to $5M in annual compliance expenses going forward.
News For GEO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 14, 2014
07:46 EDTGEOJacobs on team to deliver Ravenhall Prison project in Melbourne, Australia
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use