CoreCivic Inc., a diversified government-solutions company, has reported its financial results for the first quarter of 2025. The company achieved revenues of $488.6 million, with a net income of $25.1 million and Adjusted EBITDA of $81.0 million. CoreCivic, which owns and manages 15.7 million square feet of real estate primarily used by government entities, continues to leverage its position as the largest private owner of correctional real estate. The company's longstanding relationships with government partners and its focus on rehabilitation and reentry programs underpin its strategic objectives. CoreCivic has maintained a strong average retention rate of approximately 97% since 2021, reflecting its reliable service to government clients. The executive management team's extensive experience and commitment to excellence contribute to the company's steady performance and its focus on benefiting the public good through improved conditions and support for justice-involved persons.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.