Company description

GEO Group Inc. (ticker: GEO) is a real estate investment trust (REIT) that specializes in the ownership, lease, and management of correctional, detention, and mental health facilities. Founded in 1984, the company operates in the United States, Australia, South Africa, and the United Kingdom, providing services to nearly 104,000 beds in 124 facilities. GEO's business model is based on long-term contracts with government agencies, making it a stable and profitable company. In addition to its core corrections and detention operations, GEO also offers evidence-based treatment programs, reentry services, and community-based residential services. The company has a strong commitment to corporate social responsibility, with a focus on promoting education, job training, and rehabilitation programs for inmates. With its strong financial performance, GEO continues to expand and diversify its business, including recent investments in the electronic monitoring and immigration detention markets. Despite facing some controversies and criticism, GEO remains a leader in the industry and continues to provide valuable services to government agencies and communities.