Company is the largest private owner of real estate used by government agencies in the United States
According to its latest 10K report, CoreCivic is the largest private owner of real estate used by government agencies in the United States. As of December 31, 2021, the company owned, or controlled via a long-term lease, approximately 15.1 million square feet of real estate, all used directly or indirectly by government agencies, which it believes makes the company the largest private owner of real estate used by government agencies in the U.S. CoreCivic’s complementary set of business assets provide critical infrastructure and services under contracts with federal, state, and local government agencies that generally have credit ratings of single-A or better, which also contributes to its steady, predictable cash flows.
COVID|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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