CoreCivic Files 2024 10-K, Details Lease Expirations
Ticker: CXW · Form: 10-K · Filed: Feb 21, 2025 · CIK: 1070985
| Field | Detail |
|---|---|
| Company | Corecivic, INC. (CXW) |
| Form Type | 10-K |
| Filed Date | Feb 21, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, government-contracts, lease-obligations
TL;DR
CoreCivic's 2024 10-K is in. Leases run through 2040. Watch for facility renewals.
AI Summary
CoreCivic, Inc. filed its 2024 10-K on February 21, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly known as Corrections Corp of America, operates in the real estate investment trusts sector. Key dates mentioned include lease expirations in October 2028 and January 2040, and financial reporting periods for 2023 and 2024.
Why It Matters
This filing provides investors with a comprehensive overview of CoreCivic's financial health, operational performance, and future commitments, including significant lease obligations extending to 2040.
Risk Assessment
Risk Level: medium — The company operates in a highly regulated industry with significant government contract concentration, posing inherent risks.
Key Numbers
- 2024 — Fiscal Year End (Reporting period for the 10-K)
- 2023 — Fiscal Year End (Prior year reporting period)
- 2040-01-31 — Lease Expiration (Longest term lease mentioned)
Key Players & Entities
- CoreCivic, Inc. (company) — Filer
- Corrections Corp of America (company) — Former company name
- PRISON REALTY TRUST INC (company) — Former company name
- PRISON REALTY CORP (company) — Former company name
- October 31, 2028 (date) — Lease expiration
- January 31, 2040 (date) — Lease expiration
- 2024-12-31 (date) — Fiscal year end
- 2023-12-31 (date) — Fiscal year end
FAQ
What is the primary business of CoreCivic, Inc.?
CoreCivic, Inc. is identified as a Real Estate Investment Trust (SIC code 6798) and has a history as a corrections corporation.
When is the fiscal year end for CoreCivic, Inc.?
The fiscal year end for CoreCivic, Inc. is December 31st, as indicated by the 20241231 and 2023-12-31 dates.
What are some significant lease expiration dates mentioned in the filing?
Significant lease expiration dates include October 31, 2028, and January 31, 2040.
What was CoreCivic, Inc. formerly known as?
CoreCivic, Inc. was formerly known as Corrections Corp of America, Prison Realty Trust Inc, and Prison Realty Corp.
What is the filing date of this 10-K report?
This 10-K report was filed on February 21, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 21, 2025 regarding CoreCivic, Inc. (CXW).