The GEO Group Announces Contract for Company-Owned 1,800-Bed North Lake Facility in Michigan
Geo Group Inc (The) REIT (GEO)
Last geo group inc (the) reit earnings: 4/30 06:55 am
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Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that the Company has entered into a contract with U.S. Immigration and Customs Enforcement (“ICE”) for the immediate activation of a federal immigration processing center at the GEO-owned, 1,800-bed North Lake Facility (the “Facility”) in Baldwin, Michigan.Within a few months, GEO and ICE expect to finalize a long-term contract. GEO expects to provide support services for ICE at the Facility under a multi-year contract that would be expected to generate in excess of $70 million in annualized revenues in the first full year of operations, with margins consistent with GEO’s company-owned Secure Services facilities. GEO’s support services are expected to include the exclusive use of the Facility by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.George C. Zoley, Executive Chairman of GEO, sai
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News
- Bulgarian citizen dies in custody of ICE while held at West Michigan facility, authorities say [CBS News]CBS News
- How the Narrative Surrounding GEO Group Is Shifting After New Contracts and Outlook Updates [Yahoo! Finance]Yahoo! Finance
- Geo Group (NYSE:GEO) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- The Bullish Case Building Around The GEO Group, Inc. (GEO) [Yahoo! Finance]Yahoo! Finance
- JonesResearch Targets $3B in Annualized Revenue for The GEO Group (GEO) by 2026, Driven by Contracts, Monitoring [Yahoo! Finance]Yahoo! Finance
GEO
Earnings
- 11/6/25 - Beat
GEO
Sec Filings
- 12/8/25 - Form 8-K
- 11/18/25 - Form 8-K
- 11/6/25 - Form 10-Q
- GEO's page on the SEC website