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2 High-Dividend REITs Yielding Over 8%, With Higher Guidance, No K-1s

Published Sat, 11 May 2019 09:15:00 -0400 on Seeking Alpha

This article deals with a powder keg subject - prisons, more precisely, US prisons. Regardless of which side of the argument one takes, sadly, society still needs prisons, and probably always will. If you're OK with the idea of investing in them, please read on.
The two biggest publicly-traded US prison operators are CoreCivic, (CXW) and The GEO Group (GEO), which are both REITs. CXW focuses on US properties only, while GEO also has a bit of overseas exposure.
CXW operates with three segments - its traditional Safety segment, which holds the lion's share of its properties; its Properties segment, which develops properties, such as a 400,00 square foot correctional facility under construction leased to the Kansas Department of Corrections, and its Community segment, which has grown to become the second-largest community corrections provider in the US. It's the nation's largest owner of partnership correctional, detention and residential reentry facilities.
The company also offers various rehabilitation and educational programs, including basic education, religious services, life skills and employment training, and substance abuse treatment, as well as food services, work and recreational programs, and healthcare services, such as medical, dental, and mental health services. In addition, it leases its facilities to third-party operators.
In addition to its US operations, GEO has four facilities in Australia, one in the UK, and one in South Africa.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GEO GROUP 18.35   14.1 1.30 1.92 10.56
CORECIVIC 18.06   12.0 1.51 1.76 9.83


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