168Sleep
2021-03-23
need 1 like thx
This High-Yield Dividend Stock Might Be in Trouble<blockquote>这只高收益股息股票可能遇到麻烦了</blockquote>
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The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.</p><p><blockquote>房地产投资信托基金(REITs)以其高收益股息而闻名,并且<b>GEO集团</b>(纽约证券交易所股票代码:GEO)也不例外。该公司在美国、澳大利亚、非洲和英国拥有并管理 123 个私人家庭安全设施和矫正后住宅设施,共有 93,000 个床位,提供每股 1 美元的年化股息。按照该公司目前的股价计算,其收益率约为 12.6%。</blockquote></p><p> That might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.</p><p><blockquote>这听起来可能很棒……直到你发现为什么收益率这么高。GEO Group 的股价去年下跌了 32% 以上,因此尽管今年和去年削减了派息,但收益率仍然很高。我并不那么担心 GEO 股息的安全性,但该公司似乎是一个典型的股息陷阱,因为其收入呈下降趋势。</blockquote></p><p> <b>The hits keep on coming</b></p><p><blockquote><b>热门歌曲不断出现</b></blockquote></p><p> Last year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.</p><p><blockquote>去年对于经营私营监狱的公司来说是艰难的一年。新冠肺炎疫情意味着额外的成本,使监狱和移民拘留中心对工人、囚犯和被拘留者更安全。这也导致了囚犯人数的下降。</blockquote></p><p> According to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.</p><p><blockquote>根据马歇尔项目,美国被监禁的人数从3月份的130万下降到6月份的120万。为了避免将冠状病毒带入人群,监狱停止接收新囚犯。法院关闭意味着被判刑的人越来越少,假释官也不那么积极,因违反假释规定而被送回监狱的人也越来越少。</blockquote></p><p> On top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.</p><p><blockquote>最重要的是,随着华盛顿政府的更迭,这不是私人监狱行业的最佳时机。1月26日,拜登总统签署了一项行政命令,指示司法部不再与私人监狱运营商续签合同。</blockquote></p><p> The order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.</p><p><blockquote>该命令适用于任何与监狱局和美国法警局有关的私人设施。它还不适用于所有机构。例如,移民和海关执法局与包括GEO集团在内的私营公司签订了拘留无证移民的合同。</blockquote></p><p> Looking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.</p><p><blockquote>看看该公司最近的投资者演示,很容易看出拜登政策的最终结果可能是 GEO Group 的收入减少 27%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8ccfe516df8184f834d5e735cc660d07\" tg-width=\"700\" tg-height=\"415\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: THE GEO GROUP</p><p><blockquote>图片来源:GEO GROUP</blockquote></p><p> Even before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.</p><p><blockquote>甚至在行政命令发布之前,监狱局就选择不再与三个GEO设施续签合同;这些合同将于本季度到期。该公司表示,其剩余的监狱局合同也可能不会在到期时续签。</blockquote></p><p> In March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.</p><p><blockquote>今年 3 月,GEO 获悉,法警署将不再续签该公司位于纽约的拥有 222 个床位的皇后区拘留设施的合同。该公司表示,该设施每年产生 1900 万美元的收入。</blockquote></p><p> <b>The dividend may be safe, but the share price not so much</b></p><p><blockquote><b>股息可能很安全,但股价就没那么安全了</b></blockquote></p><p> You have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.</p><p><blockquote>你必须称赞 GEO 做了明智的事情,去年将其季度股息削减了 29.2% 至每股 34 美分,今年又削减了 26.5% 至每股 25 美分。</blockquote></p><p> While the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.</p><p><blockquote>虽然削减令人担忧,但该公司今年预期的调整后运营资金 (FFO) 似乎很好地覆盖了股息,管理层表示,该资金应在每股 1.98 美元至 2.08 美元之间。</blockquote></p><p> The company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.</p><p><blockquote>该公司2020年的收入为23.5亿美元,低于2019年的24.7亿美元,净利润为1.13亿美元,低于上一年的1.66亿美元。第四季度,其营收为5.781亿美元,同比下降7%。这也是营收连续第四个季度下降。</blockquote></p><p> REITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.</p><p><blockquote>房地产投资信托基金最好根据其 FFO 进行分析,GEO Group 的这些指标也有所下降。该公司报告年度正常化 FFO 为 2.293 亿美元,低于 2019 年的 2.607 亿美元;调整后 FFO 为 3.006 亿美元,而 2019 年为 3.284 亿美元。GEO去年调整后的FFO处于2016年以来的最低水平。</blockquote></p><p> <b>GEO Group is fighting against trends</b></p><p><blockquote><b>GEO Group 正在对抗趋势</b></blockquote></p><p> Unlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.</p><p><blockquote>与一些在全球大流行期间因租户难以支付租金而受到不利影响的房地产投资信托基金不同,GEO的客户是总是按时支付租金的政府机构。</blockquote></p><p> The difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.</p><p><blockquote>GEO面临的困难是,其设施中的囚犯人数一直在下降,而且这一趋势似乎可能会继续下去。这意味着收入减少,这对投资者来说意味着该股股价可能会继续下跌,也增加了公司进一步削减股息的可能性。</blockquote></p><p> To some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.</p><p><blockquote>在某种程度上,未来收入下降可能已经反映在该股中,但作为一名投资者,我认为 GEO Group 不会很快出现上涨空间。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This High-Yield Dividend Stock Might Be in Trouble<blockquote>这只高收益股息股票可能遇到麻烦了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis High-Yield Dividend Stock Might Be in Trouble<blockquote>这只高收益股息股票可能遇到麻烦了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">fool</strong><span class=\"h-time small\">2021-03-23 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Real estate investment trusts (REITs) are known for their high-yield dividends, and<b>The GEO Group</b>(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.</p><p><blockquote>房地产投资信托基金(REITs)以其高收益股息而闻名,并且<b>GEO集团</b>(纽约证券交易所股票代码:GEO)也不例外。该公司在美国、澳大利亚、非洲和英国拥有并管理 123 个私人家庭安全设施和矫正后住宅设施,共有 93,000 个床位,提供每股 1 美元的年化股息。按照该公司目前的股价计算,其收益率约为 12.6%。</blockquote></p><p> That might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.</p><p><blockquote>这听起来可能很棒……直到你发现为什么收益率这么高。GEO Group 的股价去年下跌了 32% 以上,因此尽管今年和去年削减了派息,但收益率仍然很高。我并不那么担心 GEO 股息的安全性,但该公司似乎是一个典型的股息陷阱,因为其收入呈下降趋势。</blockquote></p><p> <b>The hits keep on coming</b></p><p><blockquote><b>热门歌曲不断出现</b></blockquote></p><p> Last year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.</p><p><blockquote>去年对于经营私营监狱的公司来说是艰难的一年。新冠肺炎疫情意味着额外的成本,使监狱和移民拘留中心对工人、囚犯和被拘留者更安全。这也导致了囚犯人数的下降。</blockquote></p><p> According to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.</p><p><blockquote>根据马歇尔项目,美国被监禁的人数从3月份的130万下降到6月份的120万。为了避免将冠状病毒带入人群,监狱停止接收新囚犯。法院关闭意味着被判刑的人越来越少,假释官也不那么积极,因违反假释规定而被送回监狱的人也越来越少。</blockquote></p><p> On top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.</p><p><blockquote>最重要的是,随着华盛顿政府的更迭,这不是私人监狱行业的最佳时机。1月26日,拜登总统签署了一项行政命令,指示司法部不再与私人监狱运营商续签合同。</blockquote></p><p> The order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.</p><p><blockquote>该命令适用于任何与监狱局和美国法警局有关的私人设施。它还不适用于所有机构。例如,移民和海关执法局与包括GEO集团在内的私营公司签订了拘留无证移民的合同。</blockquote></p><p> Looking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.</p><p><blockquote>看看该公司最近的投资者演示,很容易看出拜登政策的最终结果可能是 GEO Group 的收入减少 27%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8ccfe516df8184f834d5e735cc660d07\" tg-width=\"700\" tg-height=\"415\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> IMAGE SOURCE: THE GEO GROUP</p><p><blockquote>图片来源:GEO GROUP</blockquote></p><p> Even before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.</p><p><blockquote>甚至在行政命令发布之前,监狱局就选择不再与三个GEO设施续签合同;这些合同将于本季度到期。该公司表示,其剩余的监狱局合同也可能不会在到期时续签。</blockquote></p><p> In March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.</p><p><blockquote>今年 3 月,GEO 获悉,法警署将不再续签该公司位于纽约的拥有 222 个床位的皇后区拘留设施的合同。该公司表示,该设施每年产生 1900 万美元的收入。</blockquote></p><p> <b>The dividend may be safe, but the share price not so much</b></p><p><blockquote><b>股息可能很安全,但股价就没那么安全了</b></blockquote></p><p> You have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.</p><p><blockquote>你必须称赞 GEO 做了明智的事情,去年将其季度股息削减了 29.2% 至每股 34 美分,今年又削减了 26.5% 至每股 25 美分。</blockquote></p><p> While the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.</p><p><blockquote>虽然削减令人担忧,但该公司今年预期的调整后运营资金 (FFO) 似乎很好地覆盖了股息,管理层表示,该资金应在每股 1.98 美元至 2.08 美元之间。</blockquote></p><p> The company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.</p><p><blockquote>该公司2020年的收入为23.5亿美元,低于2019年的24.7亿美元,净利润为1.13亿美元,低于上一年的1.66亿美元。第四季度,其营收为5.781亿美元,同比下降7%。这也是营收连续第四个季度下降。</blockquote></p><p> REITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.</p><p><blockquote>房地产投资信托基金最好根据其 FFO 进行分析,GEO Group 的这些指标也有所下降。该公司报告年度正常化 FFO 为 2.293 亿美元,低于 2019 年的 2.607 亿美元;调整后 FFO 为 3.006 亿美元,而 2019 年为 3.284 亿美元。GEO去年调整后的FFO处于2016年以来的最低水平。</blockquote></p><p> <b>GEO Group is fighting against trends</b></p><p><blockquote><b>GEO Group 正在对抗趋势</b></blockquote></p><p> Unlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.</p><p><blockquote>与一些在全球大流行期间因租户难以支付租金而受到不利影响的房地产投资信托基金不同,GEO的客户是总是按时支付租金的政府机构。</blockquote></p><p> The difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.</p><p><blockquote>GEO面临的困难是,其设施中的囚犯人数一直在下降,而且这一趋势似乎可能会继续下去。这意味着收入减少,这对投资者来说意味着该股股价可能会继续下跌,也增加了公司进一步削减股息的可能性。</blockquote></p><p> To some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.</p><p><blockquote>在某种程度上,未来收入下降可能已经反映在该股中,但作为一名投资者,我认为 GEO Group 不会很快出现上涨空间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/\">fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/22/this-high-yield-dividend-stock-might-be-in-trouble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185868278","content_text":"Real estate investment trusts (REITs) are known for their high-yield dividends, andThe GEO Group(NYSE:GEO)is no exception. The company, which owns and manages 123 private domestic secure facilities and post-correctional residential facilities with 93,000 total beds in the United States, Australia, Africa, and the United Kingdom, offers a dividend with an annualized payout of $1 a share. At the company's current share price, that gives it a yield of around 12.6%.\nThat might sound great ... until you find out why the yield is so high. GEO Group's stock price has fallen by more than 32% in the last year, so despite payout cuts this year and last year, the yield remains high. I'm not that worried about the safety of GEO's dividend, but the company appears to be a classic dividend trap because its revenues are trending downward.\nThe hits keep on coming\nLast year was difficult for companies that operate private prisons. The COVID-19 pandemic meant extra costs to make prisons and immigrant detention centers safer for workers, inmates, and detainees. It also led to a drop in inmate populations.\nAccording to The Marshall Project, the number of people incarcerated in the U.S. fell from 1.3 million in March to 1.2 million by June. Prisons, in an effort to avoid bringing the coronavirus into their populations, stopped accepting new prisoners. Court closures meant fewer people were being sentenced, and parole officers were less active and sent fewer people back to prison for parole violations.\nOn top of that, with the change of government in Washington, this isn't the best of times to be in the private prison business. On Jan. 26, President Biden signedan executive orderdirecting the Justice Department not to renew its contracts with private prison operators.\nThe order applies to any private facilities connected with the Bureau of Prisons and the U.S. Marshals Service. It doesn't yet apply to all agencies. Immigration and Customs Enforcement, for example, has contracts with private companies, including the GEO Group, to detain undocumented immigrants.\nLooking at a recent investor presentation by the company, it's easy to see that the eventual result of Biden's policy could be a 27% cut to GEO Group's revenue.\n\nIMAGE SOURCE: THE GEO GROUP\nEven before the executive order, the Bureau of Prisons chose not to renew its contracts with three GEO facilities; those contracts expire this quarter. The company said its remaining Bureau of Prisons contracts may also not be renewed as they come up.\nIn March, GEO learned that the Marshals Service would not renew its contract for the company's 222-bed Queens Detention Facility in New York. The facility generated $19 million annually in revenues, the company said.\nThe dividend may be safe, but the share price not so much\nYou have to give GEO credit for doing the smart thing, trimming its quarterlydividend29.2% to 34 cents a share last year and then again by 26.5% to 25 cents a share this year.\nWhile the cuts are concerning, the dividend appears well covered by the company's expected adjusted funds from operations (FFO) this year, which management said should be in the range of $1.98 per share to $2.08 per share.\nThe company's 2020 revenue of $2.35 billionwas down from the $2.47 billion it brought in for 2019, and net income of $113 million was down from $166 million the year before. In the fourth quarter, its revenue of $578.1 million was a 7% drop year over year. It was also the fourth consecutive quarter of top-line declines.\nREITs are better analyzed on the basis of their FFOs, and those metrics fell for GEO Group as well. The company reported yearly normalized FFO of $229.3 million, down from $260.7 million in 2019; adjusted FFO was $300.6 million, compared to $328.4 million in 2019. GEO's adjusted FFO last year was at its lowest level since 2016.\nGEO Group is fighting against trends\nUnlike some REITs that were adversely affected during the global pandemic by tenants that had difficulty paying the rent, GEO's customers are government agencies that always pay the rent on time.\nThe difficulty GEO faces is that the population of prisoners in its facilities has been dropping, and that trend appears likely to continue. That means reduced revenue, which to investors means the stock's share price could continue to drop, and also increases the likelihood that the company could cut its dividend further.\nTo some degree, the future revenue declines may have already been priced into the stock, but as an investor, I don't see upside for GEO Group any time soon.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":486,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/353156754"}
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