M. Marin's questions to CoreCivic Inc (CXW) leadership • Q2 2025
Question
M. Marin of Zacks Investment Research asked for more detail on the competitive advantages of CoreCivic's facilities compared to temporary solutions like 'Alligator Alcatraz.' She also questioned the potential runway for occupancy, noting it had previously been near 87% before the pandemic.
Answer
CEO Damon Hininger highlighted that CoreCivic's facilities are more secure, cost-effective, have superior audit scores, and are viewed by ICE as long-term solutions with comprehensive standards, unlike temporary alternatives. CFO David Garfinkle and CEO Damon Hininger confirmed significant runway for occupancy, with Garfinkle suggesting a return to the high-80% range is possible in the short term as ICE is interested in all available capacity.