1330 ET - CoreCivic is looking at reopening its South Texas Family Residential Center, which closed in August. The closure contributed to the private prison operator missing Wall Street expectations with its 2025 outlook. But the Trump administration's strong demand for immigrant detention capacity could result in a reactivation of the center, company executives say on a call with analysts. CoreCivic usually takes four to six months to open a new facility, but it is looking to speed up that timeline to meet growing demand, and believes it could open the Texas center quickly because it hasn't been closed for long. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 13:31 ET (18:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.