CXW News & Events

CoreCivic has received approval for a Special Use Permit at the Company's 1,033-bed Midwest Regional Reception Center in Leavenworth, Kansas. The company said, "The facility has been undergoing reactivation since a new contract was awarded in the third quarter of 2025 but experienced a temporary delay in the intake process as we worked through legal challenges and the SUP approval process. Now that the SUP has been approved, we expect to begin accepting detainees at the Midwest Regional Reception Center in the coming weeks. In preparation for reactivation last year, we initiated hiring efforts and attracted a strong candidate pool. We subsequently paused hiring in December 2025 while the SUP application was under review, reflecting a disciplined approach to aligning staffing with regulatory timing and operational readiness. Taking into account start-up activities and the phased commencement of intake operations, we currently expect this facility to contribute approximately $0.05 to $0.06 in incremental earnings per share for the remainder of 2026."

Immigration and Customs Enforcement expects to spend $38.3B to acquire warehouses and retrofit them into immigrant detention centers, Douglas MacMillan and Jonathan O'Connell of Washington Post report, citing documents ICE provided to New Hampshire's governor. ICE plans to buy and convert 16 buildings across the country to serve as regional processing centers, according to one of the documents, the Post reports. It is not clear which companies will be hired to renovate and operate the new facilities, adds the paper. CoreCivic (CXW) and GEO Group (GEO) have exposure to the immigration detention market.

CoreCivic sees FY26 FFO $2.54-$2.64, consensus $2.45