GEO 3Q21 Supplemental Disclosure

Supplemental Information

Third Quarter and YTD 2021

The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speaks only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty, to update any of this information, except as required by law. GEO's future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect GEO's future financial results are discussed more fully in our reports on Form 10-K, Form 10-Q, and Form 8-K filed with the Securities and Exchange Commission ("SEC"). Readers are advised to refer to these reports for additional information concerning GEO.

The results presented herein are shown as of September 30, 2021.

The GEO Group, Inc.
4955 Technology Way
Boca Raton, Florida 33431	Phone: [phone]

1	www.geogroup.com

Company Profile	3
Financial Summary - 1	4
Financial Summary - 2	5
Condensed Consolidated Balance Sheets	6
Condensed Consolidated Statement of Operations	7
Reconciliation of Net Income Attributable to GEO to FFO, Normalized FFO and AFFO	8
Reconciliation of Net Income Attributable to GEO to Net Operating Income (NOI), EBITDAre and Adjusted EBITDAre	9
Global Operations Profile	10
Portfolio Operating Metrics	11
Customer Data	12
Property and Equipment	13
Capital Expenditures	14
Debt Maturity Schedule	15
Outstanding Debt	16
Acquisitions/Dispositions	17
Idle Facilities	18
Property List	19-23
Definitions	24

2	www.geogroup.com

Company Profile

The GEO Group, Inc. (NYSE: GEO) is a fully integrated equity real estate investment trust specializing in the design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in‐custody rehabilitation, post‐ release support, electronic monitoring, and community‐based programs. GEO's worldwide operations include the ownership and/or delivery of support services for 107 facilities totaling approximately 86,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,500 employees.

GEO's mission is to develop innovative public‐private partnerships with government agencies around the globe that deliver high quality, cost‐efficient solutions while providing enhanced rehabilitation and community reintegration programs to the men and women entrusted to GEO's care.

2021 Guidance Summary *		Low-End		Mid-Point		High-End
Revenue	$	2,252,500	$	2,255,000	$	2,257,500
NOI	$	622,000	$	623,750	$	625,500
Adjusted EBITDAre	$	451,500	$	453,250	$	455,000
Net Income Attributable to GEO	$	165,500	$	166,750	$	168,000
AFFO/Diluted Share	$	2.57	$	2.58	$	2.59

Capital Expenditures	$	70,000
Maintenance	$	15,000
Growth	$	54,000
Facility Improvements	$	1,000

3	www.geogroup.com

Financial Summary

Company Profile		Q3 2021
			(unaudited)
Market Capitalization * **	$	914,817	$
Share Price **	$	7.47	$
Revenues *	$		$
Owned and Leased: Secure Services	278,241
Owned and Leased: Community-Based		38,302
Owned and Leased: Youth Services		495
Managed Only		144,340
Facility Construction & Design		3
Non-Residential Services and Other		95,896
		$	557,277	$
Net Operating Income (NOI) *
Owned and Leased: Secure Services	$	78,942	$
Owned and Leased: Community-Based		14,649
Owned and Leased: Youth Services		(4,818)
Managed Only		20,448
Facility Construction & Design		(1)
Non-Residential Services and Other		47,180
		$	156,400	$
Adjusted EBITDAre *	$	116,032	$
FFO & AFFO *	$		$
AFFO per diluted share		0.65
Funds From Operations (NAREIT)	$	54,592	$
Funds From Operations (Normalized)	$	62,837	$
Adjusted Funds From Operations	$	78,649	$
Dividends per share	$	‐	$
Capital Expenditures * **	$		$
Growth	9,414
Maintenance		3,447
Facility Improvements		132
		$	12,993	$

• Figures in '000s, except per share data

** As of quarter-end or year-to-date as applicable

Q3 2020		YTD 2021		YTD 2020
(unaudited)		(unaudited)		(unaudited)
1,375,986	$	914,817	$	1,375,986
11.34	$	7.47	$	11.34
297,674	$	849,341	$	900,777
35,668		112,264		110,838
17,555		33,479		59,028
144,463		439,430		442,336
3,323		602		15,535
80,453		263,957		243,468
579,136	$	1,699,073	$	1,771,982
90,058	$	253,437	$	266,285
8,429		40,920		23,393
447		(1,305)		3,662
16,529		56,509		49,249
13		97		48
35,934		123,703		108,088
151,410	$	473,361	$	450,725
112,092	$	342,908	$	331,815
0.67	$	1.95	$	1.88
57,850	$	174,535	$	157,411
62,765	$	185,559	$	171,496
80,621	$	235,273	$	226,017
0.48	$	0.25	$	1.44
23,036	$	43,005	$	56,435
3,878		11,957		15,045
1,461		463		9,232
28,375	$	55,425	$	80,712

4	www.geogroup.com

									Financial Summary
				Q3 2021		Q3 2020		YTD 2021		YTD 2020
	Portfolio **
	Owned and Leased: Secure Services		34	38	34	38
	Owned and Leased: Community-Based	36	34	36	34
	Owned and Leased: Youth Services		6	8	6	8
	Managed only			20		30		20		30
				96	110	96	110
	Owned and Leased: Secure Services *	**
	Revenue Producing Beds		39,307	45,175	39,307	45,175
	Occupancy			84%	85%	85%	87%
	Compensated Mandays		3,053,493	3,543,002	9,135,496	10,707,189
	Square Feet			6,859,308	8,300,938	6,859,308	8,300,938
	Available beds at active facilities		-	142	-	142
	Idle Facilities:	Design Capacity	- Beds	6,580	1,290	6,580	1,290
		Square Feet		1,554,291	208,419	1,554,291	208,419
	Owned and Leased: Community-Based * **
	Revenue Producing Beds		7,621	7,509	7,621	7,509
	Occupancy			51%	51%	55%	60%
	Compensated Mandays		355,174	352,545	1,135,370	1,228,588
	Square Feet			1,140,678	1,140,678	1,140,678	1,140,678
	Available beds at active facilities		490	490	490	490
	Idle Facilities:	Design Capacity	- Beds	1,249	2,424	1,249	2,424
		Square Feet		198,430	444,600	198,430	444,600
	Owned and Leased: Youth Services *	**
	Revenue Producing Beds		-	1,163	-	1,163
	Occupancy			-	47%	-	56%
	Compensated Mandays		-	50,234	-	177,206
	Square Feet			627,229	627,229	627,229	627,229
	Idle Facilities:	Design Capacity - Beds	139	175	139	175
		Square Feet		69,290	84,053	69,290	84,053
	Managed Only * **
	Revenue Producing Beds		25,822	29,235	25,822	29,235
	Occupancy			97%	95%	98%	96%
	Compensated Mandays		2,298,013	2,544,602	6,901,266	7,608,334
	Square Feet			8,453,675	9,197,611	8,453,675	9,197,611
		U.S.		4,984,260	4,984,260	4,984,260	4,984,260
		International		3,469,415	4,213,351	3,469,415	4,213,351
	Non-Residential Units *** ****
	Day Reporting Centers (1)		613,931	484,496	1,762,836	1,193,871
	Youth (2)			-	39,402	67,812	127,519
	BI Electronic & Location Monitoring (3)		24,405,648	21,153,193	67,797,088	61,311,763

• • For the periods reported, includes Reeves County Detention Center III, for which GEO has a management consulting agreement with Reeves County, Texas; and the expansion beds at Junee Correctional Centre and Fulham Correctional Centre.
• Revenue producing beds, occupancy and compensated mandays exclude idle facilities and projects under activation/construction.
• Non-ResidentialUnits presented in the table are calculated based on number of days within the period multiplied by number of units.
• Excluding In-Prison treatment participants.

1. Community-BasedServices Non-Residential Units include home confinement populations and day reporting center participants
2. Youth Non-Residential Units include education, counseling, and other outpatient services.
3. BI Non-Residential Units include electronic monitoring services and Intensive Supervision and Appearance Program ("ISAP") participants.

5	www.geogroup.com