| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Correctional Properties Trust |
| 4200 Wackenhut Drive, Palm Beach Gardens, FL 33410 * (561) 691-6644 |
| The company is a real estate investment trust, (REIT). The Company was formed to own correctional and detention facilities and to capitalize on the growing trend toward privatization in the corrections industry. |
| Manager | Tier | Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| SBC Warburg Dillon Read, Inc. | Co-manager |
| NYSE: | CPV | Financial: | SIC 6798 | |
| Type of Shares: | Shares of Beneficial Interest | Filing Date: | 2/20/98 | |
| U.S. Shares: | 6,200,000 | Offer Date: | 4/22/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $19.00 - $21.00 | |
| Primary Shares: | 6,200,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.25 | |
| Offering Amount: | $124,000,000 | Selling: | $0.75 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 6,200,000 |
| Issuer's Law Firm: | Akerman, Senterfitt & Eidson |
| Bank's Law Firm: | Battle Fowler |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $11.29 | Assets: | $113.82 | ||
| Net Income: | $6.89 | Curr Assets: | |||
| EPS: | $1.11 | Liabilities: | $0.00 | ||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | Equity: | $113.82 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Use of Proceeds |
| The proceeds from the proposed offering will be used to acquire the initial facilities and for general corporate purposes. |