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Bullboard - Stock Discussion Forum Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Consumer Defensive Education & Training Services
Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and the global education markets. The Company owns business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. It owns Global Education City Holdings Inc. (GEC), an... see more

TSX:GEC - Post Discussion

Global Education Communities Corp > GEC Investor Webinar - July 25th @ 1 PM EST
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Post by ThesisCapital on Jul 24, 2023 1:15pm

GEC Investor Webinar - July 25th @ 1 PM EST

Global Education Communities Corp. will be hosting an investor webinar on Tuesday, July 25 at 1 PM (EST) to discuss its quarterly financial results and growth outlook for 2023.
 
Investment Highlights:
  • 9 Month-Period F2023 Financial Highlights: Total revenue of C$55.36 million and adjusted EBITDA of C$8.73 million
  • High Demand for Rental Properties: Rental crisis in Vancouver (~1.2% for purpose built rental & ~0.8% for condominium apartments)
  • Education Business: 41 locations with approximately 10,000 students
  • C$1.3+ billion GEC® Real Estate Portfolio: 8 operational properties in Metro Vancouver (∼3200 tenants) and has 6 additional buildings under development; GEC currently serves 92 partner schools
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