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 global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.

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Global Education Communities Corp

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Post by ThesisCapitalon Jul 13, 2021 8:36am

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Post# 33534887

CIBT Education Group Investor Webinar - July 15 at 1 pm ET

Thesis Capital will be hosting an exclusive investor webinar for CIBT Education Group (TSX: MBA | OTCQX: MBAIF) this Thursday, July 15th at 1 pm ET.

Register here: https://us02web.zoom.us/webinar/register/WN_fZuL3hS5QU-p3aG3G4hT5g

Based in Vancouver, CIBT Education Group is one of Canada's largest education and student housing investment companies.

Investment Highlights:

Rental Crisis in Vancouver: One of the lowest vacancy rates (~1%) in Canada
C$1.5 billion Real Estate Portfolio: CIBT operates 7 rental facilities in Metro Vancouver under the GEC® brand and has 8 additional buildings under development
Attractive Valuation: CIBT generates roughly $63 million in topline revenue and has a market capitalization of C$46 million with a C$1.5 billion student housing portfolio
Q2 2021 YTD Financials: CIBT generated roughly C$28 million in revenue, C$7.609 million in net income (increased by 72%) and EBITDA of C$16.245 million (increased by 56%)
REIT Listing: CIBT plans to spin off its real estate subsidiary as a separately listed entity on a recognized North American stock exchange