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 Sep 21, 2022 9:45am

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Post# 34976037

CIBT Education Group Investor Webinar - Sept 27 at 1 PM EST

CIBT Education Group Inc. (TSX: MBA | OTCQX: MBAIF) will be hosting an exclusive investor webinar on Tuesday, September 27, 2022 at 1 PM EST to discuss the company's portfolio of academic and real estate assets, growth outlook, and the current state of Vancouver's real estate market.

Register here: https://us02web.zoom.us/webinar/register/WN_BgU4oThITz6fYqrAXH3CyA

YTD F2022 Financials (nine months ended May 31, 2022): C$52.67 million in revenue and EBITDA of C$13.94 million
High Demand for Rental Properties: Rental crisis in Vancouver (~1.2% for purpose-built rental & ~0.8% for condominium apartments)
Education Business: 34 locations with approximately 10,000 students
C$1.5 billion GEC® Real Estate Portfolio: 7 rental facilities in Metro Vancouver and has 8 additional buildings under development
REIT Listing: Plans to spin off its real estate subsidiary as a separately listed entity on a recognized North American stock exchange