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.
- 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