TSX:GEC - Post Discussion
Post by
ThesisCapital on Nov 26, 2021 1:36pm
CIBT Education Group Investor Webinar - Nov 30 at 1 pm EST
Thesis Capital will be hosting an exclusive investor webinar for CIBT Education Group (TSX: MBA | OTCQX: MBAIF) on Tuesday, November 30th at 1 pm ET. Register here: CIBT Webinar Registration Link CIBT Education Group Inc. is one of the largest education and student housing investment companies in Canada focused on the domestic and the global education market since 1994. Investment Highlights: - Rental Crisis in Vancouver: One of the lowest vacancy rates (~1%) in Canada
- Education Business: 34 locations with approximately 11,000 students
- C$1.5 billion Real Estate Portfolio: Under the GEC® brand, CIBT operates 7 rental facilities in Metro Vancouver and has 8 additional buildings under development
- Q3 F2021 (9-month) Financials: CIBT generated roughly C$44.8 million in revenue, C$6.29 million in net income and EBITDA of C$18.47 million
- REIT Listing: CIBT plans to spin off its real estate subsidiary as a separately listed entity on a recognized North American stock exchange
- Clean Capital Structure: No warrant overhang
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