TSX:GEC - Post Discussion
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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