Global Education Communities Corp Stock Price, News & Analysis

Global Education Communities Corp. (GECSF) has released its Q2 2025 financial results, showing mixed performance across divisions. Total revenues declined 13% to $34.5 million, with a net loss of $1.647 million compared to a profit of $2.571 million in Q2 2024. The company reported an 88% decrease in EBITDA to $2.065 million.

Key performance indicators include:

• Domestic education division showed 1% revenue growth
• Student housing revenue increased 9% (excluding GEC® Granville Hotel sale)
• International education revenue declined 37% due to government restrictions
• 11% reduction in finance costs
• 41% decrease in non-current liabilities to $104.3 million
• Adjusted EBITDA of $4.2 million

The company's student housing occupancy by domestic students increased from 17% to 42%, demonstrating a shift from international to domestic students amid Vancouver's 0.8% vacancy rate.

Global Education Communities Corp. (TSX:GEC)(OTCQB:GECSF) has announced the results of director elections from its annual general meeting held on February 7, 2025. All nominated directors were successfully elected with overwhelming shareholder support. The voting results showed strong approval ratings:

- Toby Chu: 99.67% in favor
- Tony David: 99.91% in favor
- Derek Feng: 99.91% in favor
- May Hsu: 99.94% in favor
- Troy Rice: 99.91% in favor
- Shane Weir: 99.91% in favor

The company noted that detailed voting results for other matters discussed at the meeting are available on SEDAR+.

Global Education Communities Corp. (GECSF) has released its Q1 2025 financial results for the period ended November 30, 2024. The company reported total revenues of $17,752,000, marking a 20% decrease from Q1 2024. The company posted a net loss of $2,159,000 compared to a profit of $3,553,000 in the previous year.

Key highlights include: domestic education division showing stability with only a 1% decrease, student housing revenue increasing 7% year-over-year (excluding previous hotel operations), and a 27% reduction in finance costs. However, international education revenue declined 37% due to Federal government restrictions on international student enrollment. The company's rental housing division experienced a significant shift, with domestic tenants increasing by 159% compared to Q1 2024.

Adjusted EBITDA decreased to $1,306,000 from $4,992,000 in Q1 2024, while total assets declined 5% to $442,957,000.

Global Education Communities Corp. (GECC) provided a year-end review for 2024, highlighting both achievements and challenges. The company faced headwinds including high interest rates, construction costs, and international student limits. Despite these challenges, GECC secured fixed-interest loans to reduce costs and saw domestic enrollment growth in its educational division.

Notable developments include: GEC Living's domestic tenant base increased from 17% to 44%, the sale of GEC Granville Hotel for $70M, and the operation of eight buildings with nearly 1,300 beds in Metro Vancouver. The company completed over $148 million in mortgages and refinancing, with an additional $214 million pending approval.

For 2025, GECC plans to streamline educational divisions, commence construction at GEC Oakridge, increase capital base at GEC Education Mega Center, and pursue various refinancing and development initiatives.

Global Education Communities Corp. (GECSF) reported financial results for fiscal year 2024. Total revenues decreased 2% to $77,041,000 from $78,603,000 in FY2023. Educational revenues from SSCC increased 6% to $41,806,000, while SSLC/VIC revenues declined 10% to $12,545,000. Rental revenues decreased 18% to $17,250,000, primarily due to the sale of GEC Granville Hotel. After adjusting for the hotel sale, rental income grew 12.6% year-over-year. The company reported net income attributable to shareholders of $1,094,000 or $0.02 per share, compared to a loss of $3,909,000 in FY2023.

Global Education Communities Corp. (GECC) has announced the execution of investment and cooperation agreements with Pomerleau Capital Inc. (PCAP). PCAP will invest in one of GECC's partnerships and co-develop the Project, with plans to extend this model to other GEC® student housing properties in Metro Vancouver. The investment was completed on November 20, 2024. The aggregate construction budget of GEC® projects under development exceeds $800 million. PCAP brings additional value through its construction arm, Pomerleau Inc and subsidiary ITC Construction Group, one of Canada's largest construction companies.

Global Education Communities Corp. (GEC) has announced the opening of online registration for GEC® Kingsway, its 16th branded student rental building in Metro Vancouver. This new addition to the GEC® portfolio aims to provide safe, clean, convenient, and comfortable accommodation for students studying in the area. The launch of GEC® Kingsway registration marks a significant expansion of the company's student housing offerings, potentially increasing its market share in the competitive Metro Vancouver student accommodation sector.

Global Education Communities Corp (GECC) has closed the first tranche of its non-brokered private placement, initially announced on August 27, 2024. The company has raised gross proceeds of $1,405,000 through the issuance of convertible debentures. These debentures, along with any common shares issued upon their conversion, are subject to a hold period ending January 4, 2025. The financing is still pending final approval from the Toronto Stock Exchange. GECC, traded as GEC on TSX and GECSF on OTCQX International, aims to strengthen its financial position through this private placement.

Global Education Communities Corp. (GECC) has been recognized as one of the Top 100 Fastest-Growing Companies in British Columbia by Business in Vancouver (BIV) in 2024. The company, listed on TSX as GEC and OTCQX as GECSF, secured the 98th position on the list. GECC demonstrated impressive revenue growth of 10.7%, increasing from $70.997 million in fiscal 2019 to $78.603 million in fiscal 2023.

Toby Chu, Chairman, President and CEO of GECC, expressed pride in this recognition, highlighting the company's resilience in the face of economic challenges such as post-pandemic events, high inflation, and prolonged high interest rates. He affirmed GECC's commitment to executing their growth strategy, focusing on expanding their student rental portfolio and advancing their education segments.