Global Education Communities Corp Stock Price, News & Analysis

Global Education Communities Corp. (GECSF) has received Urban Design Panel approval for its GEC Langara project in Vancouver, enabling significant density increases pending City Council and Planning Department approvals. The project, located near Langara-49th Avenue SkyTrain station, could expand from 10 to 26 floors, increasing buildable area by 159% to 163,572 square feet. The development's occupant capacity could grow by 171% to 650 people. The revised plan aligns with Bill 47 Transit Oriented Area legislation, potentially boosting projected annual rental revenue from $3.5M to $13.5M. The property will be exempt from GST and certain development levies, reducing capital costs. GECC plans to allocate part of the property for below-market student rental housing.

Global Education Communities Corp. (GECSF) has announced several major developments. Construction has begun on the GEC® Oakridge project in Vancouver, secured with $124 million in CMHC-sponsored construction financing. The project, expected to complete in 24 months, will accommodate 450 occupants and generate over $8 million in rental revenue at full occupancy.

The company has secured significant financial improvements, including a 50% reduction in mortgage interest rates for GEC® Pearson through a $42.5 million CMHC-sponsored mortgage. In total, GECC has secured $253.32 million in CMHC-sponsored mortgages and construction loans.

GECC has also finalized partnerships with Pure Group and ITC Construction Group for the GEC Education Mega Center®, a $330 million project, focusing on their core competency in student housing operations while leveraging partners' expertise in investment and construction.

Global Education Communities Corp. (GECSF) has announced a significant partnership through its subsidiary, GEC Education Mega Center Limited Partnership, with Pure Group of Companies to develop the GEC Education Mega Centre (EMC) in Surrey, British Columbia. The project, with a construction budget of $330 million, was completed on May 1, 2025.

Under the agreement, Pure Group will handle development, financing, construction, and asset management, while GECC will manage the facility under the GEC® brand once completed. The EMC will provide rental accommodations for 1,380 occupants, including educational staff and students from nearby institutions such as Simon Fraser University, Kwantlen Polytechnic University, Douglas College, Sprott Shaw College, and the upcoming UBC Surrey Campus.

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.