News
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PRESS RELEASE
Global Education Communities Corp. to Participate in Student Housing & University Real Estate Initiative "SHURE" Conference
Global Education Communities Corp.'s Chairman and CEO, Toby Chu, to present at SHURE Conference on March 26-27, 2024, discussing student housing market insights and investment opportunities -
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PRESS RELEASE
Global Education Communities Corp. Reports Fiscal 2024 First Quarter Financial Results
Global Education Communities Corp. (GECC) has reported its consolidated financial statements and management's discussion and analysis for its first quarter of fiscal 2024. The company's total revenue has increased by 21% year-over-year, with significant growth in its international and domestic education businesses as well as student housing revenue. GECC's net income before income tax reached $9.13 million, and EBITDA increased to $15 million, an increase of 250% from the same period in the previous year. The company also remains optimistic about potential rate decreases in the coming quarters, which could positively impact its real estate services division. For more information, visit www.GEChq.com. -
PRESS RELEASE
GECC Subsidiary Completes Land Purchase for GEC Langara
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PRESS RELEASE
GECC Subsidiary Receives $22 Million Equity and Loan Commitment for Purchase of Land for its 14th GEC Branded Building
GECC's subsidiary, GEC Langara Limited Partnership, has agreed to purchase two parcels of land near Vancouver's Canada Line station for a 10-storey highrise tower. The purchase is in response to British Columbia's plan to allow Transit-Oriented Developments within 800 meters of rapid transit stations
