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Global Education Communities ( (TSE:GEC) ) has provided an announcement.
Global Education Communities Corp. reported modest revenue growth for the first quarter of fiscal 2026, with total revenues rising 2% year-on-year to $7.6 million and a swing to $0.7 million in net income from continuing operations, aided by markedly improved EBITDA and adjusted EBITDA. The company’s first results since divesting most of its educational division underscore a strategic pivot toward student housing, highlighted by ongoing construction at GEC Oakridge, planning progress at its Education Mega Center in Surrey and GEC Langara, near-zero vacancies and premium rents across nearly all operational properties, and the conversion of most mortgages to lower-cost CMHC-sponsored financing, collectively positioning GECC to scale its GEC Living platform and pursue further expansion in 2026.
The most recent analyst rating on (TSE:GEC) stock is a Buy with a C$1.09 price target. To see the full list of analyst forecasts on Global Education Communities stock, see the TSE:GEC Stock Forecast page.
More about Global Education Communities
Global Education Communities Corp. is a long-established player in Canada’s education and student housing sector, serving nearly 10,000 domestic and international students annually through 24 student housing apartments, campuses and offices in Canada and abroad. Under its GEC Living brand, the company focuses on developing and managing off-campus, fully furnished student-centric rental apartments and education super-centres in Metro Vancouver, with a portfolio of operational properties and development projects exceeding $1.3 billion and housing solutions provided to 95 schools. Following the divestiture of Sprott Shaw College in August 2025, GECC’s academic division now centres on SSLC Language College, SSLC Business College and CIBT School of Business & Technology, offering business and ESL programs tailored to international learners.
Average Trading Volume: 35,978
Technical Sentiment Signal: Buy
Current Market Cap: C$26.12M
See more insights into GEC stock on TipRanks’ Stock Analysis page.