GECC Reports Positive Q1 2026 Financial Results

Global Education Communities Corp. (GECC) has disclosed its financial results for Q1 2026. The company noted a slight revenue increase of 2% year-over-year, amounting to CAD 7,616,000. Notably, GECC's net income from continuing operations rose by 114%, achieving a positive result of CAD 745,000, a substantial improvement from the previous year's loss. The company also reported a significant rise in its adjusted EBITDA from CAD 282,000 to CAD 2,529,000.

GECC has seen progress in multiple projects. Construction at GEC® Oakridge has reached the 12th floor. The building permit for the GEC Education Mega Center® in Surrey has been submitted. Meanwhile, the GEC® Langara project has advanced to the development permit phase after rezoning approval. GECC continues to focus on expanding its student housing portfolio, achieving low vacancy rates and favorable rental conditions.