on Global Education Communities Corp. (CVE:GEC)
Global Education Communities Corp. Posts Q3 2026 Financial Results
Global Education Communities Corp. (GECC) released its Q3 2026 financial results, showing notable improvements. The company's total revenue rose by 9% compared to Q3 2025, reaching $16.593 million. This growth is attributed primarily to an 11% increase in student housing rental revenue.
GECC's net income attributable to shareholders swung from a loss of $324,000 in Q3 2025 to a positive $672,000 in Q3 2026. Earnings per share also improved from zero to $0.01.
The company's EBITDA from continuing operations increased by 59%, reaching $7.027 million. However, adjusted EBITDA decreased by 19% compared to the prior year.
Notably, GECC completed significant asset divestitures, including the sale of SSLC Language College and Vancouver International College. The company is redirecting its focus toward its student housing assets, aiming for long-term returns.
R. E.
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