Latest news with #CURV
Yahoo
27-05-2025
- Business
- Yahoo
3 Reasons to Avoid CURV and 1 Stock to Buy Instead
Even during a down period for the markets, Torrid has gone against the grain, climbing to $5.15. Its shares have yielded a 27.5% return over the last six months, beating the S&P 500 by 30.8%. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to buy Torrid, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it's free. We're happy investors have made money, but we're sitting this one out for now. Here are three reasons why you should be careful with CURV and a stock we'd rather own. Same-store sales is an industry measure of whether revenue is growing at existing stores, and it is driven by customer visits (often called traffic) and the average spending per customer (ticket). Torrid's demand has been shrinking over the last two years as its same-store sales have averaged 8.3% annual declines. With $1.10 billion in revenue over the past 12 months, Torrid is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. We track the change in earnings per share (EPS) because it highlights whether a company's growth is profitable. Torrid's full-year EPS dropped significantly over the last three years. In a mature sector such as consumer retail, we tend to steer our readers away from companies with falling EPS because it could imply changing secular trends and preferences. If the tide turns unexpectedly, Torrid's low margin of safety could leave its stock price susceptible to large downswings. Torrid falls short of our quality standards. With its shares outperforming the market lately, the stock trades at 22.5× forward P/E (or $5.15 per share). At this valuation, there's a lot of good news priced in - we think there are better stocks to buy right now. We'd suggest looking at one of our all-time favorite software stocks. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Province
21-05-2025
- Entertainment
- The Province
Vancouver's opulent CURV tower gets away with switching out of below-market housing
Douglas Todd: For the price of one penthouse suite, developers behind the tallest tower in Vancouver are getting out of their vow to include below-market apartments in their grand design. This City of Vancouver rendering shows the future CURV tower (left) in relation to the completed Butterfly (right). A developer marketing opulent condos in downtown Vancouver has evaded a promise to provide 102 units of below-market rental units — for the equivalent of the price of just one of its penthouse suites. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Worldwide advertising for the 'soul-stirring views' available from the 60-storey CURV, the tallest building ever approved by city council, has included offers of Porsches to those rich enough to buy its ultra-high-end apartments. The CURV lists one penthouse for $60 million. Five years ago, the companies behind CURV, Henson Development and the Brivia Group, won council approval to construct the highest and most dense edifice in Vancouver's history. They won extraordinary bonus densities on the strength of their commitment to ease the city's affordability crisis by including 102 below-market rental units, including for families. Their promise sounded good to former Mayor Kennedy Stewart and council in 2020. That is, with the exception of Colleen Hardwick, Jean Swanson and Adriane Carr, all of whom are no longer in office. This advertisement has not loaded yet, but your article continues below. More recently, CURV's developers signalled they wanted to back away from their commitment to below-market units in the building. So they offered $55 million to the city instead, less than the price of a penthouse. The new, ABC-dominated council agreed to the switch this year. And it is diverting the cash-in-lieu, to be paid in instalments, to a city fund for so-called affordable housing, to be built somewhere else. Robert Renger, a retired chief planner for Burnaby, thinks that is a scandal. He makes a strong case that the $55 million is insufficient. CURV's development site, at 1075 Nelson St., is a tiny square of land not much bigger than two typical Vancouver single-family lots. It currently contains a low-rise apartment building. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. It's right next to Westbank's soaring 57-storey Butterfly, which has also been marketed to the rich in places like Hong Kong. Former Burnaby planner Robert Renger made this aerial illustration of the CURV site at 1075 Nelson St. in Vancouver. The Butterfly is next to it. (Source: Google maps.) Photo by Robert Renger / Google maps Renger believes the CURV is an example of the way developers wheedle extra density out of city council by offering to provide below-market housing, and then find ways to renege on their pledge. It's part of the reason UBC business professor Tom Davidoff and Cameron Gray, the former head of housing for Vancouver, say it is a mistake to demand that private developers provide a portion of 'below-market' units in exchange for upzoning. They say there are better ways. The last thing private developers want to do, or should be doing, said Gray, is administering complex social housing agreements. And Renger is not the only retired city planner or architect predicting more developers will try to get out of their promises to ensure some of their units are 'affordable'. This advertisement has not loaded yet, but your article continues below. Here's how, according to Renger, CURV's 'bait and switch' happened. On the strength of the developers' initial vow five years ago to include 102 decent-sized below-market units in their slender, undulating tower, Vancouver council granted the right to also construct 328 high-end condos and 50 market rental units. But the current council agreed to let the developer out of that agreement for $55 million in a deal Vancouver's head of planning, Josh White, celebrated this spring in a social-media post. As a result, CURV's developers no longer have to worry their profit potential, nor their affluent brand, will be dragged down by a below-market component. The 20 storeys that CURV had marked for those units, Renger said, have suddenly been converted into future luxury apartments. This advertisement has not loaded yet, but your article continues below. As a result, CURV's entire range of units could now, at prevailing real-estate prices, fetch a total of about $920 million, estimated Renger, who was the city of Burnaby's lead planner for SFU's UniverCity community. One of many other reasons the CURV's $55-million payment to the city's social housing fund is questionable, says Renger, is that it is far lower than the $70 million city planners initially said the below-market housing units were valued at in terms of being a 'community amenity'. That was five years ago. With inflation, the $70-million evaluation should be in at least the $100-million range in 2025, said Renger, who has filed a complaint with the city's auditor-general over what he believes has been a costly fiasco. This advertisement has not loaded yet, but your article continues below. Another reason the $55 million cash-in-lieu is too low, maintains Renger, is that it does not take into account the escalating overall 'land value' of the CURV. The project's land value skyrocketed, he said, when the city recently allowed the developer to add almost one-third more market apartments. Advertising in Hong Kong for the CURV, which is on Nelson Street in downtown Vancouver. (Source: Robert Renger) Photo by Robert Renger The density bonuses city council has handed to CURV are extraordinary. They can be explained with a bit of math. Because CURV promised to blend 102 below-market units in its pencil tower, the former council granted it an unprecedented FSR (floor-to-space) ratio of 25-to-one. That means it will have 25 times more floor space than lot space. For comparison, the adjacent luxury Butterfly tower is on a lot that is three times bigger and includes a preserved Baptist church. The Butterfly has an FSR of about 11-to-one, and actually includes a seven-storey building of below-market housing. This advertisement has not loaded yet, but your article continues below. It's also worth remembering that, not long ago in Vancouver, as planners point out, an apartment complex with an FSR of three-to-one was considered high density. That was the case with most highrises built in the 1970s in the West End. And it is still the reality with some contemporary projects, such as the approved proposals for two Safeway sites, in Point Grey and Kitsilano, both of which have FSR's of just under four-to-one. Renger is not the only former planner, architect or professor who predicts more developers will use the CURV precedent to bail out of their commitments to provide, typically, 20 per cent of units at 'below-market' rates. The City of Vancouver has already reduced its demands for below-market housing on new highrises in the West End. And the developer behind the tower cluster at the Safeway site at Commercial and Broadway wants its below-market portion to be just 10 per cent. This advertisement has not loaded yet, but your article continues below. With a cyclical downturn occurring in the real estate market, some predict that many developers behind the more than 120 rental highrise projects slated for the 500-block Broadway plan will soon seek to back out of their below-market vows. 'How can the huge gains in Vancouver property values (provided by upzoning) be more efficiently directed to paying for affordable housing and other community benefits?' Renger laments. Is it possible, he says, that city council can make it so those gains do not just 'flow as windfall profits into the pockets of speculators, developers and landowners?' dtodd@ Read More Columnists Vancouver Canucks CFL News Vancouver Canucks
Vancouver Sun
21-05-2025
- Business
- Vancouver Sun
Vancouver's opulent CURV tower gets away with switching out of below-market housing
A developer marketing opulent condos in downtown Vancouver has evaded a promise to provide 102 units of below-market rental units — for the equivalent of the price of just one of its penthouse suites. Worldwide advertising for the 'soul-stirring views' available from the 60-storey CURV, the tallest building ever approved by city council, has included offers of Porsches to those rich enough to buy its ultra-high-end apartments. The CURV lists one penthouse for $60 million. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Five years ago, the companies behind CURV, Henson Development and the Brivia Group, won council approval to construct the highest and most dense edifice in Vancouver's history. They won extraordinary bonus densities on the strength of their commitment to ease the city's affordability crisis by including 102 below-market rental units, including for families. Their promise sounded good to former Mayor Kennedy Stewart and council in 2020. That is, with the exception of Colleen Hardwick, Jean Swanson and Adriane Carr, all of whom are no longer in office. More recently, CURV's developers signalled they wanted to back away from their commitment to below-market units in the building. So they offered $55 million to the city instead, less than the price of a penthouse. The new, ABC-dominated council agreed to the switch this year. And it is diverting the cash-in-lieu, to be paid in instalments, to a city fund for so-called affordable housing, to be built somewhere else. Robert Renger , a retired chief planner for Burnaby, thinks that is a scandal. He makes a strong case that the $55 million is insufficient. CURV's development site, at 1075 Nelson St., is a tiny square of land not much bigger than two typical Vancouver single-family lots. It currently contains a low-rise apartment building. It's right next to Westbank's soaring 57-storey Butterfly, which has also been marketed to the rich in places like Hong Kong. Renger believes the CURV is an example of the way developers wheedle extra density out of city council by offering to provide below-market housing, and then find ways to renege on their pledge. It's part of the reason UBC business professor Tom Davidoff and Cameron Gray , the former head of housing for Vancouver, say it is a mistake to demand that private developers provide a portion of 'below-market' units in exchange for upzoning. They say there are better ways. The last thing private developers want to do , or should be doing, said Gray, is administering complex social housing agreements. And Renger is not the only retired city planner or architect predicting more developers will try to get out of their promises to ensure some of their units are 'affordable'. Here's how, according to Renger, CURV's 'bait and switch' happened. On the strength of the developers' initial vow five years ago to include 102 decent-sized below-market units in their slender, undulating tower, Vancouver council granted the right to also construct 328 high-end condos and 50 market rental units. But the current council agreed to let the developer out of that agreement for $55 million in a deal Vancouver's head of planning, Josh White, celebrated this spring in a social-media post. As a result, CURV's developers no longer have to worry their profit potential, nor their affluent brand, will be dragged down by a below-market component. The 20 storeys that CURV had marked for those units, Renger said, have suddenly been converted into future luxury apartments. As a result, CURV's entire range of units could now, at prevailing real-estate prices, fetch a total of about $920 million, estimated Renger, who was the city of Burnaby's lead planner for SFU's UniverCity community. One of many other reasons the CURV's $55-million payment to the city's social housing fund is questionable, says Renger, is that it is far lower than the $70 million city planners initially said the below-market housing units were valued at in terms of being a 'community amenity'. That was five years ago. With inflation, the $70-million evaluation should be in at least the $100-million range in 2025, said Renger, who has filed a complaint with the city's auditor-general over what he believes has been a costly fiasco. Another reason the $55 million cash-in-lieu is too low, maintains Renger, is that it does not take into account the escalating overall 'land value' of the CURV. The project's land value skyrocketed, he said, when the city recently allowed the developer to add almost one-third more market apartments. The density bonuses city council has handed to CURV are extraordinary. They can be explained with a bit of math. Because CURV promised to blend 102 below-market units in its pencil tower, the former council granted it an unprecedented FSR (floor-to-space) ratio of 25-to-one. That means it will have 25 times more floor space than lot space. For comparison, the adjacent luxury Butterfly tower is on a lot that is three times bigger and includes a preserved Baptist church. The Butterfly has an FSR of about 11-to-one, and actually includes a seven-storey building of below-market housing. It's also worth remembering that, not long ago in Vancouver, as planners point out, an apartment complex with an FSR of three-to-one was considered high density. That was the case with most highrises built in the 1970s in the West End. And it is still the reality with some contemporary projects, such as the approved proposals for two Safeway sites , in Point Grey and Kitsilano, both of which have FSR's of just under four-to-one. Renger is not the only former planner, architect or professor who predicts more developers will use the CURV precedent to bail out of their commitments to provide, typically, 20 per cent of units at 'below-market' rates. The City of Vancouver has already reduced its demands for below-market housing on new highrises in the West End. And the developer behind the tower cluster at the Safeway site at Commercial and Broadway wants its below-market portion to be just 10 per cent. With a cyclical downturn occurring in the real estate market, some predict that many developers behind the more than 120 rental highrise projects slated for the 500-block Broadway plan will soon seek to back out of their below-market vows. 'How can the huge gains in Vancouver property values (provided by upzoning) be more efficiently directed to paying for affordable housing and other community benefits?' Renger laments. Is it possible, he says, that city council can make it so those gains do not just 'flow as windfall profits into the pockets of speculators, developers and landowners?' dtodd@
Yahoo
02-05-2025
- Business
- Yahoo
2 Consumer Stocks for Long-Term Investors and 1 to Question
Retailers are adapting their business models as technology changes how people shop. Still, demand can be volatile as the industry is exposed to the ups and downs of consumer spending. This has stirred some uncertainty lately as retail stocks have tumbled by 11.8% over the past six months. This drop was worse than the S&P 500's 2% fall. Only some companies are subject to these dynamics, however, and a handful of high-quality businesses can deliver earnings growth in any environment. With that said, here are two consumer stocks we think can generate sustainable market-beating returns and one best left ignored. Market Cap: $662.5 million Promoting a message of body positivity and inclusiveness, Torrid Holdings (NYSE:CURV) is a plus-size women's apparel and accessories retailer. Why Do We Steer Clear of CURV? Disappointing same-store sales over the past two years show customers aren't responding well to its product selection and store experience Revenue base of $1.10 billion puts it at a disadvantage compared to larger competitors exhibiting economies of scale Falling earnings per share over the last five years has some investors worried as stock prices ultimately follow EPS over the long term At $6.35 per share, Torrid trades at 27.6x forward P/E. Dive into our free research report to see why there are better opportunities than CURV. Market Cap: $14.96 billion Started as a hunting supply store, Dick's Sporting Goods (NYSE:DKS) is a retailer that sells merchandise for traditional sports as well as for fitness and outdoor activities. Why Are We Fans of DKS? Same-store sales growth averaged 3.9% over the past two years, showing it's bringing new and repeat shoppers into its stores Share repurchases have increased shareholder returns as its annual earnings per share growth of 33.2% exceeded its revenue gains over the last five years Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures Dick's is trading at $188 per share, or 12.7x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Market Cap: $80.4 billion Serving both the DIY customer and professional mechanic, O'Reilly Automotive (NASDAQ:ORLY) is an auto parts and accessories retailer that sells everything from fuel pumps to car air fresheners to mufflers. Why Should You Buy ORLY? Brick-and-mortar locations are witnessing elevated demand as their same-store sales growth averaged 4.5% over the past two years Unique assortment of products and pricing power are reflected in its best-in-class gross margin of 51.3% ORLY is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders O'Reilly's stock price of $1,413 implies a valuation ratio of 30.9x forward P/E. Is now the right time to buy? See for yourself in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
2 Consumer Stocks for Long-Term Investors and 1 to Question
Retailers are adapting their business models as technology changes how people shop. Still, demand can be volatile as the industry is exposed to the ups and downs of consumer spending. This has stirred some uncertainty lately as retail stocks have tumbled by 11.8% over the past six months. This drop was worse than the S&P 500's 2% fall. Only some companies are subject to these dynamics, however, and a handful of high-quality businesses can deliver earnings growth in any environment. With that said, here are two consumer stocks we think can generate sustainable market-beating returns and one best left ignored. Market Cap: $662.5 million Promoting a message of body positivity and inclusiveness, Torrid Holdings (NYSE:CURV) is a plus-size women's apparel and accessories retailer. Why Do We Steer Clear of CURV? Disappointing same-store sales over the past two years show customers aren't responding well to its product selection and store experience Revenue base of $1.10 billion puts it at a disadvantage compared to larger competitors exhibiting economies of scale Falling earnings per share over the last five years has some investors worried as stock prices ultimately follow EPS over the long term At $6.35 per share, Torrid trades at 27.6x forward P/E. Dive into our free research report to see why there are better opportunities than CURV. Market Cap: $14.96 billion Started as a hunting supply store, Dick's Sporting Goods (NYSE:DKS) is a retailer that sells merchandise for traditional sports as well as for fitness and outdoor activities. Why Are We Fans of DKS? Same-store sales growth averaged 3.9% over the past two years, showing it's bringing new and repeat shoppers into its stores Share repurchases have increased shareholder returns as its annual earnings per share growth of 33.2% exceeded its revenue gains over the last five years Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures Dick's is trading at $188 per share, or 12.7x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Market Cap: $80.4 billion Serving both the DIY customer and professional mechanic, O'Reilly Automotive (NASDAQ:ORLY) is an auto parts and accessories retailer that sells everything from fuel pumps to car air fresheners to mufflers. Why Should You Buy ORLY? Brick-and-mortar locations are witnessing elevated demand as their same-store sales growth averaged 4.5% over the past two years Unique assortment of products and pricing power are reflected in its best-in-class gross margin of 51.3% ORLY is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders O'Reilly's stock price of $1,413 implies a valuation ratio of 30.9x forward P/E. Is now the right time to buy? See for yourself in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
