Subtext

Alexandria Real Estate Equities, Inc. ARE

SectorReal Estate
Transcripts68
Date range2008-02-12 – 2025-04-29
Calls charted68

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · Overall: +7.92008 Q1 · Overall: +10.12008 Q2 · Overall: +12.12008 Q3 · Overall: +2.62008 Q4 · Overall: +1.22009 Q2 · Overall: +2.32009 Q4 · Overall: +3.52010 Q1 · Overall: +4.72010 Q2 · Overall: +6.72010 Q3 · Overall: +9.82010 Q4 · Overall: +5.72011 Q1 · Overall: +9.52011 Q2 · Overall: +7.82011 Q3 · Overall: +1.92011 Q4 · Overall: +4.82012 Q1 · Overall: +3.12012 Q2 · Overall: +4.22012 Q3 · Overall: +7.32012 Q4 · Overall: +5.12013 Q1 · Overall: +5.22013 Q2 · Overall: +8.12013 Q3 · Overall: +8.12013 Q4 · Overall: +8.72014 Q1 · Overall: +11.82014 Q2 · Overall: +12.02014 Q3 · Overall: +9.32014 Q4 · Overall: +5.82015 Q1 · Overall: +10.82015 Q2 · Overall: +8.62015 Q3 · Overall: +4.52015 Q4 · Overall: +8.72016 Q1 · Overall: +6.02016 Q2 · Overall: +9.22016 Q3 · Overall: +13.62016 Q4 · Overall: +9.02017 Q1 · Overall: +9.42017 Q2 · Overall: +11.32017 Q3 · Overall: +11.62017 Q4 · Overall: +13.82018 Q1 · Overall: +10.62018 Q2 · Overall: +13.02018 Q3 · Overall: +12.12018 Q4 · Overall: +11.32019 Q1 · Overall: +9.32019 Q2 · Overall: +10.42019 Q3 · Overall: +11.12019 Q4 · Overall: +4.12020 Q1 · Overall: +5.02020 Q2 · Overall: +0.62020 Q3 · Overall: +4.42020 Q4 · Overall: +7.92021 Q1 · Overall: +9.52021 Q2 · Overall: +9.82021 Q3 · Overall: +8.22021 Q4 · Overall: +11.32022 Q1 · Overall: +10.32022 Q2 · Overall: +13.02022 Q3 · Overall: +7.12022 Q4 · Overall: +9.32023 Q1 · Overall: +6.42023 Q2 · Overall: +10.92023 Q3 · Overall: +6.32023 Q4 · Overall: +7.12024 Q1 · Overall: +6.92024 Q2 · Overall: +5.72024 Q3 · Overall: +13.12024 Q4 · Overall: +6.12025 Q1 · Overall: +8.3
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-25-12+0+12+252007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · CEO: +9.62008 Q1 · CEO: +10.32008 Q2 · CEO: +14.72008 Q3 · CEO: +8.22008 Q4 · CEO: +8.92009 Q2 · CEO: +3.72009 Q4 · CEO: +5.82010 Q1 · CEO: +9.32010 Q2 · CEO: +8.02010 Q3 · CEO: +12.42010 Q4 · CEO: +7.82011 Q1 · CEO: +16.02011 Q2 · CEO: +11.72011 Q3 · CEO: +6.72011 Q4 · CEO: +11.52012 Q1 · CEO: +5.42012 Q2 · CEO: +7.52012 Q3 · CEO: +11.42012 Q4 · CEO: +6.42013 Q1 · CEO: +8.52013 Q2 · CEO: +11.52013 Q3 · CEO: +9.82013 Q4 · CEO: +10.42014 Q1 · CEO: +16.82014 Q2 · CEO: +16.12014 Q3 · CEO: +16.42014 Q4 · CEO: +7.92015 Q1 · CEO: +21.52015 Q2 · CEO: +12.52018 Q1 · CEO: +20.22018 Q3 · CEO: +11.82022 Q2 · CEO: +13.52007 Q4 · CFO: +5.62008 Q1 · CFO: +4.72008 Q2 · CFO: +10.82008 Q3 · CFO: -1.32008 Q4 · CFO: -6.02009 Q2 · CFO: +3.72009 Q4 · CFO: +2.42010 Q1 · CFO: +2.72010 Q2 · CFO: +8.32010 Q3 · CFO: +10.62010 Q4 · CFO: +6.12011 Q1 · CFO: +10.02011 Q2 · CFO: +7.12011 Q3 · CFO: +2.32011 Q4 · CFO: +0.62012 Q1 · CFO: -0.82012 Q2 · CFO: +2.22012 Q3 · CFO: +1.02012 Q4 · CFO: -10.12013 Q1 · CFO: -2.22013 Q2 · CFO: +4.42013 Q3 · CFO: +1.32013 Q4 · CFO: +7.02014 Q1 · CFO: +12.22014 Q2 · CFO: +14.62014 Q3 · CFO: +10.62014 Q4 · CFO: +8.12015 Q1 · CFO: +7.92015 Q2 · CFO: +10.32015 Q3 · CFO: +11.62018 Q3 · CFO: +21.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-36-18+0+18+362007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · Prepared remarks: +8.12008 Q1 · Prepared remarks: +12.52008 Q2 · Prepared remarks: +12.32008 Q3 · Prepared remarks: +4.72008 Q4 · Prepared remarks: +3.02009 Q2 · Prepared remarks: +5.22009 Q4 · Prepared remarks: +8.12010 Q1 · Prepared remarks: +8.92010 Q2 · Prepared remarks: +10.92010 Q3 · Prepared remarks: +12.52010 Q4 · Prepared remarks: +10.22011 Q1 · Prepared remarks: +12.92011 Q2 · Prepared remarks: +8.62011 Q3 · Prepared remarks: +6.42011 Q4 · Prepared remarks: +10.32012 Q1 · Prepared remarks: +8.82012 Q2 · Prepared remarks: +7.72012 Q3 · Prepared remarks: +7.72012 Q4 · Prepared remarks: +14.02013 Q1 · Prepared remarks: +7.12013 Q2 · Prepared remarks: +10.92013 Q3 · Prepared remarks: +9.12013 Q4 · Prepared remarks: +10.32014 Q1 · Prepared remarks: +12.52014 Q2 · Prepared remarks: +16.62014 Q3 · Prepared remarks: +11.42014 Q4 · Prepared remarks: +11.82015 Q1 · Prepared remarks: +11.32015 Q2 · Prepared remarks: +14.52015 Q3 · Prepared remarks: +14.02015 Q4 · Prepared remarks: +9.72016 Q1 · Prepared remarks: +14.72016 Q2 · Prepared remarks: +18.42016 Q3 · Prepared remarks: +16.62016 Q4 · Prepared remarks: +23.82017 Q1 · Prepared remarks: +22.82017 Q2 · Prepared remarks: +23.02017 Q3 · Prepared remarks: +24.52017 Q4 · Prepared remarks: +31.32018 Q1 · Prepared remarks: +19.92018 Q2 · Prepared remarks: +21.42018 Q3 · Prepared remarks: +16.12018 Q4 · Prepared remarks: +19.62019 Q1 · Prepared remarks: +13.02019 Q2 · Prepared remarks: +14.32019 Q3 · Prepared remarks: +15.32019 Q4 · Prepared remarks: +31.02020 Q1 · Prepared remarks: +10.72020 Q2 · Prepared remarks: +15.92020 Q3 · Prepared remarks: +30.82020 Q4 · Prepared remarks: +12.82021 Q1 · Prepared remarks: +19.92021 Q2 · Prepared remarks: +16.92021 Q3 · Prepared remarks: +11.72021 Q4 · Prepared remarks: +21.52022 Q1 · Prepared remarks: +20.62022 Q2 · Prepared remarks: +20.82022 Q3 · Prepared remarks: +12.52022 Q4 · Prepared remarks: +15.02023 Q1 · Prepared remarks: +11.72023 Q2 · Prepared remarks: +18.62023 Q3 · Prepared remarks: +10.32023 Q4 · Prepared remarks: +13.12024 Q1 · Prepared remarks: +13.72024 Q2 · Prepared remarks: +12.82024 Q3 · Prepared remarks: +14.72024 Q4 · Prepared remarks: +12.92025 Q1 · Prepared remarks: +13.42008 Q1 · Q&A responses: +10.82008 Q3 · Q&A responses: +4.22008 Q4 · Q&A responses: +2.62009 Q2 · Q&A responses: +1.32009 Q4 · Q&A responses: -1.62010 Q1 · Q&A responses: -3.22010 Q2 · Q&A responses: +5.32010 Q3 · Q&A responses: +7.22010 Q4 · Q&A responses: +4.22011 Q1 · Q&A responses: +11.02011 Q2 · Q&A responses: +8.42011 Q3 · Q&A responses: +2.52011 Q4 · Q&A responses: +4.42012 Q1 · Q&A responses: +0.62012 Q2 · Q&A responses: +4.52012 Q3 · Q&A responses: +10.02012 Q4 · Q&A responses: +0.02013 Q1 · Q&A responses: +6.12013 Q2 · Q&A responses: +8.42013 Q3 · Q&A responses: +10.22013 Q4 · Q&A responses: +9.52014 Q1 · Q&A responses: +13.22014 Q2 · Q&A responses: +10.12014 Q3 · Q&A responses: +9.82014 Q4 · Q&A responses: +3.42015 Q2 · Q&A responses: +6.62015 Q3 · Q&A responses: +2.92016 Q1 · Q&A responses: +4.02016 Q2 · Q&A responses: +6.92016 Q3 · Q&A responses: +13.02016 Q4 · Q&A responses: +4.32017 Q1 · Q&A responses: +6.82017 Q2 · Q&A responses: +8.52017 Q3 · Q&A responses: +7.02017 Q4 · Q&A responses: +10.32018 Q1 · Q&A responses: +3.62018 Q2 · Q&A responses: +7.92018 Q3 · Q&A responses: +12.82018 Q4 · Q&A responses: +8.12019 Q1 · Q&A responses: +11.02019 Q2 · Q&A responses: +10.42019 Q3 · Q&A responses: +8.42019 Q4 · Q&A responses: +5.02020 Q1 · Q&A responses: +4.72020 Q2 · Q&A responses: -0.72020 Q3 · Q&A responses: +6.92020 Q4 · Q&A responses: +7.72021 Q1 · Q&A responses: +2.02021 Q2 · Q&A responses: +6.52021 Q3 · Q&A responses: +7.02021 Q4 · Q&A responses: +5.62022 Q1 · Q&A responses: +5.52022 Q2 · Q&A responses: +6.42022 Q3 · Q&A responses: +5.82022 Q4 · Q&A responses: +9.72023 Q1 · Q&A responses: +4.82023 Q2 · Q&A responses: +10.02023 Q3 · Q&A responses: +5.92023 Q4 · Q&A responses: +4.62024 Q1 · Q&A responses: +7.72024 Q2 · Q&A responses: +4.22024 Q3 · Q&A responses: +16.32024 Q4 · Q&A responses: +4.92025 Q1 · Q&A responses: +9.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.22$2.58$3.952007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12014 Q1: $1.952014 Q2: $1.972014 Q3: $1.772014 Q4: $1.822015 Q1: $1.722015 Q2: $1.942015 Q3: $1.962015 Q4: $1.782016 Q1: $1.702016 Q2: $1.532016 Q3: $1.412016 Q4: $2.032017 Q1: $1.632017 Q2: $1.832017 Q3: $1.882017 Q4: $2.132018 Q1: $2.332018 Q2: $2.482018 Q3: $2.492018 Q4: $2.332019 Q1: $2.112019 Q2: $2.542019 Q3: $2.692019 Q4: $2.652020 Q1: $2.812020 Q2: $2.382020 Q3: $2.822020 Q4: $2.652021 Q1: $2.752021 Q2: $2.792021 Q3: $3.412021 Q4: $3.062022 Q1: $3.202022 Q2: $2.762022 Q3: $2.992022 Q4: $2.662023 Q1: $3.382023 Q2: $3.652023 Q3: $3.522023 Q4: $3.682024 Q1: $3.292024 Q2: $3.762024 Q3: $3.422024 Q4: $3.31

Forward P/E

25.9752.2278.482007 Q42010 Q32012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12014 Q1: 36.852014 Q2: 39.372014 Q3: 43.162014 Q4: 48.582015 Q1: 57.792015 Q2: 47.782015 Q3: 45.362015 Q4: 51.102016 Q1: 51.662016 Q2: 64.352016 Q3: 74.862016 Q4: 52.652017 Q1: 67.842017 Q2: 64.832017 Q3: 63.702017 Q4: 61.582018 Q1: 54.312018 Q2: 50.582018 Q3: 50.382018 Q4: 51.482019 Q1: 67.072019 Q2: 58.762019 Q3: 56.782019 Q4: 59.682020 Q1: 47.232020 Q2: 71.972020 Q3: 58.382020 Q4: 67.032021 Q1: 61.242021 Q2: 65.172021 Q3: 58.302021 Q4: 71.432022 Q1: 59.832022 Q2: 49.182022 Q3: 50.882022 Q4: 57.512023 Q1: 37.592023 Q2: 33.402023 Q3: 31.432023 Q4: 34.122024 Q1: 38.112024 Q2: 30.762024 Q3: 36.222024 Q4: 29.59

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -3.5 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↑ +5.1 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2015 Q2 tone ↓ -2.2 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +4.2 fwd EPS ↓ -0.18 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↑ +3.2 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2016 Q3 tone ↑ +4.4 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2016 Q4 tone ↓ -4.6 fwd EPS ↑ +0.62 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.2 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↑ +3.5 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2021 Q4 tone ↑ +3.1 fwd EPS ↓ -0.35 Tone rose while the forward EPS estimate was cut.
  • 2022 Q2 tone ↑ +2.7 fwd EPS ↓ -0.44 Tone rose while the forward EPS estimate was cut.
  • 2022 Q3 tone ↓ -5.9 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +2.2 fwd EPS ↓ -0.33 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↓ -2.9 fwd EPS ↑ +0.72 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +7.4 fwd EPS ↓ -0.34 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+8.3——View →
2024 Q42025-01-28+6.1$3.3129.6View →
2024 Q32024-10-22+13.1$3.4236.2View →
2024 Q22024-07-23+5.7$3.7630.8View →
2024 Q12024-04-23+6.9$3.2938.1View →
2023 Q42024-01-30+7.1$3.6834.1View →
2023 Q32023-10-24+6.3$3.5231.4View →
2023 Q22023-07-25+10.9$3.6533.4View →