Subtext

BXP, Inc. BXP

SectorReal Estate
Transcripts68
Date range2008-01-30 – 2025-04-30
Calls charted68

Sentiment timeline

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

-8-4+0+4+82007 Q42010 Q12012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · Overall: -0.12008 Q1 · Overall: +0.52008 Q2 · Overall: +1.42008 Q3 · Overall: -2.72008 Q4 · Overall: -2.32009 Q1 · Overall: -2.92009 Q2 · Overall: -0.82009 Q3 · Overall: -0.72009 Q4 · Overall: +0.82010 Q1 · Overall: -0.82010 Q4 · Overall: +5.32011 Q1 · Overall: +2.62011 Q2 · Overall: +2.32011 Q3 · Overall: +0.12011 Q4 · Overall: +6.52012 Q1 · Overall: +4.12012 Q2 · Overall: +2.82012 Q3 · Overall: +5.62012 Q4 · Overall: +3.52013 Q1 · Overall: +4.92013 Q2 · Overall: +5.62013 Q3 · Overall: +6.12013 Q4 · Overall: +3.72014 Q1 · Overall: +6.22014 Q2 · Overall: +6.02014 Q3 · Overall: +3.42014 Q4 · Overall: +3.12015 Q1 · Overall: +4.82015 Q2 · Overall: +5.92015 Q3 · Overall: +2.62015 Q4 · Overall: +2.12016 Q1 · Overall: +1.72016 Q2 · Overall: +5.12016 Q3 · Overall: +2.32016 Q4 · Overall: +4.52017 Q1 · Overall: +3.42017 Q2 · Overall: +4.42017 Q3 · Overall: -0.52017 Q4 · Overall: +3.52018 Q1 · Overall: +3.62018 Q2 · Overall: +3.32018 Q3 · Overall: +3.02018 Q4 · Overall: +2.02019 Q1 · Overall: +5.22019 Q2 · Overall: +6.22019 Q3 · Overall: +7.02019 Q4 · Overall: +6.52020 Q1 · Overall: -7.22020 Q2 · Overall: -1.32020 Q3 · Overall: +0.62020 Q4 · Overall: -0.82021 Q1 · Overall: +1.52021 Q2 · Overall: +3.52021 Q3 · Overall: +1.72021 Q4 · Overall: +2.02022 Q1 · Overall: +5.12022 Q2 · Overall: +4.72022 Q3 · Overall: +2.42022 Q4 · Overall: +2.72023 Q1 · Overall: +1.52023 Q2 · Overall: +4.92023 Q3 · Overall: +3.82023 Q4 · Overall: +3.92024 Q1 · Overall: +0.82024 Q2 · Overall: +3.22024 Q3 · Overall: +5.62024 Q4 · Overall: +6.02025 Q1 · Overall: +1.7
Overall

CEO vs CFO

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

-33-17+0+17+332007 Q42010 Q12012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · CEO: +0.72008 Q1 · CEO: +4.32008 Q2 · CEO: -2.92008 Q3 · CEO: +3.22008 Q4 · CEO: -2.22009 Q2 · CEO: +4.82009 Q3 · CEO: -1.32010 Q1 · CEO: -1.42010 Q4 · CEO: +1.82011 Q1 · CEO: +3.92011 Q2 · CEO: +5.32011 Q3 · CEO: +3.52011 Q4 · CEO: -0.82012 Q1 · CEO: -1.12012 Q2 · CEO: -1.62012 Q3 · CEO: +11.62012 Q4 · CEO: -3.52013 Q1 · CEO: +29.02013 Q2 · CEO: +8.22013 Q3 · CEO: +4.52013 Q4 · CEO: +6.92014 Q1 · CEO: +5.42014 Q2 · CEO: +5.62014 Q3 · CEO: +4.32014 Q4 · CEO: +2.42015 Q1 · CEO: +9.32015 Q2 · CEO: +14.42015 Q3 · CEO: +5.82015 Q4 · CEO: +6.02016 Q1 · CEO: +5.72016 Q2 · CEO: +5.02016 Q3 · CEO: +9.42016 Q4 · CEO: +11.22017 Q1 · CEO: +6.22017 Q2 · CEO: +6.62017 Q3 · CEO: +5.02017 Q4 · CEO: +6.42018 Q1 · CEO: +7.22018 Q2 · CEO: +6.72018 Q3 · CEO: +6.72018 Q4 · CEO: +6.32019 Q1 · CEO: +6.32019 Q2 · CEO: +7.02019 Q3 · CEO: +11.92019 Q4 · CEO: +9.52020 Q1 · CEO: -10.22020 Q2 · CEO: +1.52020 Q3 · CEO: +3.72020 Q4 · CEO: +4.02021 Q1 · CEO: +4.12021 Q2 · CEO: +10.52021 Q3 · CEO: +6.02021 Q4 · CEO: +6.92022 Q1 · CEO: +10.42022 Q2 · CEO: +7.42022 Q3 · CEO: +5.62022 Q4 · CEO: +6.12023 Q1 · CEO: +3.12023 Q2 · CEO: +9.82023 Q3 · CEO: +5.12023 Q4 · CEO: +6.12024 Q2 · CEO: +15.42024 Q3 · CEO: +12.22024 Q4 · CEO: +16.42025 Q1 · CEO: +9.22007 Q4 · CFO: +3.52008 Q1 · CFO: +2.42008 Q2 · CFO: +0.02008 Q3 · CFO: -3.82008 Q4 · CFO: -6.62009 Q1 · CFO: -0.82009 Q2 · CFO: -4.82009 Q3 · CFO: +0.92009 Q4 · CFO: +2.72010 Q1 · CFO: +3.12010 Q4 · CFO: +5.52011 Q1 · CFO: +3.62011 Q2 · CFO: +0.92011 Q3 · CFO: +0.52011 Q4 · CFO: +10.72012 Q1 · CFO: +4.22012 Q2 · CFO: -0.42012 Q3 · CFO: +5.02012 Q4 · CFO: +5.82013 Q1 · CFO: -1.92013 Q2 · CFO: +5.82013 Q3 · CFO: +11.22013 Q4 · CFO: +7.62014 Q1 · CFO: +12.02014 Q2 · CFO: +4.82014 Q3 · CFO: +6.52014 Q4 · CFO: +5.12015 Q1 · CFO: +1.12015 Q2 · CFO: +2.92015 Q3 · CFO: +2.92015 Q4 · CFO: +1.72016 Q1 · CFO: +1.52016 Q2 · CFO: +4.22016 Q3 · CFO: +1.42016 Q4 · CFO: +3.12017 Q1 · CFO: -1.22017 Q2 · CFO: +3.82017 Q3 · CFO: -0.62017 Q4 · CFO: +5.92018 Q1 · CFO: +5.52018 Q2 · CFO: +4.42018 Q3 · CFO: +2.52018 Q4 · CFO: +5.02019 Q1 · CFO: +6.72019 Q2 · CFO: +7.02019 Q3 · CFO: +5.22019 Q4 · CFO: +14.52020 Q1 · CFO: -4.92020 Q2 · CFO: -3.42020 Q3 · CFO: +1.42020 Q4 · CFO: +4.42021 Q1 · CFO: -1.12021 Q2 · CFO: +6.62021 Q3 · CFO: +4.42021 Q4 · CFO: +4.22022 Q1 · CFO: +12.82022 Q2 · CFO: +11.32022 Q3 · CFO: +5.12022 Q4 · CFO: +0.52023 Q1 · CFO: +4.62023 Q2 · CFO: +13.22023 Q3 · CFO: -3.92023 Q4 · CFO: -2.32024 Q2 · CFO: -7.92024 Q3 · CFO: +10.22024 Q4 · CFO: -2.72025 Q1 · CFO: +2.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-15+0+15+312007 Q42010 Q12012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12007 Q4 · Prepared remarks: +1.92008 Q1 · Prepared remarks: +2.52008 Q2 · Prepared remarks: +1.32008 Q3 · Prepared remarks: -5.42008 Q4 · Prepared remarks: -8.22009 Q1 · Prepared remarks: -1.02009 Q2 · Prepared remarks: -4.12009 Q3 · Prepared remarks: +1.22009 Q4 · Prepared remarks: +3.62010 Q1 · Prepared remarks: +1.02010 Q4 · Prepared remarks: +5.32011 Q1 · Prepared remarks: +2.92011 Q2 · Prepared remarks: +2.12011 Q3 · Prepared remarks: +0.32011 Q4 · Prepared remarks: +3.42012 Q1 · Prepared remarks: +7.52012 Q2 · Prepared remarks: +3.72012 Q3 · Prepared remarks: +4.82012 Q4 · Prepared remarks: +3.52013 Q1 · Prepared remarks: +7.02013 Q2 · Prepared remarks: +7.52013 Q3 · Prepared remarks: +8.62013 Q4 · Prepared remarks: +5.92014 Q1 · Prepared remarks: +6.12014 Q2 · Prepared remarks: +5.42014 Q3 · Prepared remarks: +2.32014 Q4 · Prepared remarks: +3.32015 Q1 · Prepared remarks: +3.82015 Q2 · Prepared remarks: +4.62015 Q3 · Prepared remarks: +3.42015 Q4 · Prepared remarks: +1.02016 Q1 · Prepared remarks: +3.12016 Q2 · Prepared remarks: +3.02016 Q3 · Prepared remarks: +3.42016 Q4 · Prepared remarks: +3.52017 Q1 · Prepared remarks: +3.52017 Q2 · Prepared remarks: +6.02017 Q3 · Prepared remarks: +1.42017 Q4 · Prepared remarks: +7.82018 Q1 · Prepared remarks: +7.32018 Q2 · Prepared remarks: +6.42018 Q3 · Prepared remarks: +4.92018 Q4 · Prepared remarks: +5.42019 Q1 · Prepared remarks: +5.82019 Q2 · Prepared remarks: +7.92019 Q3 · Prepared remarks: +8.82019 Q4 · Prepared remarks: +10.52020 Q1 · Prepared remarks: -10.92020 Q2 · Prepared remarks: -4.32020 Q3 · Prepared remarks: +0.62020 Q4 · Prepared remarks: +3.12021 Q1 · Prepared remarks: +0.22021 Q2 · Prepared remarks: +7.82021 Q3 · Prepared remarks: +1.32021 Q4 · Prepared remarks: +6.52022 Q1 · Prepared remarks: +8.72022 Q2 · Prepared remarks: +7.92022 Q3 · Prepared remarks: +3.72022 Q4 · Prepared remarks: +8.72023 Q1 · Prepared remarks: +3.82023 Q2 · Prepared remarks: +5.82023 Q3 · Prepared remarks: +6.52023 Q4 · Prepared remarks: +2.32024 Q1 · Prepared remarks: +26.62024 Q2 · Prepared remarks: +4.22024 Q3 · Prepared remarks: +9.22024 Q4 · Prepared remarks: +7.32025 Q1 · Prepared remarks: +2.02007 Q4 · Q&A responses: -0.12008 Q1 · Q&A responses: +1.02008 Q2 · Q&A responses: +3.42008 Q3 · Q&A responses: +2.12008 Q4 · Q&A responses: +5.32009 Q1 · Q&A responses: -1.72009 Q2 · Q&A responses: +2.52009 Q3 · Q&A responses: -1.32009 Q4 · Q&A responses: +0.42010 Q1 · Q&A responses: +0.72010 Q4 · Q&A responses: +0.02011 Q1 · Q&A responses: +2.22011 Q2 · Q&A responses: +9.72011 Q3 · Q&A responses: +1.72011 Q4 · Q&A responses: +11.52012 Q1 · Q&A responses: +2.22012 Q2 · Q&A responses: +3.32012 Q3 · Q&A responses: +9.22012 Q4 · Q&A responses: +5.82013 Q1 · Q&A responses: +5.12013 Q2 · Q&A responses: +5.82013 Q3 · Q&A responses: +6.22013 Q4 · Q&A responses: +4.42014 Q2 · Q&A responses: +8.72014 Q3 · Q&A responses: +6.12014 Q4 · Q&A responses: +4.82015 Q1 · Q&A responses: +6.32015 Q2 · Q&A responses: +7.22015 Q3 · Q&A responses: +3.32015 Q4 · Q&A responses: +5.92016 Q1 · Q&A responses: +2.02016 Q2 · Q&A responses: +7.22016 Q3 · Q&A responses: +3.72016 Q4 · Q&A responses: +9.02017 Q1 · Q&A responses: +6.42017 Q2 · Q&A responses: +4.12017 Q3 · Q&A responses: +1.52017 Q4 · Q&A responses: +3.52018 Q1 · Q&A responses: +3.52018 Q2 · Q&A responses: +4.52018 Q3 · Q&A responses: +3.52018 Q4 · Q&A responses: +4.32019 Q1 · Q&A responses: +6.02019 Q2 · Q&A responses: +6.52019 Q3 · Q&A responses: +7.62019 Q4 · Q&A responses: +5.02020 Q1 · Q&A responses: -4.72020 Q2 · Q&A responses: +2.52020 Q3 · Q&A responses: +3.32020 Q4 · Q&A responses: -0.32021 Q1 · Q&A responses: +4.32021 Q2 · Q&A responses: +2.22021 Q3 · Q&A responses: +9.52021 Q4 · Q&A responses: +3.42022 Q1 · Q&A responses: +6.42022 Q2 · Q&A responses: +4.72022 Q3 · Q&A responses: +3.72022 Q4 · Q&A responses: -0.52023 Q1 · Q&A responses: +3.32023 Q2 · Q&A responses: +7.92023 Q3 · Q&A responses: +2.32023 Q4 · Q&A responses: +8.02024 Q1 · Q&A responses: +2.72024 Q2 · Q&A responses: +3.92024 Q3 · Q&A responses: +6.02024 Q4 · Q&A responses: +7.62025 Q1 · Q&A responses: +5.4
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

$1.52$2.69$3.852007 Q42010 Q12012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12014 Q1: $1.862014 Q2: $1.932014 Q3: $2.132014 Q4: $2.152015 Q1: $2.022015 Q2: $2.702015 Q3: $2.312015 Q4: $2.442016 Q1: $2.672016 Q2: $2.792016 Q3: $3.272016 Q4: $2.822017 Q1: $2.422017 Q2: $2.832017 Q3: $2.882017 Q4: $2.812018 Q1: $3.052018 Q2: $2.812018 Q3: $3.152018 Q4: $3.102019 Q1: $3.112019 Q2: $3.462019 Q3: $3.262019 Q4: $3.532020 Q1: $3.692020 Q2: $3.592020 Q3: $3.252020 Q4: $2.722021 Q1: $2.682021 Q2: $2.752021 Q3: $2.772021 Q4: $2.972022 Q1: $3.192022 Q2: $3.382022 Q3: $3.482022 Q4: $2.412023 Q1: $2.432023 Q2: $2.352023 Q3: $2.382023 Q4: $2.482024 Q1: $2.152024 Q2: $2.062024 Q3: $1.952024 Q4: $1.68

Forward P/E

18.8546.2573.652007 Q42010 Q12012 Q42015 Q12017 Q22019 Q32021 Q42024 Q12014 Q1: 60.302014 Q2: 60.752014 Q3: 55.242014 Q4: 61.392015 Q1: 69.872015 Q2: 47.002015 Q3: 51.072015 Q4: 53.342016 Q1: 47.042016 Q2: 45.332016 Q3: 41.252016 Q4: 44.372017 Q1: 55.012017 Q2: 44.822017 Q3: 41.652017 Q4: 44.972018 Q1: 41.182018 Q2: 42.632018 Q3: 39.482018 Q4: 38.072019 Q1: 43.392019 Q2: 39.622019 Q3: 40.012019 Q4: 38.372020 Q1: 23.892020 Q2: 27.132020 Q3: 27.692020 Q4: 37.022021 Q1: 39.562021 Q2: 44.122021 Q3: 40.212021 Q4: 38.942022 Q1: 38.832022 Q2: 27.232022 Q3: 24.062022 Q4: 28.852023 Q1: 22.632023 Q2: 23.082023 Q3: 26.832023 Q4: 27.462024 Q1: 29.852024 Q2: 30.122024 Q3: 41.792024 Q4: 44.18

Divergence watch ⚑

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

  • 2014 Q3 tone ↓ -2.6 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -2.8 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +2.3 fwd EPS ↓ -0.45 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -4.9 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +4.0 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -13.7 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.0 fwd EPS ↓ -0.10 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↑ +2.4 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2022 Q3 tone ↓ -2.3 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↑ +3.5 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↑ +2.4 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↑ +2.4 fwd EPS ↓ -0.11 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+1.7——View →
2024 Q42025-01-29+6.0$1.6844.2View →
2024 Q32024-10-30+5.6$1.9541.8View →
2024 Q22024-07-31+3.2$2.0630.1View →
2024 Q12024-05-01+0.8$2.1529.9View →
2023 Q42024-01-31+3.9$2.4827.5View →
2023 Q32023-11-02+3.8$2.3826.8View →
2023 Q22023-08-02+4.9$2.3523.1View →