Subtext

Healthpeak Properties, Inc. DOC

SectorReal Estate
Transcripts20
Date range2020-05-07 – 2025-04-25
Calls charted20

Sentiment timeline

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

-17-8+0+8+172020 Q12020 Q42021 Q32022 Q22023 Q12024 Q12024 Q42020 Q1 · Overall: +0.12020 Q2 · Overall: +7.42020 Q3 · Overall: +10.22020 Q4 · Overall: +13.32021 Q1 · Overall: +6.42021 Q2 · Overall: +12.32021 Q3 · Overall: +13.42021 Q4 · Overall: +14.02022 Q1 · Overall: +13.72022 Q2 · Overall: +13.52022 Q3 · Overall: +9.22022 Q4 · Overall: +13.22023 Q1 · Overall: +9.32023 Q2 · Overall: +12.52023 Q4 · Overall: +6.12024 Q1 · Overall: -0.22024 Q2 · Overall: +14.72024 Q3 · Overall: +12.82024 Q4 · Overall: +7.42025 Q1 · Overall: +8.6
Overall

CEO vs CFO

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

-30-15+0+15+302020 Q12020 Q42021 Q32022 Q22023 Q12024 Q12024 Q42020 Q1 · CEO: +1.82020 Q2 · CEO: +13.52020 Q3 · CEO: +11.62020 Q4 · CEO: +19.82021 Q1 · CEO: +9.52021 Q2 · CEO: +4.12021 Q3 · CEO: +16.82021 Q4 · CEO: +26.22022 Q1 · CEO: +20.12022 Q2 · CEO: +17.22022 Q3 · CEO: +18.82022 Q4 · CEO: +19.02023 Q1 · CEO: +9.52023 Q2 · CEO: +12.82024 Q2 · CEO: +19.52024 Q3 · CEO: +20.02024 Q4 · CEO: +12.92025 Q1 · CEO: +12.52020 Q1 · CFO: -2.02020 Q2 · CFO: +12.92020 Q3 · CFO: +11.42020 Q4 · CFO: +5.72021 Q1 · CFO: +11.52021 Q2 · CFO: +19.12021 Q4 · CFO: +9.92022 Q1 · CFO: +14.22022 Q2 · CFO: +15.82022 Q3 · CFO: +14.82022 Q4 · CFO: +17.72023 Q1 · CFO: +18.52023 Q2 · CFO: +14.52024 Q1 · CFO: +7.82024 Q3 · CFO: +14.72024 Q4 · CFO: +8.02025 Q1 · CFO: +25.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-16+0+16+332020 Q12020 Q42021 Q32022 Q22023 Q12024 Q12024 Q42020 Q1 · Prepared remarks: +4.22020 Q2 · Prepared remarks: +14.12020 Q3 · Prepared remarks: +16.22020 Q4 · Prepared remarks: +18.12021 Q1 · Prepared remarks: +16.72021 Q2 · Prepared remarks: +27.12021 Q3 · Prepared remarks: +20.72021 Q4 · Prepared remarks: +26.82022 Q1 · Prepared remarks: +18.82022 Q2 · Prepared remarks: +26.02022 Q3 · Prepared remarks: +12.92022 Q4 · Prepared remarks: +20.42023 Q1 · Prepared remarks: +11.92023 Q2 · Prepared remarks: +22.72023 Q4 · Prepared remarks: +25.92024 Q1 · Prepared remarks: +15.92024 Q2 · Prepared remarks: +28.62024 Q3 · Prepared remarks: +16.72024 Q4 · Prepared remarks: +14.02025 Q1 · Prepared remarks: +21.72020 Q1 · Q&A responses: +0.92020 Q2 · Q&A responses: +7.42020 Q3 · Q&A responses: +13.02020 Q4 · Q&A responses: +15.12021 Q1 · Q&A responses: +7.32021 Q2 · Q&A responses: +5.42021 Q3 · Q&A responses: +11.62021 Q4 · Q&A responses: +13.62022 Q1 · Q&A responses: +13.22022 Q2 · Q&A responses: +14.02022 Q3 · Q&A responses: +17.52022 Q4 · Q&A responses: +15.92023 Q1 · Q&A responses: +12.32023 Q2 · Q&A responses: +9.52023 Q4 · Q&A responses: +11.42024 Q1 · Q&A responses: +6.22024 Q2 · Q&A responses: +14.72024 Q3 · Q&A responses: +16.72024 Q4 · Q&A responses: +7.82025 Q1 · Q&A responses: +9.3
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

$0.18$0.38$0.572020 Q12020 Q42021 Q32022 Q22023 Q12024 Q12024 Q42020 Q1: $0.322020 Q2: $0.402020 Q3: $0.282020 Q4: $0.212021 Q1: $0.422021 Q2: $0.482021 Q3: $0.522021 Q4: $0.372022 Q1: $0.442022 Q2: $0.462022 Q3: $0.452022 Q4: $0.482023 Q1: $0.402023 Q2: $0.552023 Q4: $0.472024 Q1: $0.422024 Q2: $0.392024 Q3: $0.30

Forward P/E

29.4491.32153.212020 Q12020 Q42021 Q32022 Q22023 Q12024 Q12024 Q42020 Q1: 64.652020 Q2: 70.812020 Q3: 103.352020 Q4: 144.672021 Q1: 77.822021 Q2: 71.312021 Q3: 67.832021 Q4: 93.082022 Q1: 74.892022 Q2: 52.982022 Q3: 59.042022 Q4: 53.102023 Q1: 53.492023 Q2: 37.982023 Q4: 40.832024 Q1: 40.802024 Q2: 50.602024 Q3: 74.35

Divergence watch ⚑

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

  • 2020 Q3 tone ↑ +2.8 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↑ +3.1 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -6.9 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +14.9 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-25+8.6——View →
2024 Q42025-02-04+7.4——View →
2024 Q32024-10-25+12.8$0.3074.3View →
2024 Q22024-07-26+14.7$0.3950.6View →
2024 Q12024-04-26-0.2$0.4240.8View →
2023 Q42024-02-09+6.1$0.4740.8View →
2023 Q22023-08-03+12.5$0.5538.0View →
2023 Q12023-05-04+9.3$0.4053.5View →