{
  "report_rows": [
    {
      "kpi": "Core FFO per diluted share",
      "prediction": "BEAT",
      "answer": "pred ~$1.55 vs. cons $1.53",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Prologis Share average occupancy",
      "prediction": "IN-LINE",
      "answer": "pred ~95.4% vs. cons 95.3%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net effective rent change",
      "prediction": "BEAT",
      "answer": "pred ~35.0% vs. cons 34.0%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Core FFO per diluted share",
      "prediction": "BETTER",
      "answer": "guide ~$6.18 vs. cons $6.17 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Cash same-store NOI growth",
      "prediction": "BETTER",
      "answer": "guide ~6.75% vs. cons 6.65% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Average occupancy",
      "prediction": "UNCHANGED",
      "answer": "guide ~95.38% vs. cons 95.38% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Owned-and-managed development starts, including data centers",
      "prediction": "BETTER",
      "answer": "guide ~$5.25B vs. cons $5.00B (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.2,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest ~$0.02 Core-FFO beat versus consensus, a ~$0.01 FY2026 guide increase, and evidence of data-center conversion should support upward out-period FFO revisions; SEGRO uncertainty limits but does not erase the positive revisions path.",
  "day5_confidence": "MEDIUM"
}