{
  "report_rows": [
    {
      "kpi": "Core FFO/share ex-promote (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.58 vs. cons $1.55",
      "confidence": "HIGH"
    },
    {
      "kpi": "Same-Store NOI Growth net eff. (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~6.8% vs. cons 6.3%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Occupancy - Prologis (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~95.6% vs. cons 95.4%",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Core FFO/share ex-promote (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$6.28 mid vs. cons $6.23",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Cash SS NOI Growth (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~7.1% mid vs. cons 5.3%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Avg. Occupancy (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~95.5% mid vs. cons 95.6%",
      "confidence": "HIGH"
    },
    {
      "kpi": "SEGRO / M&A commentary",
      "prediction": "UNKNOWN",
      "answer": "firm offer or walk-away signal vs. no guidance",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "STABILIZE \u2014 positive H2 estimate revisions provide floor; SEGRO July 22 deadline caps follow-through",
  "day5_confidence": "MEDIUM"
}