{
  "report_rows": [
    {
      "kpi": "Core FFO per Share - Diluted ($)",
      "prediction": "BEAT",
      "answer": "pred ~$2.84 vs. cons $2.810",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-Store NOI Growth YoY - Residential (%)",
      "prediction": "BEAT",
      "answer": "pred ~+0.3% vs. cons -0.05%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-Store Revenue Growth YoY - Residential (%)",
      "prediction": "BEAT",
      "answer": "pred ~1.6% vs. cons 1.37%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Full-Year Core FFO per Share (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$11.35-$11.40 mid vs. cons $11.331",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-Store NOI Growth (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~+0.5%-+0.8% mid vs. cons +0.532%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-Store Revenue Growth (FY 2026)",
      "prediction": "BETTER",
      "answer": "guide ~1.6%-1.8% mid vs. cons 1.645%",
      "confidence": "LOW"
    },
    {
      "kpi": "Q3 2026 Core FFO per Share",
      "prediction": "UNKNOWN",
      "answer": "guide ~$2.80-$2.86 vs. cons UNVERIFIED",
      "confidence": "LOW"
    },
    {
      "kpi": "H2 Blended Rent Commentary",
      "prediction": "BETTER",
      "answer": "reaffirm 2.5% H2 target; more confident tone",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 2.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 partial; merger arb cap limits estimate revision follow-through; development NOI ramp and FY raise provide a modest bid over 5 days",
  "day5_confidence": "LOW"
}