{
  "report_rows": [
    {
      "kpi": "Core FFO per diluted share",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.99 vs. cons $1.99",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.72B vs. cons $1.69B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "New leasing at DLR share, annualized GAAP rent",
      "prediction": "MISS",
      "answer": "pred ~$275M vs. cons $325M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Core FFO per share outlook",
      "prediction": "UNCHANGED",
      "answer": "guide ~$8.05 vs. cons $8.06 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 development CapEx, net of partner contributions",
      "prediction": "LOWER",
      "answer": "guide ~$4.15B vs. cons $3.80B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 signed-backlog commencement expectation at DLR share",
      "prediction": "UNCHANGED",
      "answer": "guide ~$544M vs. cons $540M (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A largely in-line Core FFO result and retained FY2026 guide would be outweighed by lower leasing versus the elevated quarterly bar and a higher development-capex funding requirement: pred ~$4.15B vs. cons $3.80B. That combination leaves out-period per-share accretion and incremental-equity concerns unresolved, pulling FY2027-28 estimates lower even if the reported quarter is adequate.",
  "day5_confidence": "MEDIUM"
}