{
  "report_rows": [
    {
      "kpi": "Q2 2026 normalized FFO per share",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.02 vs. cons $1.01",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 same-store revenue growth",
      "prediction": "BEAT",
      "answer": "pred ~2.7% vs. cons 2.6%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 same-store NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~2.4% vs. cons 2.2%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 normalized FFO per share",
      "prediction": "LOWER",
      "answer": "guide ~$4.08 vs. cons $4.10 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 same-store NOI growth",
      "prediction": "LOWER",
      "answer": "guide ~1.7% vs. cons 1.8% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Q3 2026 normalized FFO per share",
      "prediction": "LOWER",
      "answer": "guide ~$1.03 vs. cons $1.04 (Q3 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 0.8,
  "day1_confidence": "LOW",
  "day5_residual_pct": -0.2,
  "day5_path": "FADE",
  "day5_rationale": "Operating KPIs should support an initial gain, but FY2026 guidance of ~$4.08 versus consensus of $4.10 implies approximately $2.06 of second-half NFFO after the predicted first half, below roughly $2.09 embedded in consensus; that out-period cut should pull estimates lower and fade the headline reaction.",
  "day5_confidence": "MEDIUM"
}