{
  "report_rows": [
    {
      "kpi": "Normalized FFO/share (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.025 vs. cons $1.012",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "SS Revenue Growth YoY (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~2.45% vs. cons 2.17%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Effective Blended Lease Rate (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~2.90% vs. cons 3.00%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Normalized FFO/share (Q3 2026)",
      "prediction": "LOWER",
      "answer": "guide ~$1.03-$1.04 vs. cons $1.052",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Normalized FFO/share",
      "prediction": "UNCHANGED",
      "answer": "guide $4.02-$4.14 maintained vs. cons $4.087",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 SS Revenue Growth",
      "prediction": "UNCHANGED",
      "answer": "guide 1.2%-3.2% maintained vs. cons 2.31%",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -2.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 implicit H2 cut drives sell-side estimate revisions lower; merger overhang persists",
  "day5_confidence": "MEDIUM"
}