{
  "report_rows": [
    {
      "kpi": "FFOA / share (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$0.63 vs. cons $0.63",
      "confidence": "HIGH"
    },
    {
      "kpi": "Same-store revenue growth (Q2'26 YoY)",
      "prediction": "IN-LINE",
      "answer": "pred ~+1.8% vs. cons ~+1.5%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store NOI growth (Q2'26 YoY)",
      "prediction": "IN-LINE",
      "answer": "pred ~+0.6% vs. cons ~+0.4%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 FFOA / share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.52 midpoint vs. cons $2.52 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 same-store revenue growth guidance",
      "prediction": "BETTER",
      "answer": "guide ~+1.5% midpoint vs. cons ~+1.25% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 same-store NOI growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~+0.25% midpoint vs. cons ~+0.125% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Dispositions / buyback (capital recycling) pace",
      "prediction": "UNKNOWN",
      "answer": "guide ~$300-400M add'l dispo + buybacks vs. cons ~$300M (FY2026 sources/uses)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -1.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -2.0,
  "day5_path": "FADE",
  "day5_rationale": "De-risked, in-line print (FFOA ~$0.63) into a stock that already rallied ~17% off the March low and has stalled below its early-July high (~$41.24 -> $39.60), so limited room for upside surprise. A held (not raised) full-year guide plus a FY SS NOI midpoint of essentially zero means growth is coming from capital allocation, not organic NOI \u2014 out-period math gives estimates no reason to rise. Deepening Sunbelt softness (FL/Nashville) and narrowing buyback accretion (stock now well above the ~$36 avg repurchase price) tilt revisions flat-to-down, so an initial muted/negative reaction fades further rather than reverses.",
  "day5_confidence": "LOW"
}