{
  "report_rows": [],
  "guide_rows": [
    {
      "kpi": " FFO per share (adjusted), Q2 2026",
      "prediction": "LOWER",
      "answer": " guide ~$ Company Company6. Company0 vs. cons ~$6.35 (F Y2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "F026Y year-end occupancy guide",
      "prediction": "LOWER",
      "answer": "guide midpoint ~86.5% ( maintained) vs. cons ~86.8% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "2026 dispositions/JV completions",
      "prediction": "UNKNOWN",
      "answer": "pred ~$0.9-1.3B closed/hard vs. $2.9B target (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -4.0,
  "day5_path": "FADE",
  "day5_rationale": "Even an in-line FFO and held $6.40 guide carry a built-in declining trajectory (Q4 midpoint ~$1.45) plus an explicitly soft Q2 occupancy print; out-period math and the looming 2027 expiration cliff (~1.5M SF, ~$97M ARR) keep estimate revisions biased down. Any disposition slippage vs. the ~August-weighted $2.9B target confirms the 'no trough for years' bear thesis. A relief pop on a held guide/dividend tends to fade absent hard, de-levering closings.",
  "day5_confidence": "LOW"
}