{
  "report_rows": [
    {
      "kpi": "FFO/share (Q2'26)",
      "prediction": "MISS",
      "answer": "pred ~$1.62 vs. cons $1.65",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Revenue (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$647M vs. cons $649M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-Store Cash NOI YoY (Q2'26)",
      "prediction": "MISS",
      "answer": "pred ~-19.5% vs. cons -18.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 FFO/share guidance",
      "prediction": "LOWER",
      "answer": "guide ~$6.30-$6.45 (mid $6.35) vs. cons $6.41 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Year-end 2026 leverage (net debt/EBITDA) target",
      "prediction": "UNCHANGED",
      "answer": "guide ~6.0x vs. cons 5.6x-6.2x range (4Q26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2026 disposition/JV proceeds target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.9B midpoint vs. cons $2.9B (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.8,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Q2 occupancy/NOI weakness was largely pre-telegraphed, but confirmation of a slight FFO miss, a growing tenant wind-down reserve ($25-30M and rising), and a trimmed/narrowed FY26 FFO guide implies analysts push out the occupancy trough and cut 2H26/2027 NOI and FFO estimates further, extending the negative reaction over the week rather than a snap-back, especially if disposition timing (already pushed to August) shows further slippage.",
  "day5_confidence": "MEDIUM"
}