{
  "report_rows": [
    {
      "kpi": "Q2 Core FFO per share",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.68 vs. cons $1.67",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q2 same-property revenue growth",
      "prediction": "BEAT",
      "answer": "pred ~0.5% vs. cons 0.4%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 blended lease-rate spread",
      "prediction": "IN-LINE",
      "answer": "pred ~-0.1% vs. cons 0.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Full-year Core FFO per share midpoint",
      "prediction": "UNCHANGED",
      "answer": "guide ~$6.65 vs. cons $6.65 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year same-property revenue growth midpoint",
      "prediction": "UNCHANGED",
      "answer": "guide ~0.75% vs. cons 0.75% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Third-quarter Core FFO per share midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$1.67 vs. cons $1.68 (2026Q3)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "July blended lease-rate spread commentary",
      "prediction": "LOWER",
      "answer": "guide ~0.7% vs. cons 1.0% (July 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.6,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "An in-line Q2 print is likely overshadowed by an implicit ~$0.10 reduction from the prior FY2026 Core FFO midpoint and Q3 guidance ~$0.01 below consensus. Delayed California disposition/redeployment timing and July leasing improvement below elevated expectations should pull out-period estimates lower after the initial reaction.",
  "day5_confidence": "MEDIUM"
}