{
  "report_rows": [
    {
      "kpi": "Core FFO per diluted share (2026Q2)",
      "prediction": "BEAT",
      "answer": "pred ~$4.07 vs. cons $3.98",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property revenue growth (2026Q2)",
      "prediction": "BEAT",
      "answer": "pred ~3.1% vs. cons 3.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property NOI growth (2026Q2)",
      "prediction": "BEAT",
      "answer": "pred ~2.7% vs. cons 2.6%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Core FFO per diluted share",
      "prediction": "BETTER",
      "answer": "guide ~$16.04 vs. cons $16.02 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property revenue growth",
      "prediction": "BETTER",
      "answer": "guide ~2.7% vs. cons 2.6% (FY2026 midpoint)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property NOI growth",
      "prediction": "BETTER",
      "answer": "guide ~2.4% vs. cons 2.3% (FY2026 midpoint)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Core FFO per diluted share",
      "prediction": "LOWER",
      "answer": "guide ~$3.96 vs. cons $4.00 (2026Q3)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.4,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.6,
  "day5_path": "FADE",
  "day5_rationale": "The Q2 beat and higher same-property guidance should drive an initial positive reaction, but guide ~$3.96 vs. cons $4.00 for 2026Q3 and a FY2026 midpoint of ~$16.04 vs. cons $16.02 imply that most of the annual raise merely captures the reported-quarter beat, leaving limited positive revision to second-half estimates.",
  "day5_confidence": "MEDIUM"
}