{
  "report_rows": [
    {
      "kpi": "Core FFO per diluted share",
      "prediction": "IN-LINE",
      "answer": "pred ~$4.04 vs. cons $4.08",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property revenue growth",
      "prediction": "BEAT",
      "answer": "pred ~3.8% vs. cons 3.1%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~4.6% vs. cons 3.4%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Core FFO per diluted share",
      "prediction": "LOWER",
      "answer": "guide ~$15.94 vs. cons $16.06 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY2026 same-property revenue growth",
      "prediction": "BETTER",
      "answer": "guide ~2.8% vs. cons 2.7% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 same-property NOI growth",
      "prediction": "BETTER",
      "answer": "guide ~2.6% vs. cons 2.4% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.7,
  "day5_path": "FADE",
  "day5_rationale": "Day-1 residual ~+1.8% versus a beta-adjusted S&P 500 move of ~0.0%, driven by better ~3.8% same-property revenue growth versus ~3.1% consensus and ~4.6% NOI growth versus ~3.4%. The 5-day residual fades to ~-0.7% versus ~0.0% beta-adjusted market impact because FY2026 Core FFO guidance remains ~$15.94 versus ~$16.06 consensus, leaving second-half and out-period FFO math below the Street despite an operating-guide improvement.",
  "day5_confidence": "MEDIUM"
}