{
  "report_rows": [
    {
      "kpi": "Core FFO / share (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$2.07 vs. cons $2.06",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store revenue growth (Q2'26 YoY)",
      "prediction": "BEAT",
      "answer": "pred ~+2.0% vs. cons ~+1.5%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store NOI growth (Q2'26 YoY)",
      "prediction": "BEAT",
      "answer": "pred ~+2.5% vs. cons ~+1.2% (easy -3.1% comp)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 Core FFO/share range (pre-committed reset)",
      "prediction": "BETTER",
      "answer": "guide raised to ~$8.15-$8.40 (mid ~$8.28) vs. prior/cons ~$8.20 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 Same-store revenue growth",
      "prediction": "BETTER",
      "answer": "guide raised to ~+1.5% (mid) vs. cons/prior ~+1.0% (range -0.5%/+1.5%) (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 Same-store NOI growth",
      "prediction": "BETTER",
      "answer": "guide raised to ~+1.5% vs. prior mid ~+0.5% (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 expense growth (insurance renewal favorable)",
      "prediction": "LOWER",
      "answer": "guide ~+2.5% vs. prior mid ~+2.75% (range +2.0%/+3.5%) (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Peak-season street rate / occupancy trend commentary",
      "prediction": "UNKNOWN",
      "answer": "pred street rates ~flat-to-+1% vs. April ahead-of-budget pace; occ ~93.5% vs. 94.6% comp (Q2-Q3'26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest, pre-telegraphed guidance raise plus easy NOI comp should drive a small positive day-1 idiosyncratic move, but with the stock already +13% YTD near range highs and the raise partly priced, the beat is largely in the print. Out-period math is mixed: FY revenue/NOI revised up on the leasing-season reset, but decelerating new-customer street rates and tougher H2 comps cap upward estimate momentum, so revisions net only slightly higher \u2014 the initial pop holds rather than compounding or fully fading.",
  "day5_confidence": "LOW"
}