{
  "report_rows": [
    {
      "kpi": "Core FFO per share (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.09 vs. cons $2.06",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store revenue growth (Q2 2026, YoY)",
      "prediction": "BEAT",
      "answer": "pred ~2.2% vs. cons 1.9%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store NOI growth (Q2 2026, YoY)",
      "prediction": "BEAT",
      "answer": "pred ~2.2% vs. cons 1.8%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Core FFO guidance (raise/narrow)",
      "prediction": "BETTER",
      "answer": "guide ~$8.28 midpoint vs. cons $8.25 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 same-store revenue growth guidance",
      "prediction": "BETTER",
      "answer": "guide ~1.1% midpoint vs. cons 1.0% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 same-store NOI growth guidance",
      "prediction": "BETTER",
      "answer": "guide ~1.0% midpoint vs. cons 0.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 acquisitions volume guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$200M vs. cons $200M (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.8,
  "day5_path": "FADE",
  "day5_rationale": "Stock already re-rated ~15% off March lows on Nareit checks/BofA upgrade and now trades near NAV (17.8x vs ~19.5x historical FFO multiple), so a modest FFO beat plus an expected-but-already-priced-in guidance raise likely triggers an initial pop that partially fades as some investors take profits into strength; unless the raise is materially larger than the flagged low-single-digit narrowing, out-year FFO/NOI revisions are unlikely to expand enough over the week to sustain the full day-1 move, especially in a market with rising REIT-sector volatility around 10-yr yields.",
  "day5_confidence": "MEDIUM"
}