{
  "report_rows": [
    {
      "kpi": "Core FFO per share (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.87 vs. cons $1.85",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Comparable POI/Cash NOI growth (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~2.3% vs. cons ~2.5%",
      "confidence": "LOW"
    },
    {
      "kpi": "Portfolio leased % (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~96.4% vs. cons ~96.1%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Core FFO/share guidance",
      "prediction": "BETTER",
      "answer": "guide ~$7.50-$7.58 (mid $7.54) vs. cons $7.53 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 FFO/share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.84-$1.87 (mid $1.855) vs. cons $1.855 (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4'26 comparable NOI growth reacceleration commentary",
      "prediction": "UNCHANGED",
      "answer": "guide ~3.5%-4.0% vs. cons ~3.7% (Q4 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 0.7,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.6,
  "day5_path": "FADE",
  "day5_rationale": "Stock has already re-rated well above price targets into the print on Investor Day enthusiasm; a modest FFO beat and only incremental full-year guidance raise is largely priced in, while the flagged Q2/Q3 dip in comparable NOI growth into the 'low-2s' and the known 175bps refinancing drag give bears room to argue out-period estimates get trimmed even after a headline beat, prompting profit-taking and fade over the following days.",
  "day5_confidence": "MEDIUM"
}