{
  "report_rows": [
    {
      "kpi": "Q2 2026 Core FFO per share",
      "prediction": "BEAT",
      "answer": "pred ~$1.87 vs. cons $1.85",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 comparable-property POI growth",
      "prediction": "BEAT",
      "answer": "pred ~2.3% vs. cons 2.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 comparable cash leasing spreads",
      "prediction": "BEAT",
      "answer": "pred ~12.5% vs. cons 11.0%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Core FFO per share guidance",
      "prediction": "BETTER",
      "answer": "guide ~$7.50-$7.58 midpoint $7.54 vs. cons $7.52 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Core FFO per share quarterly cadence",
      "prediction": "LOWER",
      "answer": "guide ~$1.86 vs. cons $1.87 (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Executed-but-not-yet-occupied annualized rent backlog",
      "prediction": "BETTER",
      "answer": "guide ~$38M vs. cons $36M (2026-2027 realization period)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.6,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.8,
  "day5_path": "FADE",
  "day5_rationale": "Q2 FFO of ~$1.87 versus $1.85 consensus and a FY2026 midpoint of ~$7.54 versus $7.52 support the initial gain, but Q3 cadence of ~$1.86 versus $1.87 implies limited out-period estimate revisions, causing part of the day-1 move to fade.",
  "day5_confidence": "MEDIUM"
}