{
  "report_rows": [
    {
      "kpi": "2Q26 Core FFO per share",
      "prediction": "IN-LINE",
      "answer": "pred ~$0.49 vs. cons $0.49",
      "confidence": "HIGH"
    },
    {
      "kpi": "2Q26 same-store NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~1.2% vs. cons 0.9%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 blended rent growth",
      "prediction": "BEAT",
      "answer": "pred ~2.7% vs. cons 2.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Core FFO per share",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.94 midpoint vs. cons $1.94 (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Same-store NOI growth",
      "prediction": "BETTER",
      "answer": "guide ~1.3% midpoint vs. cons 1.15% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store revenue growth",
      "prediction": "BETTER",
      "answer": "guide ~2.0% midpoint vs. cons 1.9% (FY26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.4,
  "day5_path": "FADE",
  "day5_rationale": "The operating beat should initially support the stock, but an unchanged ~$1.94 FY26 Core FFO midpoint versus consensus of $1.94 and elevated dispositions likely limit estimate revisions; cumulative residual return fades from ~2.2% on day 1 to ~1.4% by day 5.",
  "day5_confidence": "MEDIUM"
}