{
  "report_rows": [
    {
      "kpi": "Core FFO per share",
      "prediction": "BEAT",
      "answer": "pred ~$0.49 vs. cons $0.48",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store core revenue growth",
      "prediction": "BEAT",
      "answer": "pred ~2.2% vs. cons 2.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~0.8% vs. cons 0.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Core FFO per share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.94 vs. cons $1.94 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY2026 same-store core revenue growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~1.9% vs. cons 1.9% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 same-store NOI growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~1.2% vs. cons 1.2% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2H 2026 new-lease rent-growth commentary",
      "prediction": "BETTER",
      "answer": "guide ~2.0% vs. cons 1.0% (2H 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.2,
  "day5_path": "FADE",
  "day5_rationale": "A modest operating beat and constructive peak-season leasing read should support an initial move of ~2.8% versus an estimated ~1.2% five-day residual return, but unchanged FY2026 Core FFO, revenue, and NOI guideposts imply limited out-period estimate revisions; the initial upside should therefore fade as investors focus on still-modest full-year NOI growth and capital-allocation/leverage tradeoffs.",
  "day5_confidence": "MEDIUM"
}