{
  "report_rows": [
    {
      "kpi": "Core FFO per share",
      "prediction": "BEAT",
      "answer": "pred ~$4.29 vs. cons $4.23",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store revenue growth",
      "prediction": "BEAT",
      "answer": "pred ~-0.4% vs. cons -1.6%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-store NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~-0.1% vs. cons -1.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "2026 Core FFO per share guidance",
      "prediction": "BETTER",
      "answer": "guide ~$16.75 midpoint vs. cons $16.68 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2026 same-store revenue growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~-1.1% midpoint vs. cons -1.0% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "NSA run-rate synergy target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$120 million midpoint vs. cons $120 million (2028-2029 stabilization)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 3.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 5.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Day 1 residual ~+3.5% vs. day 5 cumulative residual ~+5.0%: an operational beat plus a modest FY2026 FFO-guide lift should move estimates higher, while confirmation of ~$120 million NSA synergies reduces integration-risk discounting.",
  "day5_confidence": "MEDIUM"
}