{
  "report_rows": [
    {
      "kpi": "Same-store revenue growth (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~+0.3% vs. cons -0.34%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Core FFO per share (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$4.32 vs. cons $4.25",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 Core FFO guidance (midpoint)",
      "prediction": "IN-LINE",
      "answer": "pred ~$16.95 vs. cons $16.94",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 Core FFO/share (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$16.80-$17.10 vs. cons $16.94",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 SS revenue growth (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~(1.5)%-+0.5% vs. cons -0.15%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY 2026 SS NOI growth (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~(2.5)%-0% vs. cons -0.56%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Qualitative: Move-in rate trajectory",
      "prediction": "BETTER",
      "answer": "Confirms positive busy season rates; tone shift to constructive",
      "confidence": "HIGH"
    },
    {
      "kpi": "Qualitative: LA state of emergency",
      "prediction": "LOWER",
      "answer": "H2 drag worsening reiterated; no lift yet",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 out-period math mildly negative (H2 implied ~$0.06/Q below cons); sell-side models will trim H2 estimates even on FY raise; short cover provides partial floor",
  "day5_confidence": "MEDIUM"
}