{
  "report_rows": [
    {
      "kpi": "Q2 2026 Nareit FFO/share",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.20 vs. cons $1.19",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 same-property NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~2.3% vs. cons 2.2%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 blended cash leasing spreads",
      "prediction": "BEAT",
      "answer": "pred ~11.8% vs. cons 11.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Nareit FFO/share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.85 vs. cons $4.86 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Core operating earnings/share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.61 vs. cons $4.62 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property NOI growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~3.50% vs. cons 3.55% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Development and redevelopment spending guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$350M vs. cons $350M (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.1,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.4,
  "day5_path": "FADE",
  "day5_rationale": "Day-1 residual of ~-1.1% fades toward a ~-0.4% five-day residual: strong leasing and a modest NOI beat support fundamentals, but unchanged FY2026 FFO guidance of ~$4.85 versus $4.86 consensus leaves little positive out-period revision math after the stock's pre-earnings appreciation.",
  "day5_confidence": "MEDIUM"
}