{
  "report_rows": [
    {
      "kpi": "Normalized FFO/share (2026 Q2)",
      "prediction": "BEAT",
      "answer": "pred ~$0.97 vs. cons $0.96",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue (2026 Q2)",
      "prediction": "BEAT",
      "answer": "pred ~$1.70B vs. cons $1.68B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "SHOP same-store cash NOI growth (2026 Q2)",
      "prediction": "BEAT",
      "answer": "pred ~16.2% vs. cons 15.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Normalized FFO/share guidance",
      "prediction": "BETTER",
      "answer": "guide ~$3.90 midpoint vs. cons $3.88 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "SHOP same-store cash NOI growth guidance",
      "prediction": "BETTER",
      "answer": "guide ~16.5% midpoint vs. cons 16.0% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.2,
  "day1_confidence": "LOW",
  "day5_residual_pct": 1.3,
  "day5_path": "FADE",
  "day5_rationale": "The initial operating beat and guidance raise should support the stock, but FY2026 guidance of ~$3.90 versus consensus of $3.88 implies only ~$1.99 of second-half FFO versus consensus near $1.98; limited out-period estimate upside and the premium valuation should cause part of the day-1 gain to fade.",
  "day5_confidence": "LOW"
}