{
  "report_rows": [
    {
      "kpi": "2Q26 Normalized FFO per share",
      "prediction": "BEAT",
      "answer": "pred ~$0.98 vs. cons $0.97",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "SHOP same-store cash NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~16.2% vs. cons 15.8%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "SHOP same-store average occupancy",
      "prediction": "IN-LINE",
      "answer": "pred ~91.4% vs. cons 91.2%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 Normalized FFO per share guidance midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$3.86 vs. cons $3.91 (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 SHOP same-store cash NOI growth outlook",
      "prediction": "LOWER",
      "answer": "guide ~16.0% vs. cons 16.5% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 senior-housing investment-volume outlook",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.0B vs. cons ~$3.0B (FY26)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "5-day residual ~-4.5% vs. day-1 residual ~-2.5%: a modest quarterly beat is outweighed by FY26 FFO guidance near $3.86 versus ~$3.91 consensus and SHOP NOI outlook near 16.0% versus 16.5%, pulling 2026-27 estimates lower.",
  "day5_confidence": "MEDIUM"
}