{
  "report_rows": [
    {
      "kpi": "Normalized FFO/share",
      "prediction": "BEAT",
      "answer": "pred ~$0.970 vs. cons $0.9568",
      "confidence": "LOW"
    },
    {
      "kpi": "SHOP same-store NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~18.0% vs. cons 16.86%",
      "confidence": "LOW"
    },
    {
      "kpi": "SHOP occupancy",
      "prediction": "IN-LINE",
      "answer": "pred ~91.2% vs. cons 90.91%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 Normalized FFO/share",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.82-$3.89 vs. cons $3.8779",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 SHOP same-store NOI growth",
      "prediction": "LOWER",
      "answer": "guide ~16.0% vs. cons 16.38%",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 investment volume",
      "prediction": "BETTER",
      "answer": "guide ~$3.0B vs. cons $2.95B",
      "confidence": "LOW"
    },
    {
      "kpi": "2H26 selling-season commentary",
      "prediction": "UNCHANGED",
      "answer": "guide ~strong but not incrementally stronger vs. no numeric consensus",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -3.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": -4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 implicit 4Q cut drives revisions",
  "day5_confidence": "LOW"
}