{
  "report_rows": [
    {
      "kpi": "FFO per diluted share",
      "prediction": "BEAT",
      "answer": "pred ~$0.46 vs. cons $0.45",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Same-property NOI growth",
      "prediction": "IN-LINE",
      "answer": "pred ~2.4% vs. cons 2.4%",
      "confidence": "LOW"
    },
    {
      "kpi": "Economic occupancy",
      "prediction": "IN-LINE",
      "answer": "pred ~92.5% vs. cons 92.5%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Full-year FFO per diluted share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.825 vs. cons $1.83 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year same-property NOI growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~3.15% vs. cons 3.15% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2026 SNO cash-rent commencement contribution",
      "prediction": "UNCHANGED",
      "answer": "guide ~$31.0M vs. cons $31.0M (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -2,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest FFO beat of ~$0.46 versus $0.45 is likely offset by unchanged ~$1.825 FY2026 FFO guidance versus ~$1.83 consensus; with no material out-period estimate upgrade, the initial ~-1.5% residual reaction should stabilize near ~-2.0% over five days.",
  "day5_confidence": "MEDIUM"
}