{
  "report_rows": [
    {
      "kpi": "2Q26 AFFO per share",
      "prediction": "MISS",
      "answer": "pred ~$1.08 vs. cons $1.10",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 investment volume (100% basis)",
      "prediction": "BEAT",
      "answer": "pred ~$2.45B vs. cons $2.20B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 portfolio occupancy",
      "prediction": "IN-LINE",
      "answer": "pred ~98.9% vs. cons 98.9%",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 AFFO per share guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.42 vs. cons $4.42 (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 investment-volume guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$9.50B vs. cons $9.50B (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 same-store rental-revenue growth guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~1.15% vs. cons 1.15% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 lease-termination-income guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$47.5M vs. cons $47.5M (FY26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "pred -3.5% vs. day-1 -2.5%; a modest AFFO miss despite strong deployment would reinforce that 1Q termination income was not recurring, while unchanged $4.42 FY26 guidance leaves weaker implied 2H per-share accretion and prompts modest out-period estimate cuts.",
  "day5_confidence": "MEDIUM"
}