{
  "report_rows": [
    {
      "kpi": "Q2 2026 Real Estate FFO per share",
      "prediction": "BEAT",
      "answer": "pred ~$3.23 vs. cons $3.18",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 total revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.79B vs. cons $1.61B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 domestic property NOI growth",
      "prediction": "BEAT",
      "answer": "pred ~5.3% vs. cons 5.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Real Estate FFO per share guidance midpoint",
      "prediction": "BETTER",
      "answer": "guide ~$13.28 vs. cons $13.22 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Quarterly common dividend per share",
      "prediction": "BETTER",
      "answer": "guide ~$2.30 vs. cons $2.25 (Q3 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.2,
  "day5_path": "FADE",
  "day5_rationale": "A Q2 Real Estate FFO beat and modest FY2026 guidance increase should lift estimates initially, but guide midpoint ~$13.28 less predicted first-half FFO of ~$6.40 implies second-half FFO of ~$6.88 versus consensus near $6.87; nearly unchanged out-period math and a rich valuation should partially fade the day-1 gain.",
  "day5_confidence": "MEDIUM"
}