Scotiabank’s latest move on Simon Property Group did not appear to publish a separate 2026 FFO estimate in the items I found; instead, the broker raised its price target to $220 while keeping a Sector Perform rating. Simon itself had already raised full-year 2026 Real Estate FFO guidance to $13.10 to $13.25 per diluted share , and the Scotiabank note appears to be anchored to that updated company outlook rather than a distinct public FFO forecast.

What that means

  • The clearest 2026 FFO range in the available material is Simon’s own guidance: $13.10 to $13.25 per share.
  • Scotiabank’s published update, as surfaced in the search results, focused on the price target rather than stating a standalone FFO number.
  • So, if you’re asking what Scotiabank expects, the best public proxy available here is that it is broadly consistent with Simon’s raised 2026 guidance.

Publicly visible numbers

[9] [8]
Source 2026 FFO view Notes
Simon Property Group $13.10 to $13.25 per diluted share Raised full-year 2026 Real Estate FFO guidance.
Scotiabank coverage Not explicitly stated in the surfaced article Price target raised to $220, Sector Perform maintained.

Bottom line

The public evidence points to Scotiabank being constructive on SPG, but the specific 2026 FFO number that’s clearly disclosed is Simon’s own $13.10–$13.25 guidance, not a separately quoted Scotiabank estimate.