Fact-checked by Grok 2 weeks ago

SM Prime

SM Prime Holdings, Inc. (SMPH) is a leading Filipino integrated property developer and operator, specializing in the creation of sustainable lifestyle cities that encompass shopping malls, residential communities, office spaces, hotels, and convention centers primarily in the and . Incorporated on January 6, 1994, as a of Corporation, the company traces its origins to the opening of its first mall, , in 1985, and has since grown into one of Southeast Asia's largest mall operators by gross floor area, with 88 malls in the and 9 in totaling over 11.5 million square meters as of October 2025. The company's business segments include its flagship mall operations under , residential developments through SM Development Corporation (SMDC) with 92 projects, 22 office buildings managed by its Commercial Properties Group, and 18 hotels and convention centers, serving retail, residential, commercial, entertainment, and sectors. With headquarters in City, , SM Prime employs approximately 13,747 people and reported 9-month 2025 revenues of 103.4 billion and net income of 37.2 billion, with total assets of approximately 1,050 billion and a of 560 billion as of November 2025. Led by Chairman Hans T. Sy and President Jeffrey C. Lim, the firm emphasizes and , committing to and community enhancement in its developments. In 2025, SM Prime announced a 100 billion plan to fuel expansion, including the opening of three new malls, enhancements to existing properties like the 7 billion redevelopment of , construction of two new convention facilities, hotel room renovations, and growth in residential and office segments, driven by expectations of election-related spending, lower interest rates, and increased . This investment, which remains on track as of mid-2025, underscores the company's position as a key driver of the Philippine real estate sector, with over 25,900 tenants across its properties and a focus on resilient, future-proof infrastructure.

History

Founding and early years

SM Prime Holdings, Inc. traces its origins to the entrepreneurial vision of Henry Sy Sr., a immigrant who founded Shoe Mart, a small shoe store, in Manila's Carriedo Street in 1958. Starting with surplus American military boots sold during the post-World War II era, Sy expanded Shoe Mart into a chain of department stores that became a cornerstone of retail in the , emphasizing affordable and consumer goods to serve the growing . This retail foundation laid the groundwork for diversification into property development, as Sy recognized the need for dedicated spaces to house and enhance his expanding retail operations. The transition to mall development began in the 1980s amid economic challenges in the . In 1985, SM opened its first shopping mall, in , which was initially anchored by the fifth Shoe Mart department store and designed as a large-scale complex to integrate , , and community spaces. This pioneering project, built on a 16-hectare site previously considered unsuitable for development, marked SM's entry into commercial and set a model for urban hubs. By 1991, SM followed with the opening of in the Ortigas business district, Manila's second-largest mall at the time, which further solidified the company's focus on creating expansive, multi-level destinations. To formalize and expand its property ventures, SM Prime Holdings, Inc. was incorporated on January 6, 1994, as a of Corporation, with the primary mandate to develop, operate, and maintain commercial shopping centers. The initial centered on building retail-anchored malls to directly support SM Retail's department stores and supermarkets, fostering synergies between property ownership and tenancy while driving foot traffic and economic activity in surrounding areas. This approach emphasized self-sustaining ecosystems where malls served as anchors for retail growth during the company's formative years.

Growth and diversification

SM Prime Holdings, Inc. went public on the on July 5, 1994, raising approximately P6 billion through its , which funded the expansion of its early mall network. This listing marked a pivotal step in scaling operations beyond the initial four malls established in the late and early . Subsequent capital raises bolstered growth, including a 2008 block sale of shares generating P6.55 billion and a 2010 equity placement yielding $150 million (about P6.55 billion), the first such offering since the IPO, to support further domestic developments. The company accelerated its mall development in the , focusing on provincial areas to tap underserved markets outside . By 2015, SM Prime had developed over 50 malls across the , reaching 55 by year's end with a combined gross exceeding 8 million square meters, driven by openings in regions like , and other provinces. This expansion emphasized accessibility, with new facilities in secondary cities contributing to a 16% revenue increase in 2006 alone from mall operations. Diversification began in the mid-2000s with entry into office leasing through SM Offices, launched in 2005 to develop premium commercial spaces integrated with mall properties. In 2007, SM Prime expanded into residential development via SM Development Corporation (SMDC), starting with high-rise projects like Grass Residences to cater to the growing urban . These moves broadened the portfolio beyond retail, enabling synergistic developments that combined living, working, and shopping spaces. A key milestone was the 2006 opening of , the anchor of the integrated Mall of Asia Complex, which exemplified the shift toward lifestyle centers incorporating offices, residences, and entertainment. This project, along with subsequent provincial integrations, solidified SM Prime's strategy of creating self-contained urban hubs, enhancing revenue streams through mixed-use leasing by the mid-2010s.

International expansion and recent developments

SM Prime Holdings Inc. entered the international market with the opening of its first mall outside the , , in December 2001 in province, . This marked the beginning of the company's expansion into second- and third-tier Chinese cities, leveraging the founder's ties to the region. In 2007, SM Prime acquired three additional malls in Jinjiang, , and , further solidifying its presence. As of October 2025, the company operates nine malls in , including the recently opened Haicang on October 24, 2025, encompassing approximately 1.8 million square meters of gross floor area (GFA). Following the 2015 period, SM Prime achieved significant milestones, including the opening of over 30 new malls in the , expanding its domestic portfolio to 89 locations as of October 2025, including the recent openings of SM City on May 30, 2025, and SM City on October 17, 2025, with a total GFA of approximately 9.6 million square meters. The company also launched premium residential projects, such as One Place, which was completed in the first quarter of , and introduced upscale developments under the SM Residences brand targeting high-end buyers with units priced between PHP 25 million and PHP 100 million. The Integrated Report highlighted record revenues of PHP 140.4 billion, a 10% increase from the prior year; for the first nine months of 2025, revenues reached PHP 103.4 billion, a 4% increase year-over-year. Advancements in included the installation of 51.6 MW of panels across 47 properties and a commitment to by 2040. In response to the , Prime implemented digital integrations such as click-and-collect services at mall locations, logistics support for tenants, and the SM Mall Go platform to aid over 15,000 micro, small, and medium enterprises (MSMEs) with online sales tools. These measures, combined with adjusted operating hours, enhanced sanitation, and business continuity management systems certified under for 90% of malls by 2022, facilitated a strong recovery, surpassing pre-pandemic performance levels by 2023 and supporting the operation of 89 Philippine malls as of October 2025. In 2025, SM Prime executed part of its 100 billion capital expenditures plan, directing significant portions toward 14 new projects, including the openings of SM City Laoag and SM City La Union, adding approximately 102,000 square meters of GFA, while the planned SM City Zamboanga opening was delayed to early 2026. The company also outlined a 150 billion investment through 2030 for 16 major mall redevelopments and additional lifestyle centers, emphasizing upscale integrated developments that blend , residential, and sustainable features.

Business segments

Malls

, the mall development arm of SM Prime Holdings, Inc., operates as the largest mall operator in the , with 88 properties in the country and 9 in as of late 2025, totaling 97 malls across both markets. This extensive portfolio positions as a dominant force in the landscape, serving diverse communities through strategically located shopping destinations that combine accessibility with urban vitality. The development process for begins with meticulous site selection, prioritizing locations with high , strong economic potential, and to major transportation hubs to ensure viability and long-term growth. Once selected, sites are designed as integrated centers that seamlessly blend spaces, zones, and dining areas, fostering immersive experiences for visitors rather than traditional shopping-only environments. This holistic approach emphasizes open layouts, natural elements like indoor greenery, and multifunctional areas to enhance foot traffic and dwell time, reflecting a shift toward experiential that caters to evolving preferences for and . Key features of the SM Supermalls portfolio include a total gross leasable area surpassing 8 million square meters, with projections reaching 8.08 million square meters by the end of 2025 through ongoing expansions. The tenant mix is predominantly anchored by SM Retail affiliates, such as The SM Store and SM Supermarket, which occupy a significant portion of space—approximately 55% across the portfolio—while incorporating a curated selection of international brands like , , , and to attract a broad demographic. In terms of practices, SM Prime employs dynamic leasing strategies that prioritize collaboration, flexible formats, and data-driven to optimize occupancy and revenue streams. These efforts contribute to robust foot traffic, with an average of over 5 million daily visitors recorded in recent years, underscoring the malls' role as community hubs. Expansions, such as the north side development at SM City Bacolod—which added approximately 90,000 square meters of botanical-inspired and dining opening in early 2025—exemplify SM Prime's commitment to revitalizing existing properties to meet regional demands and sustain growth.

Offices

SM Prime's office leasing operations, conducted through its Commercial Properties Group under the SM Offices brand, specialize in developing and managing Grade A commercial office spaces tailored for (BPO) and corporate tenants. These properties emphasize high-quality, sustainable facilities located in prime business districts, including , , and the Mall of Asia complex in Pasay City. The tenant base primarily consists of BPO companies and multinational firms, attracted by customizable build-to-suit options, ready-to-move-in spaces, and modern amenities such as flexible workspaces designed for hybrid work models. Many buildings incorporate certifications to promote , , and eco-friendly practices, aligning with global standards for sustainable office environments. As of 2025, SM Offices' portfolio comprises 22 office towers, exceeding 1 million square meters of leasable space, reflecting significant growth in response to demand from the expanding BPO sector. A notable recent addition is the Six E-Com Center, a Grade A tower within the Mall of Asia complex, completed and launched in 2025 to further bolster the portfolio's capacity in a high-traffic business hub. SM Offices has also pursued ongoing developments in provincial areas, such as The Core Tower Three in , to tap into regional BPO growth outside . These initiatives include mall-adjacent s that leverage proximity to SM retail centers for enhanced tenant convenience.

Residential developments

SM Development Corporation (SMDC), the residential development arm of SM Prime Holdings, Inc., began operations in 2007 with the launch of its first high-rise project, Mezza Residences. Since then, SMDC has focused on developing affordable to mid-market residential properties, delivering over 100,000 units across urban centers in and provincial areas throughout the by 2025. These developments emphasize accessible housing integrated into vibrant communities, catering to young professionals and growing families seeking convenient urban living. SMDC's portfolio primarily consists of mid-rise and high-rise condominiums strategically located near lifestyle and business districts, often in synergy with SM Prime's mall ecosystem for enhanced retail and leisure access. Notable examples include the Grass Residences, a five-tower complex adjacent to SM City North EDSA in , which allocates 75% of its 3.6-hectare site to open spaces and amenities such as cascading pools and clubhouses. Under the broader SM Residences brand, SMDC has expanded its offerings to include a variety of unit types, from studios to multi-bedroom configurations, designed for modern, resort-inspired lifestyles. In 2025, SM Prime announced plans to introduce up to six upscale projects over the next five years, targeting the luxury segment through its new Signature Series line under SM Residences. These initiatives mark a shift toward premium developments, with the first project, Susana Heights in , featuring ultra-luxury lots starting at P100 million on a 284-hectare estate. SMDC employs a pre-selling model to facilitate rapid project turnover while maintaining construction quality, allowing buyers to secure units early at competitive prices. This approach is complemented by comprehensive amenities, including Olympic-sized swimming pools, grand lobbies, function rooms, jogging paths, libraries, and direct proximity to retail and commercial facilities, fostering self-contained communities that prioritize convenience and well-being.

Hotels and convention centers

SM Prime Holdings, Inc., through its subsidiary SM Hotels and Conventions Corporation (SMHCC), develops and operates a of hotels and convention centers that complement its mall and commercial properties, focusing on and meetings, incentives, conferences, and exhibitions (MICE) sectors. As of 2025, SMHCC's hotel portfolio comprises 10 properties with over 2,600 rooms, spanning luxury, leisure, and business segments. Luxury offerings include the 347-room Conrad Manila, managed in partnership with , and the 395-room Cebu. Leisure properties feature the 260-room Taal Vista Hotel in and Pico Sands Hotel in , while business hotels encompass multiple Park Inn by Radisson locations, such as those in , Davao, , , and North . Additional upscale options include Lanson Place Mall of Asia , a serviced hotel integrated into the Mall of Asia complex. The convention centers division includes six SMX venues and two trade halls, providing more than 42,000 square meters of leasable space for events. Key facilities are SMX Manila and SMX Aura in the area, SMX Davao, SMX , SMX in , and the Olongapo City Convention Center, with trade halls at SM in Ortigas and SM Seaside City . These venues host international exhibitions, trade shows, and corporate functions, often leveraging proximity to SM malls for attendee convenience. SMHCC emphasizes management partnerships to enhance operational standards, notably with for Park Inn and brands under a master development agreement aiming for 20 hotels by 2028. The focus on MICE drives growth, with convention centers designed for large-scale events like industry expos and conferences. In 2024 and 2025, SM Prime allocated significant capital expenditures to this segment, including approximately ₱6 billion for two new convention centers and ₱15 billion overall for hospitality expansions. Notable developments include the SMXCITE expansion of SMX Manila, unveiled in 2025 to boost MICE capacity in Pasay City, and ongoing enhancements to the Mall of Asia Arena for integrated event spaces. Provincial hotels, such as Park Inn properties, are strategically tied to mall developments to support regional tourism and business travel. Future plans involve opening seven additional hotels by 2029, adding 1,321 rooms to the portfolio.

Corporate structure

Ownership and subsidiaries

SM Prime Holdings, Inc. (SMPH) operates as a with a held by , which owns approximately 49.79% of its outstanding shares as of June 2025. The remaining shares are held by public shareholders through its listing on the (), comprising a public float of about 50.21%. This structure provides with significant influence over strategic decisions, including board representation that interlocks with other entities in the broader SM Group. SMPH maintains a centralized model, with direct 100% ownership in its core operating subsidiaries that manage its primary business segments. Key subsidiaries include SM Development Corporation (SMDC) for residential developments, (operated through Shopping Center Management Corporation) for mall operations, SM Offices (via Prime Commercial Property Management Corporation and subsidiaries) for commercial leasing, and SM Hotels and Conventions Corporation for hospitality and events. International operations are handled through SM Land () Limited and its subsidiaries, also 100% owned, focusing on properties in . The emphasizes integrated operations across subsidiaries, with no significant divestitures or ownership changes reported through mid-2025. SMPH also holds interests in joint ventures, such as a 50% stake in Feihua (Chongqing) Company Ltd., and associates like Ortigas Land Corporation (39.96% effective ownership), supporting diversified initiatives. This setup allows for streamlined and within the SM Group ecosystem.

Leadership and governance

SM Prime Holdings, Inc. is led by Chairman Henry T. Sy Jr., a member of the founding Sy family, who has served in this role since 2014 and oversees the company's strategic direction in . As President and CEO, Jeffrey C. Lim manages day-to-day operations, bringing extensive experience in the Philippine property sector since his appointment in 2016. The includes key SM family members such as Hans T. Sy, Chairman of the Executive Committee, and Herbert T. Sy, both non-executive directors contributing to long-term family-guided decision-making. The company's governance framework adheres to the regulations of the and the , emphasizing transparency, accountability, and ethical practices. The board has established five standing committees to support its oversight functions: the Executive Committee for operational guidance, the for financial reporting integrity, the Board Risk Oversight Committee for , the Corporate Governance Committee for compliance and board effectiveness, and the Related Party Transactions Review Committee to ensure fair dealings. These committees operate under defined charters that outline their composition, authority, and responsibilities, fostering robust internal controls. SM Prime received the Five Golden Arrow Award from the Institute of Corporate Directors in 2025 for its excellence in , based on the 2024 ASEAN Corporate Governance Scorecard assessment, marking the third consecutive year of this top recognition among Philippine publicly listed companies. This accolade highlights the company's practices in its 2024 , which detail policies and integration. Succession planning at SM Prime is structured and proactive, closely tied to the family's multi-generational involvement to ensure continuity of vision and leadership stability. Annual evaluations by top management identify high-potential leaders, including third-generation family members like Hans "Chico" Jr., to prepare for key roles amid the company's growth. This approach aligns with the 's legacy of disciplined transition, as seen in prior handovers within the SM Group.

Financial performance

Revenue and profitability

SM Prime Holdings, Inc. has demonstrated consistent revenue growth, with consolidated revenues reaching a record 140.39 billion in 2024, marking a 10% increase from 128.10 billion in 2023. This expansion reflects the company's diversified income streams, primarily driven by stable rental income from its mall operations and contributions from property sales in the residential segment. For the first nine months of 2024, revenues totaled 99.8 billion, supporting a consolidated of 33.9 billion, up 12% year-over-year from the same period in 2023. In the first nine months of 2025, revenues rose 4% to PHP 103.4 billion, with increasing 10% to PHP 37.2 billion, driven by strong mall and performance amid economic and growth. The revenue breakdown in 2024 highlights the dominance of the malls segment, which accounted for 55% of total revenues at PHP 77.2 billion, fueled by higher sales and occupancy rates across its portfolio. The residential segment contributed 34% or PHP 45.9 billion, a 9% rise from PHP 43.1 billion in 2023, largely from of mid- to high-end units. Offices and warehouses generated 5% or PHP 7.7 billion, while hotels and added 6% or PHP 7.8 billion, both benefiting from post-pandemic in leasing and occupancy. Profitability has strengthened alongside revenue growth, with consolidated hitting PHP 45.63 billion in 2024, a 14% improvement from PHP 40.01 billion in 2023. EBITDA reached PHP 82.17 billion, yielding a margin of approximately 59%, up slightly from 58% in 2023, supported by efficient cost management and the high-margin nature of rental income, which constitutes the bulk of mall and office revenues. Property sales in the residential business also bolstered margins, with a gross of 58% on operations. Historically, SM Prime's revenues have expanded dramatically from around 5.8 billion in 2000—based on reported nine-month figures of 4.4 billion annualized—to over 140 billion by 2024, representing a exceeding 14% over the past two decades. This trajectory accelerated post-2020, with revenues climbing from 81.9 billion in the pandemic-affected year to the current scale, driven by portfolio expansion and economic rebound in the .

Capital expenditures and investments

SM Prime Holdings, Inc. allocated PHP 100 billion for capital expenditures in 2025, primarily directed toward expanding its residential, mall, , and portfolios to support long-term growth. This budget reflects the company's to invest in high-impact developments that enhance revenue generation across its segments. As of 2025, approximately PHP 60 billion had been deployed, with PHP 21 billion for mall expansions, PHP 15 billion for residential projects, and the balance for offices, hotels, and integrated developments. Of the 2025 capex, PHP 21 billion was designated for mall expansions, enabling the addition of 205,400 square meters of gross through new developments and the of 124,488 square meters of existing , bringing the total mall GFA to approximately 11.3 million square meters by year-end. for these initiatives draws from internal cash flows generated by operations, instruments such as the PHP 17 billion fixed-rate issuance completed in November 2025, and contributions. Looking ahead, SM Prime plans major investments totaling over 150 billion from 2026 to 2030, encompassing 16 new projects including 12 malls and five flagship openings in locations such as Sta. Rosa, Laguna (2026), in (2027), and Malolos, (2028), alongside new office towers and hotels to bolster its integrated property ecosystem. The company emphasizes returns on investment by prioritizing high-yield opportunities in mall and residential developments, which are expected to deliver sustainable value through increased leasing and sales potential.

Sustainability initiatives

Environmental efforts

SM Prime has implemented the SM Green Movement as a comprehensive program to promote environmental across its properties, emphasizing simple actions that lead to systemic change in areas such as , , and water stewardship. Launched to scale sustainable practices, the initiative includes widespread adoption of solutions, with a focus on rooftop installations that have expanded to 44 malls generating 51.6 MW of through 96,000 panels, the largest such network in the as of early 2025. By mid-2025, the company's total capacity reached 73 , with plans to exceed 100 by year-end through additional installations on multiple mall rooftops; as of November 2025, capacity remains at 73 across 48 properties, with ongoing expansions toward the 100 target. The company pursues certifications to enhance environmental performance in its developments. Several properties, including SM Aura Premier and Conrad , have achieved Gold certification from the U.S. Green Building Council, recognizing their use of energy-efficient designs, sustainable materials, and reduced water consumption that lower operational impacts. In 2024, SM Prime secured Gold for seven additional projects, demonstrating a commitment to standards that minimize carbon emissions and promote resource conservation in commercial and hospitality spaces. Key initiatives under environmental efforts include and programs. SM Prime has equipped 20 malls with water catchment facilities, saving approximately 8.8 billion liters of water through and reuse systems. For waste reduction, the company launched the SM Waste-Free Future program in 2024, aiming to minimize overall generation across its portfolio by promoting , e-waste collection, and recovery efforts. These efforts contributed to ESG improvements, with SM Prime retaining its inclusion in 2025 for meeting a minimum score of 2.9 in emerging markets, reflecting strong . Looking ahead, SM Prime has set ambitious targets aligned with global climate goals, committing to net-zero greenhouse gas emissions by 2040 through expanded deployment and efficiency measures. This includes science-based interim targets for 2030 and ongoing expansions in solar capacity planned for 2025, supporting broader reductions in via 50% sourcing achieved by the end of 2022 and continued progress thereafter.

Social responsibility

SM Prime Holdings, Inc., through its CSR arm SM Cares and the affiliated SM Foundation, implements comprehensive programs aimed at community empowerment, focusing on disaster response, , and economic opportunities. SM Cares coordinates initiatives across to foster inclusivity and socio-economic development, while SM Foundation provides targeted support in and livelihood programs that leverage mall networks for broader impact. In disaster relief, SM Cares mobilizes Operation Tulong Express to deliver essential aid, which has distributed over 982,000 Kalinga Packs to affected communities as of 2024, including responses to and , and in November 2025, distributed over 8,000 Kalinga Packs in response to in . These efforts, often involving employee volunteers, provide immediate humanitarian assistance and support recovery in vulnerable areas. For , SM Foundation's programs have graduated 4,650 college scholars and 5,064 technical-vocational scholars as of 2024, offering full tuition, allowances, and career mentoring to promote socio-economic mobility, with many alumni securing employment through SM Group networks. SM Prime drives job creation by integrating economic opportunities into its properties, with hosting job fairs that attracted nearly 20,000 seekers in 2024 alone, resulting in thousands of on-the-spot hires. Supporting micro, small, and medium enterprises (MSMEs), which comprise 63% of mall tenants, the company provides affordable leasing and business continuity programs, enhancing livelihoods in provincial areas. In 2024, SM partnered with the Department of Trade and Industry to establish MSME Calamity Recovery Care Centers in over 20 malls, aiding typhoon-affected businesses with recovery services and rebuilding support. The company advances diversity and inclusion through its Group Inclusion and Diversity Agenda, achieving 56% female representation among 13,747 employees in 2024, with 53% of managerial roles held by women and equal pay ratios across levels. Employee programs include anti-discrimination and the Digi-U , delivering 466,000 hours to foster . Provincial expansions, such as new malls in and Zamboanga opening in 2025, prioritize local hiring and to stimulate regional economies. SM Prime's social initiatives earned recognition in 2025, including a Silver in the Social Category for , , and from the and certification as a Great Place to Work by the Great Place to Work Institute, highlighting its CSR integration in annual disclosures.

References

  1. [1]
    SM Development Corporation - SM Prime Holdings, Inc.
    SM Prime Holdings, Inc. was incorporated in the Philippines in 1994. They started as a mall developer and operator and grew to be the biggest retail shopping ...
  2. [2]
    Our History - SM Prime Holdings, Inc.
    SM Prime Holdings, Inc. (SMPH) is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities.
  3. [3]
    SM Prime Holdings Inc Company Profile - GlobalData
    The company's primary activities include the development of malls, residences, offices, hotels, and convention centers. The company serves various industries ...
  4. [4]
    SM Prime sets P100-B spend plan in 2025 - Inquirer Business
    Feb 25, 2025 · Real estate giant SM Prime Holdings Inc. intends to spend P100 billion this year to expand its network of malls, residential establishments.
  5. [5]
    SM Prime sets P100-B capex for 2025 | GMA News Online
    Feb 24, 2025 · SM Prime Holdings Inc. is set to spend P100 billion in 2025, with the largest share going to integrated property developments (IPDs) under its residential ...
  6. [6]
    SM Prime eyes P100-B capex for 2025 - BusinessWorld Online
    Feb 25, 2025 · The planned investment will fund the construction of two new convention facilities, the renovation of hotel rooms, and the addition of food and ...
  7. [7]
    Board of Directors > Henry Sy Sr. ( ) - SM Prime Holdings, Inc.
    He opened the first ShoeMart store in 1958 and has been at the forefront of SM Group's diversification into five lines of businesses – shopping malls, retail, ...
  8. [8]
    SM Prime Holdings, Inc. - Company Information
    SM Prime Holdings, Inc. (SMPH) was incorporated on January 6, 1994 to acquire and develop real estate, conduct and maintain commercial shopping centers.
  9. [9]
    Brands - SM Investment Corporation
    Publicly listed SM Prime Holdings, Inc. (SM Prime) is one of the largest integrated property developers in Southeast Asia that offers innovative and ...
  10. [10]
    SM Prime Holdings, Inc. commemorates 30th listing anniversary
    Jul 23, 2024 · SMPH had its stock market debut on July 5, 1994 after raising close to Php 6 billion from the sale of primary and secondary shares during its ...
  11. [11]
    SM Prime sells shares, generates P6.55b
    ... raised P6.55 billion in its first equity placement since it went public in July 1994. The company sold 569.61 million shares in a block sale at the ...Missing: listing | Show results with:listing
  12. [12]
    SMPH raises US$150 million via an equity placement SM Malls to ...
    It is the first placement of SM Prime shares since its listing in July 5, 1994 on the Philippine Stock Exchange. The proceeds raised from the placement will ...
  13. [13]
    SM Opens 53rd Mall in the Philippines - Retail News Asia
    Oct 15, 2015 · By the end of 2015, SM Prime will have 55 malls in the Philippines and six in China with an estimated combined GFA of 8,269,486 million sqm.
  14. [14]
    SM Profits Grow 85% to Php5.1 bn for 1st Half 2006 - SM Prime
    SM's 53% owned SMPH, saw a 9% increase in net income from mall operations at Php2.6 billion despite the 21% increase in EBITDA to Php4.4 billion, again due to ...
  15. [15]
    Grass Residences 97% sold--SMDC - Inquirer Business
    Nov 19, 2012 · After its launch in 2007, Tower One of Grass Residences has been completed while Towers 2 and 3 are currently under construction and are slated ...
  16. [16]
    [PDF] SM-Prime-Integrated-Report-2020.pdf
    Incorporated in 1994, SM Prime is now the largest in terms of assets in the Philippines. The SM Supermalls, our mall division, has expanded our reach to serve ...
  17. [17]
    SM's Great Malls of China - SM Prime Holdings, Inc.
    Oct 12, 2008 · First to open in December 2001, the six-level SM mall in Xiamen City has a gross floor area of 128,000 square meters and a total land area of ...<|control11|><|separator|>
  18. [18]
    SM Prime acquires 3 malls in China
    In a statement, SM Prime said the three malls are located in the Chinese cities of Jinjiang, Xiamen and Chengdu.
  19. [19]
    SM Prime to expand mall footprint in China - Philstar.com
    Apr 29, 2024 · SM Prime Holdings Inc., which has eight malls in China as of end-2023, is looking at opening new malls in Fujian province in the next few years.
  20. [20]
    [PDF] The SM Prime Story
    Founded in January as a mall operator, SM Prime quickly went public in July and rose to become a leader in the Philippine shopping and amusement industry.<|control11|><|separator|>
  21. [21]
    SM Prime plans up to 6 upscale developments in next 5 years
    Apr 10, 2025 · SM Prime Holdings, Inc. plans to launch up to six projects under its upcoming premium residential line within the next five years.
  22. [22]
    SM mobilizes proactive COVID-19 response
    As a service provider, SM uses the physical presence of its malls and stores as pick up locations for click and collect. It also provides logistics support such ...Missing: Holdings recovery
  23. [23]
    Message to Stakeholders in relation to COVID-19 Pandemic
    SM Prime has intensified preventive measures overtime, comprising of adjusted mall hours and sanitation efforts. To promote social distancing, events and mass ...Missing: response recovery
  24. [24]
    SM Supermalls Digital Transformation: Enhancing Customer ...
    This digital solution helped over 15,000 MSME tenants during the COVID-19 pandemic, ... SM Prime Holdings has also launched the SM Life program, a digital human ...
  25. [25]
    SM Supermalls sees full recovery by 2023 - BusinessWorld Online
    Feb 17, 2022 · SM Supermalls is projecting the full recovery of its shopping mall chain from the economic effects of the coronavirus disease 2019 (COVID-19) pandemic by 2023.Missing: response digital integration
  26. [26]
    SM Prime Outlines ₱100B Investment Plan for 2025
    Feb 24, 2025 · SM Prime Holdings Inc. (SM Prime), one of Southeast Asia's largest property developers, plans to invest ₱100 billion this year.<|control11|><|separator|>
  27. [27]
    SM Prime targets up to P17B from bonds - Daily Tribune
    Oct 29, 2025 · SM Prime targets 16 mall redevelopments, 14 new projects and five flagship openings by 2030, with this year's P100-billion capital spending ...
  28. [28]
    5 flagship SM malls cued for opening thru 2030 - Inquirer Business
    Sep 5, 2025 · SM Supermalls plans to invest P150 billion in the major redevelopment of 16 existing malls and the construction of 14 new lifestyle malls.
  29. [29]
    SM readies P150-B expansion, upgrade push through 2030
    Sep 5, 2025 · The company said the investment covers 16 major redevelopments and 12 new lifestyle malls, as part of a portfolio-wide transition to greener, ...
  30. [30]
    SM SUPERMALLS TARGETS 100 MALLS BY 2027, 115 BY 2030 ...
    Sep 3, 2025 · SM SUPERMALLS TARGETS 100 MALLS BY 2027, 115 BY 2030 SM Supermalls is set to end 2025 with 88 malls nationwide and is targeting 100 malls by ...
  31. [31]
    SM to open 9th China mall in October - Inquirer Business
    Sep 8, 2025 · The SM Group will open its ninth mall in China next month, betting on resilient spending in Fujian province to offset the country's economic ...
  32. [32]
    News - SM China
    2025/10/17. SM Prime Holdings Inc., one of Southeast Asia's largest integrated property developers, opened SM City La Union, its 97th mall in the globe, ...
  33. [33]
    [PDF] Investor Kit 2025 - SM Prime Holdings, Inc.
    Mar 5, 2025 · almost 200,000 sqm of gross floor area in the Company's mall portfolio. • Available landbank of over 360 hectares which is good for over the ...
  34. [34]
    Banking on spending boom, SM Prime allocates P33 billion for ...
    Feb 6, 2025 · The company currently has 87 shopping malls in its portfolio. This year's big investment was also made after SM Prime saw encouraging results in ...<|control11|><|separator|>
  35. [35]
    [PDF] SM PRIME HOLDINGS, INC.
    Sep 15, 2025 · of 0.09 million sq. m. of GFA. Approximately 55% of SM Prime's gross leasable space is currently leased by members of the SM Group or ...
  36. [36]
    SM Prime Holdings: Largest Mall Operator In The Philippines
    Nov 21, 2017 · The introduction of foreign retail brands had also been a success for SM Prime as it has attracted brands like Uniqlo, Forever 21, and H&M.
  37. [37]
    SM Supermalls Logs Historic 5.2M Average Daily Visitors
    Throughout the year, SM Supermalls also welcomed new foreign brands. Among them were Disney Store, National Geographic, Nitori and Paris Baguette. In 2024, SM ...Missing: international | Show results with:international
  38. [38]
    SM Supermalls' Bold New Era: All for You
    Sep 11, 2025 · From iconic destinations to evolved spaces, SM Supermalls is shaping malls that blend scale, innovation, and community for every Filipino.
  39. [39]
    SM City Bacolod 2025 | New North Block and Manokan ... - YouTube
    May 9, 2025 · ... SM City Bacolod North Block – a stunning 90000 sqm expansion featuring botanical-inspired interiors, exciting new dining spots, and the ...Missing: side | Show results with:side
  40. [40]
    SM Offices - SM Prime Holdings, Inc.
    SM Prime Holdings, Inc. Corporate Address. 7/F MOA Square, Seashell Lane corner. Coral Way, Mall of Asia Complex, Brgy. 76 Zone 10, CBP 1 ...Missing: 2005 | Show results with:2005
  41. [41]
    SM Offices - SM CPG
    ### Summary of SM Offices
  42. [42]
    SM Offices Expands Regional Presence with The Core Towers
    Jul 10, 2025 · (SM Prime), has strengthened its regional footprint with the launch of The Core Tower Three, its 15th office development outside Metro Manila.
  43. [43]
    SM Offices expands as businesses flock to premium, mall-based ...
    (SM Prime), is stepping up its expansion efforts in response to surging demand for high-quality workspaces. In 2025, the company will add over 85,000 square ...<|control11|><|separator|>
  44. [44]
    Home - The Official SMDC
    SMDC builds accessible, connected communities, delivering over 100,000 homes, with options from high-rise condos to house and lot selections.
  45. [45]
    SM Development Corporation (SMDC) - SM Prime Holdings, Inc.
    SMDC's residential projects are strategically located in Metro Manila, particularly near the country's lifestyle and business districts such as in Quezon ...
  46. [46]
    SM Prime enters premium residential space - Inquirer Business
    Jul 9, 2025 · SM Prime Holdings Inc. has officially entered the premium residential market with Signature Series, its first solo venture outside the middle-income segment.
  47. [47]
    Hotels and Convention Centers - SM Prime Holdings, Inc.
    It is now developing and operating hotels and convention centers all throughout the archipelago with a current portfolio of more than 2,200 rooms housed in ...
  48. [48]
    SM Hotels and Conventions Corporation (SMHCC)
    Under the flagship of SMX Manila are SMX Aura, SMX Bacolod, SMX Davao, Olongapo City Convention Center, SMX Clark, and two Trade Halls namely, Megatrade Hall ...
  49. [49]
    SM Hotels properties bag multiple recognitions at 2025 Travel Trade ...
    SM Hotels & Conventions Corporation's (SMHCC) conventions and accommodation portfolio garnered multiple accolades during the recent 2025 TTG Travel Awards ...
  50. [50]
    SM Prime Holdings, Inc. - PSE Edge
    Aug 19, 2025 · SMHCC currently operates 10 hotels with over 2,600 rooms, six convention centers, and two trade halls with more than 42,000 sqm of leasable ...
  51. [51]
    SM Hotels, hotel division of Filipino firm SM Prime, to open seven ...
    Jun 12, 2025 · SM Hotels' existing hotel portfolio includes the 260-room Taal Vista Hotel; 395-room Radisson Blu Hotel Cebu; 347-room Conrad Manila, part of ...
  52. [52]
    Hotels - SM Prime Holdings, Inc.
    SMHCC operates hotels including Taal Vista Hotel, Radisson Blu Hotel in Cebu, Pico Sands Hotel, Park Inn by Radisson in Davao, Clark, Iloilo, North EDSA, ...
  53. [53]
    SM Hotels and Conventions Corp. (SMHCC) Properties Get Safety ...
    The list of properties under SMHCC includes Taal Vista Hotel, Pico Sands Hotel, Conrad Manila, Radisson Blu Cebu, Park Inn by Radisson Clark, Park Inn by ...
  54. [54]
    Two Properties of SM Hotels and Conventions Corporation (SMHCC ...
    Jul 28, 2025 · Topnotch hotel brands under SMHCC's roster of properties, Conrad Manila and Lanson Place Mall of Asia have both been nominated at the ...
  55. [55]
    Convention Centers - SM Prime Holdings, Inc.
    SMX convention centers are in Manila, Taguig, Davao, Bacolod, Olongapo, and Clark, Pampanga, with trade halls in SM Megamall and SM Seaside City Cebu.
  56. [56]
    SMX Manila - SMX Convention Center
    Ideal for international exhibitions, large-scale trade events, industry conventions, and corporate and social functions, SMX Manila offers 4 exhibition ...SMX Aura · SMX Manila 360 Tour · Megatrade Hall
  57. [57]
    Radisson Hotel Group expands partnership with SM Hotels ...
    The list of properties under SMHCC includes Taal Vista Hotel, Pico Sands Hotel, Conrad Manila, Radisson Blu Cebu, Park Inn by Radisson Clark, Park Inn by ...<|control11|><|separator|>
  58. [58]
    SM Prime Boosts Malls and Commercial Property Portfolio with ₱33 ...
    SM Prime has earmarked approximately ₱21 billion for the expansion of its malls' gross floor area (GFA). New developments will add 205,400 square meters of GFA, ...
  59. [59]
    SM Hotels to spend P15 billion for expansion - Philstar.com
    Mar 6, 2025 · SMHCC's portfolio currently includes 10 hotels, composed of brands such as Conrad and Radisson Blu for the luxury segment, Taal Vista and Pico ...
  60. [60]
    Who's SMXCITE? Philippines unveils new mega convention venue
    May 2, 2025 · Designed as a world-class venue, SMXCITE will expand the existing SMX Convention Center in Pasay City and significantly boost the country's MICE infrastructure.
  61. [61]
    Billionaire Sy Family's SM Prime Earmarks $179 Million To Expand ...
    Jun 11, 2025 · Under the five-year growth plan, SM Prime said it will build seven new hotels with a total of 1321 hotel rooms.
  62. [62]
    Who Owns SM Prime? SMPH Shareholders - Investing.com NG
    SM Investments Corporation, 49.79%, 14,376,285,228, Jun 29, 2025, 322,028,789. The Vanguard Group, Inc. 1.65%, 475,144,236, Jul 30, 2025, 10,643,231.
  63. [63]
    Company SM Prime Holdings, Inc. - MarketScreener
    SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and ...
  64. [64]
    [PDF] Group Corporate Structure_20241231 - SM Prime Holdings, Inc.
    Summerhills Home Development Corp. is 79.6% owned by SMDC and 20.4% owned by SMPH. ANNEX 2. Note: % Refers to Effective Ownership of SM Prime Holdings, Inc.
  65. [65]
    [PDF] SM Prime Holdings Inc._SEC Form 17Q_2Q2025
    As at June 30, 2025, there were no significant changes in the composition of the Company and in the Parent Company's ownership interests in its subsidiaries.
  66. [66]
    Structure and Table of Organization - SM Prime
    Structure and Table of Organization ; Group Corporate Structure (March 14, 2025) ; Ownership Structure (January 15, 2025) ; Organizational Structure (April 2, 2018) ...
  67. [67]
    Board of Directors > Henry T. Sy, Jr. - SM Prime Holdings, Inc.
    Henry T. Sy, Jr. has been a director of SM Prime since 1994. He was appointed as Chairman of the Board in 2014. He is responsible for the real estate ...
  68. [68]
    SM Prime Holdings, Inc.: Governance, Directors and Executives ...
    Executive Committee: SM Prime Holdings, Inc. ; Jeffrey Lim. 63 year. President, 2016-10-09 ; Nai Peng Ong. 54 year. Compliance Officer, 2023-02-19. Chief Tech/Sci ...
  69. [69]
    Board of Directors - SM Prime Holdings, Inc.
    Henry T. Sy, Jr. Non-Executive Director/Chairman of the Board. Amando M. Tetangco, Jr. Independent Director / Vice-Chairman ...
  70. [70]
    Governance - SM Prime Holdings, Inc.
    Through its Corporate Governance Committee, the Board oversees the compliance to the corporate governance policies in accordance with the requirements of the ...Missing: PSE | Show results with:PSE
  71. [71]
    [PDF] Revised Manual on Corporate Governance - SM Prime Holdings, Inc.
    ... committees, namely the Executive Committee, the Corporate. Governance Committee, the Audit Committee, the Board Risk Oversight Committee and the. Related ...Missing: PSE | Show results with:PSE
  72. [72]
    Board Committees - SM Prime Holdings, Inc.
    The Board has established five (5) committees to aid in the performance of its duties. Each committee has adopted a Charter, which defines its composition, ...Missing: SEC PSE
  73. [73]
    SM Prime Holdings, Inc.
    SM Prime Earns Third Consecutive Five Golden Arrows for Corporate Governance Excellence. Thursday, Oct 30, 2025. Share on Facebook Share on Twitter Share on ...Missing: 2024 | Show results with:2024
  74. [74]
    ASEAN Corporate Governance Scorecard (ACGS) - SM Prime
    SM Prime Holdings, Inc. received the Five Golden Arrow Award from the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard ...
  75. [75]
    SM's Hans and Chico Sy share succession lessons, Henry Sy legacy
    Aug 31, 2024 · The two spoke informally about succession, and about carrying on a vision and legacy as set by SM founder Henry Sy Sr.
  76. [76]
    Fernando Zobel de Ayala, Hans Sy On Succession Planning and ...
    Sep 14, 2018 · Sy admitted SM has a very structured succession planning process. Every year, top management evaluates the entire organization and taps those ...
  77. [77]
    Biz Buzz: Succession at SM - Inquirer Business
    Jul 6, 2016 · The best bet from the third-generation Sys to take over once Lim retires is Hans' son, Hans “Chico” Sy Jr., one of the eldest among Henry Sy's grandchildren.Missing: Holdings | Show results with:Holdings
  78. [78]
    SM Prime posts record annual profit, up 14% to P45.6 Billion
    SM Prime capped off 2024 with impressive results, delivering its highest-ever fourth-quarter revenues and net income. Consolidated revenues grew 14% year-on- ...
  79. [79]
    SM Prime Net Income Rises by 12% in 9M 2024
    9 billion consolidated net income in the first three quarters of 2024, 12% higher from PHP30.
  80. [80]
    SM Prime net profit rises 8% to P2.36 B in 9 mos | Philstar.com
    Nov 16, 2000 · 30, 2000, from last year's P2.18 billion. Bucking trends, total revenues for the period grew 13 percent to P4.4 billion fro P3.9 billion a year ...
  81. [81]
    SM Prime books record P24.5-billion profit in H1 2025 - Rappler
    Aug 4, 2025 · SM Prime added that it is on track to spend P100 billion in capital expenditures by focusing on high-impact developments with long-term value. – ...
  82. [82]
    SM Prime's 2025 expansion: P33B bet on malls, offices, and hotels
    The company is allocating P21 billion to expand its 87 malls, adding 205,400 square meters of new retail space while upgrading 124,488 square meters of existing ...
  83. [83]
    SM Prime sets interest rates for up to P17-billion bond offering
    Oct 30, 2025 · In September, SM Prime said proceeds from the issuance would be used to finance 16 major redevelopment projects and 12 new lifestyle malls ...
  84. [84]
    SM Supermalls sets P150-B expansion, one flagship mall yearly to ...
    Sep 4, 2025 · SM Supermalls marks 40 years with P150-B expansion plan. One flagship mall to rise annually from 2026–2030. 16 regional projects and 12 new ...
  85. [85]
    A brighter 2025 for Filipinos: SM Prime evolves with renewable energy
    SM Prime has 44 malls with solar PV systems, generating 51.6 MW, and 96,000 solar panels, the largest in the Philippines, and powers mall operations.Missing: Green | Show results with:Green
  86. [86]
    SM debuts biggest rooftop solar system at SM Fairview - Philstar.com
    Aug 1, 2025 · SM Prime's total rooftop solar capacity is currently at 73-MWp and will be further boosted up to 100-MWp by the end of the year. In partnership ...
  87. [87]
    SM Prime taps TeaM Energy to supercharge malls with rooftop solar
    to install over 33,000 square meters of solar panels on the rooftops of four SM malls. The project, set to begin in March 2025, will power up by year-end.
  88. [88]
    US Green Building Council Awards SM Prime Holdings with another ...
    Oct 20, 2021 · The LEED Gold Certification is a great distinction for SM Hotels and Conventions Corp (SMHCC) as we continue to advocate sustainability and disaster resilience.Missing: EDGE | Show results with:EDGE
  89. [89]
    SM Group leads the way in sustainable development with 7 LEED ...
    Nov 8, 2024 · PASAY CITY, Philippines, 08 November 2024 –The SM group's property arm, SM Prime Holdings, Inc., has completed LEED Gold certification for sevenMissing: EDGE | Show results with:EDGE
  90. [90]
    Environment and Sustainability Programs - SM Prime Holdings, Inc.
    20 malls with water catchment facilities, 8.8 billion liters of water saved, 50% renewable energy sourcing by the end of 2022, 10.6 MW capacity of solar panels ...Missing: initiatives | Show results with:initiatives
  91. [91]
    SM Prime's year one toward a waste-free future | The Manila Times
    Jun 27, 2025 · SM Prime launched the SM Waste-Free Future program in 2024 as one of its flagship environmental sustainability programs to reduce overall waste generation.Missing: initiatives | Show results with:initiatives
  92. [92]
    SM Prime Maintains ESG Track Record with FTSE4Good Inclusion
    Firms must meet minimum ESG score thresholds of 3.3 for developed markets and 2.9 for emerging markets, with reviews conducted semi-annually. “As we build ...Missing: zero 2050
  93. [93]
    SM Green Movement Scales Simple Acts Into Systemic Change
    Oct 2, 2025 · At the same time, SM Prime continues to scale solar rooftop installations and improve building efficiency in line with its Net Zero 2040 ...
  94. [94]
    [PDF] integrated report 2023 pdf 17 mb - SM Prime Holdings, Inc.
    Apr 11, 2024 · SM Prime Holdings, Inc. (SM Prime), a key subsidiary of SM Investments Corporation (SMIC), is a leading force in the Philippine real estate ...
  95. [95]
    SM Cares | SM Supermalls
    SM Cares is the CSR arm of SM Supermalls, empowering communities through programs that champion sustainability, inclusivity, and environmental stewardship.Missing: Prime Holdings
  96. [96]
    SM Foundation
    We care for the education of our youth. We give college scholarships to deserving and qualified students and build school buildings for underserved communities.Contact Us · The Founder · The Foundation · LeadershipMissing: Prime | Show results with:Prime
  97. [97]
    SM Group Stands in Solidarity with Typhoon Kristine Victims
    SM City Cauayan employee-volunteers distribute relief goods to those affected by Typhoon Kristine. Through Operation Tulong Express (OPTE), SM Supermalls, SM ...
  98. [98]
    SM Foundation: How this consumer giant rallies its entire network for ...
    “The SM Group, through SM Foundation, has been working directly with communities to give them the assistance they require, especially in times of calamities ...Missing: Prime Cares job creation<|separator|>
  99. [99]
    SM Supermalls emerges as one of the Philippines' largest job creators
    May 4, 2024 · During the May 1 job fair alone, SM Supermalls welcomed nearly 20,000 job seekers, with a significant number receiving on-the-spot job offers, ...
  100. [100]
    SM Prime at 30: A legacy of innovation and shared prosperity
    Jul 26, 2024 · Incorporated in January 1994, SM Prime has remained committed to shared prosperity. Raising approximately P5.89 billion during its IPO, SM Prime ...
  101. [101]
    Mall chain teams up with DTI for MSME recovery efforts - ABS-CBN
    Jul 31, 2024 · SM Supermalls and the Department of Trade and Industry (DTI) have teamed up to support Micro-, Small, and Medium Enterprises (MSMEs) affected by Typhoon Carina.
  102. [102]
    [PDF] EMPLOYEES AND SUPPLY CHAIN - SM Prime Holdings, Inc.
    May 5, 2025 · The program focuses on enhancing the overall employee experience, empowering our people to learn, grow and give back. Our human capital efforts ...
  103. [103]
    SM Champions an Inclusive Workplace
    Jul 4, 2025 · By encouraging diverse perspectives, companies unlock innovation, widen mentorship networks, and enable more inclusive, adaptive problem-solving ...
  104. [104]
    SM Investments certified as a Great Place to Work® in 2025
    Oct 20, 2025 · It also considers a Culture Brief that highlights SM's employee programs and workforce demographics. "We are grateful to be part of this list ...
  105. [105]
    https://insiderph.com/sm-foundation-how-this-consumer-giant-rallies-its-entire-network-for-relief-and-recovery