SM Prime

Property developer and a subsidiary of SM Investments Corporation

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|

SM Prime Holdings, Inc.

Company type| Public

Traded as

| PSE: SMPH
Industry| Property, shopping malls and retailing
Founded| 1958; 67 years ago (1958) in Manila, Philippines
Founder| Henry Sy Sr.
Headquarters| 7th Floor, MOA Square, Seashell Lane corner Coral Way, SM Mall of Asia Complex, Pasay City, Metro Manila, Philippines

Number of locations

| 85 malls
2,303 stores nationwide
48 SM Supermarkets, 44 SM Hypermarkets, 156 Savemore stores, 39 Walter Mart stores, 210 Alfamart stores, and 1,749 specialty stores

Area served

| Philippines
China
Guam

Key people

| Henry Sy Jr. (Chairman)
Amando Tetangco Jr. (Vice Chairman)
Jeffrey C. Lim (President)
Revenue|  ₱105.8 billion (2022)

Operating income

|  ₱49.2 billion (2022)

Net income

|  ₱30.1 billion (2022)
Parent| SM Investments (49.70%)[1]
Website| www.smprime.com
Footnotes / references
[2][3][4][5]

SM Prime Holdings, Inc. (SMPH) is a Filipino integrated property developer and a public subsidiary of SM Investments Corporation. It was incorporated on January 6, 1994, to develop, conduct, operate, and maintain the SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centers. It went public on July 5, 1994, and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue. The company's main sources of revenues primarily include rental income from mall and food courts, as well as from cinema ticket sales and amusement income.

## History

[edit]

The roots of SM date back to the 1950s when entrepreneur Henry Sy, Sr. established a shoe store at Carriedo Street in Quiapo, Manila. His store was established as ShoeMart, which was originally located at Carlos Palanca Sr. Street. His aggressive and adamant strategy helped him gain large profits within a few years and he later expanded his business to become a fully functioning department store named ShoeMart, which specializes in the sale of shoes, the sector of which the store originally was. ShoeMart was abbreviated into SM, the name which became commonly known by the locals. The abbreviation SM has become an orphan initialism. The first ShoeMart outlet was abandoned and the department store moved to a new site along the nearby Carriedo Street. The old site was demolished in 1982 and was turned into its Clearance Outlet.

The first SM Mall, the SM North EDSA, was opened in 1985. Followed by the establishment of a second mall, the SM Centerpoint, in 1990. Since then, the company has expanded by establishing malls nationwide.

SM Prime logo (2010–2022)

On May 17, 2013, SM opened the SM Aura Premier. The same year, the company announced a merger with SM Land, which owns SM Development and Commercial Properties Group. As a result, upon approval by Securities and Exchange Commission, SM Prime is one of the largest property companies in the Southeast Asia region, competing with Gokongwei-led Robinsons Land (which owns Robinsons Malls and Tan-led Megaworld Corporation).[6]

## Subsidiaries

[edit]

### SM Supermalls

[edit]

Main article: SM Supermalls

SM Supermalls is a chain of shopping malls with over 88 malls in the Philippines, and 8 in China as of August 2024. According to the company, the malls attract an average foot traffic of 3.5 million daily and has over 5,000 tenant partners.[7]

### SM Offices

[edit]

SM Offices is SM Prime's commercial development arm responsible for the development various commercial properties and office tower developments across the country. Their key office properties include the E-Com Center towers at the SM Mall of Asia Complex, the Mega Tower located beside SM Megamall, the North Towers at the SM North EDSA Complex, the SM Fairview Towers at the SM City Fairview Complex, and the SM Aura Tower at the SM Aura complex.[8]

### SM Development Corporation (SMDC)

[edit]

SM Development Corporation (SMDC) is a wholly-owned subsidiary and the real estate arm of SMPH. Its properties are strategically situated in key areas across Metro Manila specifically the Central Business Districts of Mall of Asia Complex, Makati, Ortigas, Taguig, Quezon City, Manila, Pasay, Parañaque and Las Piñas, as well as nearby provinces like Cavite, Bulacan, Pampanga and in Visayan locations Iloilo and Bacolod.[9]

Back in 2020, SMDC bagged the most-coveted Best Developer of the Year award in the annual PropertyGuru Asia Property Awards[10] alongside other recognitions:

SM Development Corporation 8th PropertyGuru Asia Property Awards Recognitions[11] Best Developer  | Winner  | SMDC

|
|

Best Lifestyle Developer  | Winner
Special Recognition in CSR  | Winner
Best Condo Development (Luzon)  | Winner  | Park Residences
Best Mid-End Condo Development (Metro Manila)  | Winner  | Charm Residences
Best Condo Architectural Design  | Winner  | Sail Residences
Best Landscape Architectural Design  | Winner
Best Lifestyle Development  | Winner  | Fern at Grass Residences
Best Affordable Condo Development (Metro Manila)  | Highly Commended  | Bloom Residences
Highly Commended  | Vine Residences
Highly Commended  | Fern at Grass Residences
Highly Commended  | Field Residences Building 5 and 6
Best Condo Architectural Design  | Highly Commended  | S Residences
Best Condo Development (Luzon)  | Highly Commended  | Hope Residences
Highly Commended  | Green 2 Residences
Best Condo Development (Visayas)  | Highly Commended  | Style Residences
Highly Commended  | Smile Residences
Best Condo Interior Design  | Highly Commended  | S Residences
Highly Commended  | Sail Residences
Highly Commended  | Shore 3 Residences
Best High-End Condo Development (Metro Manila)  | Highly Commended  | S Residences
Best Landscape Architectural Design  | Highly Commended  | S Residences
Best Lifestyle Development  | Highly Commended  | Sail Residences
Highly Commended  | S Residences
Best Mid-End Condo Development (Metro Manila)  | Highly Commended  | Leaf Residences

## See also

[edit]

* Philippines portal
* Companies portal

* SM Supermalls
* SM Store
* List of shopping malls in the Philippines
* List of largest shopping malls in the Philippines

## External links

[edit]

* Media related to SM Prime Holdings at Wikimedia Commons
* Website

## References

[edit]

1. ^ "SM PRIME HOLDINGS, INC". marketscreener.com. Retrieved September 23, 2023.
2. ^ "BDO Annual report" (PDF). www.bdo.com.ph. 2016. Retrieved September 29, 2019.
3. ^ "2016 SMIC Annual Report" (PDF). Archived from the original (PDF) on February 5, 2018. Retrieved August 2, 2017.
4. ^ "Press Release". edge.pse.com.ph. February 20, 2023. Retrieved February 21, 2023.
5. ^ "SM Prime Holdings, Inc. - Public Ownership Report". PSE Edge. April 15, 2025. Retrieved April 21, 2025.
6. ^ SEC approval of amendment to Plan of Merger bet. SMPH and SM Land - PSE.com.ph Archived 2015-09-24 at the Wayback Machine
7. ^ "About SM Supermalls". SM Supermalls. Archived from the original on September 29, 2020. Retrieved January 22, 2019.
8. ^ "Home SM Offices". www.smoffices.com.
9. ^ "About".
10. ^ "SMDC Wins Big at the 8th PropertyGuru Philippines Property Awards". December 2020.
11. ^ "See Who Emerged Victorious at the 8th PropertyGuru Awards". BluPrint. December 15, 2020. Retrieved March 1, 2021.

* v
* t
* e

SM Prime

Philippine shopping malls
(Supermalls)|

| Major shopping centers|

* North EDSA
* Megamall
* Mall of Asia
* Seaside City

|

Lifestyle malls|

* Aura
* The Podium
* S Maison at Conrad Manila
* J Mall

| Upcoming|

* Neo Verde

|

Community malls|

| SM City|

* Sta. Mesa
* Cebu
* Fairview
* Iloilo
* Pampanga
* Davao
* CDO Uptown
* Baguio
* Dasmariñas
* Valenzuela
* Santa Rosa
* Clark
* Bacolod
* Marikina
* Rosales
* Baliwag
* Naga
* Rosario
* Tarlac
* San Pablo
* San Fernando Downtown
* General Santos
* Cauayan
* San Mateo
* Cabanatuan
* Puerto Princesa
* Legazpi
* Olongapo Central
* Butuan
* Mindpro (70%)
* Grand Central
* Tanza

| Upcoming|

* Zamboanga

|

SM Center|

* Las Piñas
* Angono
* Tuguegarao Downtown
* Dagupan

Others|

* Quiapo
* Delgado
* Southmall
* Lanang
* CDO Downtown

China shopping malls|

| Operating malls|

* Xiamen
* Lifestyle Center
* Jinjiang
* Suzhou
* Chengdu

|

US (Guam) shopping malls|

| Acquired|

* Agana Shopping Center

|

Commercial properties|

* SM Mall of Asia Arena
* SM Seaside Arena

Residential properties|

* Tagaytay Highlands

Hotels and convention centers|

* Conrad Manila
* SMX Convention Center
* Manila

Key people and related articles|

* Abenson
* Henry Sy
* Sky Ranch
* SM Estates
* SM Investments
* SM Retail
* Teresita Sy-Coson
* Walter Mart

* v
* t
* e

SM Investments Corporation

Key people|

* Henry Sy
* Teresita Sy-Coson

Subsidiaries|

| SM Prime Holdings|

* SM Supermalls
* SM Development Corporation
* Highlands Prime, Inc.
* SM Commercial Properties Group
* SM Hotels and Convention
* SMX Convention Centers

|

SM Retail|

* SM Markets
* SM Supermarket
* Savemore Market
* SM Hypermarket
* SM Store
* SM Speciality Stores

Banking|

* BDO Unibank, Inc.
* China Banking Corporation

Corporate social responsibility|

* SM Foundation, Inc.
* SM Cares

* v
* t
* e

PSE Composite Index companies of the Philippines

Current|

* Aboitiz Equity Ventures
* ACEN
* Alliance Global
* Ayala
* Ayala Land
* BDO
* BPI
* Bloomberry
* Century Pacific Food
* Converge ICT
* DMCI Holdings
* Emperador
* Globe Telecom
* GT Capital
* International Container Terminal Services
* JG Summit Holdings
* Jollibee
* LT Group
* Meralco
* Metrobank
* Monde Nissin
* Nickel Asia
* PLDT
* Puregold
* San Miguel
* Semirara Mining and Power
* SM Investments
* SM Prime
* Universal Robina
* Wilcon Depot

Former|

* Aboitiz Power
* ABS-CBN Corporation
* Belle Corporation
* Benpres Holdings
* C&P Homes
* Cebu Pacific
* Chinabank
* Digitel
* Empire East Land
* Energy Development Corporation
* Equitable PCI Bank
* Fil-Estate Land
* Filinvest
* First Gen Corporation
* First Philippine Holdings
* GMA Network
* Holcim Philippines
* La Tondeña Distillers
* Lepanto Mining
* Manila Mining
* Megaworld Corporation
* Metro Pacific Investments
* Music Corporation
* Petron
* Philex Mining
* Philippine National Bank
* Philippine Stock Exchange
* Piltel
* Rizal Commercial Banking Corporation
* Robinsons Land
* Robinsons Retail
* Security Bank
* Southeast Asia Cement Holdings
* Unionbank
* Union Cement
* Vista Land

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