This articleneeds additional citations forverification. Please helpimprove this article byadding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "SM Prime" – news ·newspapers ·books ·scholar ·JSTOR(December 2012) (Learn how and when to remove this message)

SM Prime Holdings, Inc.

Company type	Public
Traded as	PSE: SMPH
Industry	Property,shopping malls andretailing
Founded	1958; 67 years ago (1958) inManila, Philippines
Founder	Henry Sy Sr.
Headquarters	Pasay, Philippines
Number of locations	85 malls 2,303 stores nationwide 48 SM Supermarkets, 44 SM Hypermarkets, 156 Savemore stores, 39Walter Mart stores, 210Alfamart 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]

SM Prime Holdings, Inc. (SMPH) is a Filipino integrated property developer and a public subsidiary ofSM 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 thePhilippine 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.

The roots of SM date back to the 1950s when entrepreneurHenry Sy, Sr. established a shoe store at Carriedo Street inQuiapo,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 functioningdepartment 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 anorphan 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 firstSM Mall, theSM North EDSA, was opened in 1985. Followed by the establishment of a second mall, theSM Centerpoint, in 1990. Since then, the company has expanded by establishing malls nationwide.

On May 17, 2013, SM opened theSM 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 bySecurities and Exchange Commission, SM Prime is one of the largest property companies in the Southeast Asia region, competing with Gokongwei-led Robinsons Land (which ownsRobinsons Malls and Tan-led Megaworld Corporation).^[5]

SM Supermalls is a chain ofshopping malls with over 88 malls in thePhilippines, and 8 inChina 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.^[6]

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 theSM Mall of Asia Complex, the Mega Tower located besideSM Megamall, the North Towers at theSM North EDSA Complex, the SM Fairview Towers at theSM City Fairview Complex, and the SM Aura Tower at theSM Aura complex.^[7]

SM Development Corporation (SMDC) is a wholly-owned subsidiary and the real estate arm of SMPH. Its properties are strategically situated in key areas acrossMetro Manila specifically the Central Business Districts of Mall of Asia Complex,Makati,Ortigas,Taguig,Quezon City, Manila,Pasay,Parañaque andLas Piñas, as well as nearby provinces likeCavite,Bulacan,Pampanga and in Visayan locationsIloilo andBacolod.^[8]

Back in 2020, SMDC bagged the most-coveted Best Developer of the Year award in the annual PropertyGuru Asia Property Awards^[9] alongside other recognitions:

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

• Media related toSM Prime Holdings at Wikimedia Commons
• Website

• Real estate companies established in 1958
• Real estate companies of the Philippines
• Shopping center management firms
• SM Prime
• Companies listed on the Philippine Stock Exchange
• Companies based in Pasay
• Philippine companies established in 1958
• Companies in the PSE Composite Index
• Family-owned companies of the Philippines

• Pages with non-numeric formatnum arguments
• Webarchive template wayback links
• Articles with short description
• Short description matches Wikidata
• Articles needing additional references from December 2012
• All articles needing additional references
• Use mdy dates from November 2022
• Use Philippine English from November 2022
• All Wikipedia articles written in Philippine English
• Commons category link from Wikidata