SM Prime Holdings, Inc.
SPHXF
Other OTC0.30
USD
- -
- -
ISIN
PHY8076N1120
Return %
Stock
S&P500
1Y
-27.82
26.53
3Y
-51.41
76.60
5Y
-56.07
80.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jeffrey C. Lim
- Full Time Employees
- 10,980
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- Mall of Asia Arena Annex Building Pasay City Philippines 1300
- IPO Date
- Apr 17, 2014
- Website
- smprime.com
- Similar Companies
- Business
- SM Prime Holdings, Inc. is a Filipino integrated property developer primarily engaged in the development, operation, and management of commercial shopping malls, residential condominiums, office buildings, hotels, and convention centers. The company's core products and services include the development and leasing of commercial shopping centers and retail spaces; residential real estate projects encompassing economic to premium condominium units under the SM Residences brand; commercial and integrated property developments such as office buildings and mixed-use complexes; and hospitality services through hotel and convention center operations. SM Prime operates extensively in the Philippines and has a presence in China, managing approximately 87 malls with a total gross floor area exceeding 8 million square meters, along with residential, commercial, and hospitality assets. Founded in 1994 and headquartered in Pasay City, Philippines, SM Prime is a public subsidiary of SM Investments Corporation. The company targets a diverse customer base across retail, residential, commercial, and tourism sectors. Recent major developments include a 2025 strategic expansion plan investing around PHP 33 billion to grow its mall portfolio with an addition of over 205,000 square meters of retail space and refurbishment of existing properties. The company is also focusing on hospitality and meetings, incentives, conventions, and exhibitions (MICE) operations with a PHP 6 billion allocation for new convention centers, hotel renovations, and expanded dining facilities. In addition, SM Prime is venturing into the luxury residential market with high-end projects, while consolidating residential developments under SM Residences to cover economic to leisure housing segments. Financially, SM Prime reported a record consolidated net income of PHP 45.6 billion in 2024, a 14% increase driven by new mall openings, strong retail sales, and enhanced business contributions across all segments. The malls segment contributed 55% of total revenue, residences 34%, hotels and convention centers 6%, and offices and warehouses 5%. The company plans robust capital expenditures focused on continued mall expansions, residential projects on over 1,000 hectares of land, office developments, and hospitality enhancements to sustain long-term growth. SM Prime's diversified operations and strategic focus on expanding its commercial real estate footprint, residential projects including entry into luxury housing, and enhanced hospitality offerings position it as a leading property developer in Southeast Asia. The company maintains a strong market presence supported by its extensive land bank and integrated property developments designed to capitalize on evolving consumer and business demands. The company is publicly traded under ticker SPHXF and headquartered at Mall of Asia Complex Annex Building, Coral Way corner J.W. Diokno Boulevard, Pasay, Philippines.