{{Short description|Property developer and a subsidiary of SM Investments Corporation}} {{more citations needed|date=December 2012}} {{Use mdy dates|date=November 2022}} {{Use Philippine English|date=November 2022}} {{Infobox company | name = SM Prime Holdings, Inc. | logo = SM Prime logotype (2022).svg | logo_size = 260px | type = Public | traded_as = {{pse|SMPH}} | foundation = {{start date and age|February 6, 1958}} in Manila, Philippines | founder = Henry Sy Sr. | location = 7th Floor, MOA Square, Seashell Lane corner Coral Way, SM Mall of Asia Complex, Pasay City, Metro Manila, Philippines | locations = 88 malls<br />2,303 stores nationwide<br /> {{small|48 SM Supermarkets, 44 SM Hypermarkets, 156 Savemore stores, 39 Walter Mart stores, 210 Alfamart stores, and 1,749 specialty stores}} | key_people = Henry Sy Jr. (Chairman) <br /> Amando Tetangco Jr. (Vice Chairman) <br /> Jeffrey C. Lim (President) | revenue = {{increase}} {{Philippine peso|142.62 billion|link=yes}} | revenue_year = 2024 | operating_income = {{increase}} {{Philippine peso|56.84 billion}} | income_year = 2024 | net_income = {{increase}} {{Philippine peso|45.63 billion}} | net_income_year = 2024 | parent = SM Investments (49.70%)<ref>{{cite web|url=https://www.marketscreener.com/quote/stock/SM-PRIME-HOLDINGS-INC-6491488/company/ |title=SM PRIME HOLDINGS, INC. |website=marketscreener.com |access-date=2023-09-23}}</ref> | area_served = Philippines <br /> China <br /> Guam | industry = Property, shopping malls and retailing | website = {{URL|www.smprime.com}} | footnotes = <ref>{{cite web |url=https://www.bdo.com.ph/sites/default/files/pdf/BDO-Unibank-2016-Annual-Report.pdf |title=BDO Annual report |date=2016 |website=www.bdo.com.ph |access-date=September 29, 2019 |archive-date=August 2, 2017 |archive-url=https://web.archive.org/web/20170802163443/https://www.bdo.com.ph/sites/default/files/pdf/BDO-Unibank-2016-Annual-Report.pdf |url-status=dead }}</ref><ref>{{Cite web |url=http://www.sminvestments.com/sites/default/files/reports/2016%20SMIC%20Annual%20Report.pdf |title=2016 SMIC Annual Report |access-date=August 2, 2017 |archive-date=February 5, 2018 |archive-url=https://web.archive.org/web/20180205124602/http://www.sminvestments.com/sites/default/files/reports/2016%20SMIC%20Annual%20Report.pdf |url-status=dead }}</ref><ref>{{Cite web|title=Press Release |website=edge.pse.com.ph |date=February 20, 2023 |url=https://edge.pse.com.ph/openDiscViewer.do?edge_no=a60ef0511d9db9939e4dc6f6c9b65995 |access-date=February 21, 2023}}</ref><ref>{{cite web |title=SM Prime Holdings, Inc. - Public Ownership Report |url=https://edge.pse.com.ph/openDiscViewer.do?edge_no=bf5bb0d45ae969f9ec6e1601ccee8f59 |website=PSE Edge |access-date=21 April 2025 |date=15 April 2025}}</ref> }}
'''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== 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 soon became known by its abbreviation, SM, in Manila. 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. In 1979, ShoeMart made its first expansion outside Metro Manila with the opening of SM Iloilo.
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.
thumb|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.<ref>[http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-7636_SMPH.pdf SEC approval of amendment to Plan of Merger bet. SMPH and SM Land - PSE.com.ph] {{Archive url|url=https://web.archive.org/web/20150924083652/http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-7636_SMPH.pdf|date=2015-09-24}}</ref>
==Subsidiaries==
===SM Supermalls=== {{main|SM Supermalls}}
SM Supermalls is a chain of shopping malls with a total of 98 malls, 89 of which are in the Philippines, and 9 in China as of January 2026. According to the company, the malls attract an average foot traffic of 3.5 million daily and has over 5,000 tenant partners.<ref>{{cite web |url=https://www.smsupermalls.com/about-us |title=About SM Supermalls |publisher=SM Supermalls |access-date=January 22, 2019 |archive-date=September 29, 2020 |archive-url=https://web.archive.org/web/20200929112437/https://www.smsupermalls.com/about-us |url-status=dead }}</ref>
===SM Offices=== 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.<ref name="Home SM Offices">{{cite web |title=Home SM Offices |url=https://www.smoffices.com/ |website=www.smoffices.com}}</ref>
===SM Development Corporation (SMDC)===
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, Cebu City and Bacolod.<ref>{{Cite web|url=https://smdc.com/about-us/|title = About}}</ref>
Back in 2020, SMDC bagged the most-coveted Best Developer of the Year award in the annual PropertyGuru Asia Property Awards<ref>{{Cite web|url=https://www.asiapropertyawards.com/en/smdc-wins-big-at-the-8th-propertyguru-philippines-property-awards/|title = SMDC Wins Big at the 8th PropertyGuru Philippines Property Awards|date = December 2020}}</ref> alongside other recognitions:
{| class="wikitable" |+SM Development Corporation 8th PropertyGuru Asia Property Awards Recognitions<ref>{{Cite web|date=December 15, 2020|title=See Who Emerged Victorious at the 8th PropertyGuru Awards|url=https://bluprint.onemega.com/luzon-visayas-mindanao-developers-emerge-victorious-at-the-8th-propertyguru-philippines-property-awards/|access-date=March 1, 2021|website=BluPrint|language=en-US}}</ref> |Best Developer |Winner | rowspan="3" |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 | rowspan="2" |Sail Residences |- |Best Landscape Architectural Design |Winner |- |Best Lifestyle Development |Winner |Fern at Grass Residences |- | rowspan="4" |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 |- | rowspan="2" |Best Condo Development (Luzon) |Highly Commended |Hope Residences |- |Highly Commended |Green 2 Residences |- | rowspan="2" |Best Condo Development (Visayas) |Highly Commended |Style Residences |- |Highly Commended |Smile Residences |- | rowspan="3" |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 |- | rowspan="2" |Best Lifestyle Development |Highly Commended |Sail Residences |- |Highly Commended |S Residences |- |Best Mid-End Condo Development (Metro Manila) |Highly Commended |Leaf Residences |}
==See also== {{Portal|Philippines|Companies}} *SM Supermalls *SM Store *List of shopping malls in the Philippines *List of largest shopping malls in the Philippines ==External links== * {{commonscat-inline}} * [https://www.smprime.com/ Website]
==References== {{reflist}}
{{SMPH|Office Buildings (BPO Tower)=SM CDO Downtown Premier Tower}} {{SM Group}} {{PSEi}}
Category:Real estate companies established in 1958 Category:Real estate companies of the Philippines Category:Shopping center management firms Category:SM Prime Category:Companies listed on the Philippine Stock Exchange Category:Companies based in Pasay Category:Philippine companies established in 1958 Category:Companies in the PSE Composite Index Category:Family-owned companies of the Philippines