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SM Prime

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SM Prime Holdings, Inc (PSE: SMPH) a part of the SM Group of Companies, is the largest shopping mall operator in the Philippines. It was incorporated on 6 January 1994 by Chinese-Filipino entrepreneur Henry Sy 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 later went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue.

SM Prime Holdings
Company typePublic
IndustrieEinzelhandel
GegründetJanuary 6, 1994
HauptsitzPhilippinen
Number of locations
29 malls as of September, 2007, with 14 proposed or under construction
Area served
Philippines
Xiamen, China
Guam
Key people
Henry Sy, Sr. (Founder, CEO)
SubsidiariesStar Appliance Center; Surplus Shop; Sports Central; Baby & Co.; Home World; Our Home
Websitesmprime.com

The Company's main sources of revenues include rental income from mall and food courts, cinema ticket sales and amusement income from bowling and ice-skating.

Currently, it has 28 operating malls totaling a gross floor area of 2.7 million square meters located in Metro Manila, Bulacan, Laguna, Cavite, Quezon, Pampanga, Baguio, Angeles, Cebu, Iloilo, Davao, Bacolod and Cagayan de Oro.

History

The first SM Supermall, SM City North EDSA,was opened in 1985 and started the Philippine "malling" phenomenon[citation needed]. Each SM features shopping (both local and international brands), restaurants and fast food dining, amusement areas (bowling lanes, ice skating, theme rides and games), leisure (as many as 12 cinemas under one roof) and convention and trade exhibition centers.

The first department store is the SM Quiapo which was opened in the 1950s but now it was removed and moved in the present site near the Manila LRT Yellow Line. The old site was demolished on the year of 1982.

Located in several cities and areas in Metro Manila, as well as major provincial cities, each SM is easily accessible and situated by places of public interest (churches, schools, major roads and highways, etc). SM opened its first department store outside Metro Manila (SM Delgado) in Iloilo City in 1979 was renovated in 2004 and is currently under expansion.

The first ice skating rink in the Philippines was opened in SM Megamall in 1991. With this first, SM introduced Filipinos to an art-sport otherwise unpopular in tropical countries. The SM Supermalls also house 146 cinemas (with over 103,708 total seating capacity), making SM Prime Holdings, Inc. the largest cinema operator in the country.

As of 2006, SM Prime Holdings, Inc. is embarking on an aggressive expansion program within the next five years. In preparation for this expansion, SM Prime Holdings, Inc. has amassed a total landbank of 96.6 hectares in 10 strategic locations. Included are attractive properties in provinces where urbanization is steadily underway, such as Cabanatuan, Pangasinan and Bulacan.

By 2006, five additional SM Supermalls will be operational, including the Mall of Asia which has opened recently. This is SM Prime Holdings, Inc.’s most expensive project to date.

The SM Group has engaged in other retail endeavors through other SM- related companies such as, among others: Watsons Personal Care Stores, Inc., a joint-venture with Hutchison-Whampoa Ltd. of Hong Kong; International Toy World (Toy Kingdom); Ace Hardware Philippines, a joint-venture with Ace Hardware Corporation USA; [Star Appliance Center; Surplus Shop; Sports Central; Baby & Co.; Home World; and Our Home. The amusement center is SM Storyland by Alexis Cerado.

Financial performance

SMPH posted an 8.6% increase in net income to P4.62 billion from P4.26 billion. This is due to a healthy increase in gross revenues, by 15.99% to P10.21 billion from P8.80 billion. Rental income, which contributed 80.14% of the Company's revenues, rose by 17.18% to P8.18 billion from P6.98 billion. This was due to rentals from three additional SM Supermalls opened in the last quarter of 2003, namely, SM City Lucena, SM City Baguio and SM City Marilao and the opening of SM City Dasmarinas and SM City Batangas in 2004. On the other hand cinema ticket sales increased by 11.26% to P1.50 billion from P1.34 billion. Other sources of revenue grew 12.01% to P532.52 million from P475.43 million.

Malls

SM Supermalls

Name Opening Land area (m²) Floor area (m²) Standort
SM City North EDSA November 1985 161,000 351,861 including The Block North Avenue cor. EDSA, Quezon City, Metro Manila
SM City Sta. Mesa (formerly SM Centerpoint) September 1990 30,000 133,327 Ramon Magsaysay Boulevard cor. Araneta Ave., Barangay Dona Imelda Quezon City, Metro Manila
SM Megamall June 1991 105,000 331,679 EDSA cor. Julia Vargas Avenue, Ortigas Center, Mandaluyong City, Metro Manila
SM City Cebu November 1993 161,562 268,611 including the new annex North Reclamation Area, Cebu City, Cebu
SM Southmall April 1995 200,000 205,120 Alabang-Zapote Road, Las Piñas City, Metro Manila
SM City Bacoor July 1997 88,000 116,892 (4th floor is currently closed) General Emilio Aguinaldo Highway cor. Tirona Highway, Brgy. Habay, Bacoor, Cavite
SM City Fairview October 1997 200,000 154,183 Quirino Hwy. cor. Regalado Ave. and Belfast St., Greater Lagro, Quezon City, Metro Manila
SM City Iloilo June 1999 175,000 101,735 Benigno S. Aquino Jr. Avenue, Jaro West Diversion Road, Mandurriao, Iloilo City, Iloilo
SM City Manila April 2000 25,000 166,554 Natividad Almeda-Lopez (formerly called Concepcion) corner A. Villegas (formerly called Arroceros) and San Marcelino Streets, Ermita, Manila
SM City Pampanga November 2000 316,000 110,650 Olongapo-Gapan Road corner North Luzon Expressway, Brgy. Lagundi, Mexico, Pampanga
SM City Sucat (formerly SM Supercenter Sucat) July 2001 65,000 98,106 including the new annex Dr. A. Santos Avenue corner Carlos P. Garcia Avenue Extension (C5), Brgy. San Dionisio, Parañaque City, Metro Manila
SM City Davao November 2001 132,000 75,440 Quimpo Boulevard corner Tulip Drive, Ecoland Subdivision, Brgy. Matina, Davao City, Davao del Sur
SM City Bicutan November 2002 18,000 112,737 Doña Soledad Avenue corner West Service Road (beside Exit 14, Bicutan exit), Brgy. Don Bosco, Bicutan, Parañaque City, Metro Manila
SM City Cagayan de Oro November 2002 52,000 56,288 Masterson Avenue cor Gran Via St., Brgy. Carmen, Cagayan de Oro, Misamis Oriental
SM City Lucena October 3, 2003 80,000 78,655 Maharlika Highway corner Dalahican Road, Brgy. Ibabang Dupay, Lucena City, Quezon
SM City Marilao November 2003 203,000 88,654 MacArthur Highway, Brgy. Lias, Marilao, Bulacan
SM City Baguio November 23, 2003 80,000 105,331 Luneta Hill, Upper Session Road corner Governor Pack Road, Baguio City, Benguet
SM City Dasmariñas May 21, 2004 127,000 79,792 Governor's Drive, Brgy. Sampaloc 1, Dasmariñas, Cavite
SM City Batangas November 12, 2004 85,000 76,819 Brgy. Pallocan Kanluran, Batangas City, Batangas
SM City San Lazaro July 15, 2005 40,000 179,000 Felix Huertas Street corner Arsenio H. Lacson Extension, Santa Cruz, Manila
SM Supercenter Valenzuela October 28, 2005 24,000 61,460 MacArthur Highway, Brgy. Karuhatan, Valenzuela City, Metro Manila
SM Supercenter Molino November 18, 2005 48,000 48,248 Molino Road, Brgy. Molino 4, Bacoor, Cavite
SM City Santa Rosa February 17, 2006 170,000 79,000 Old National Highway, Barrio Tagapo, Santa Rosa City, Laguna
SM City Clark May 12, 2006 176,500 98,824.19 M.A. Roxas Avenue, Clark Special Economic Zone, Angeles City, Pampanga
SM Mall of Asia May 21, 2006 195,000 386,224 (an annex is further planned) SM Central Business Park, North Reclamation Area, Bay City, Pasay City, Metro Manila
SM Supercenter Pasig August 19, 2006 20,080 29,017.12 E. Rodriguez, Sr. Ave. (C5) corner Dona Julia Vargas Ave., Frontera Verde, Ortigas Center, Brgy. Ugong, Pasig City, Metro Manila
SM City Lipa September 22, 2006 103,242 72,035 J.P. Laurel Highway, Lipa City, Batangas
SM City Bacolod March 2, 2007 161,096.60 61,413 Rizal Avenue, Reclamation Area, Bacolod City, Negros Occidental
SM City Taytay August 2007 92,000 Manila East Road corner Bulacan-Rizal-Manila-Cavite Regional Expressway, Taytay, Rizal
SM Supercenter Muntinlupa September 2007 52,000 Km. 29 National Road, Tunasan, Muntinlupa City
SM Supercenter Baliuag March 2008 Maharlika Highway, Baliuag, Bulacan
SM City Marikina April 2008 60,000 124,877.85 Marcos Highway corner East Marikina Riverbanks Service Road, Marikina Riverbanks, Calumpang, Marikina City, Metro Manila
SM City Naga August 2008 44,000 [1] 40,000 [2] CBD II, Brgy. Triangulo, Naga City, Camarines Sur
SM City Calamba November 2008 Maharlika Highway, Brgy. Makiling, Calamba City, Laguna
SM City Tarlac December 2008 MacArthur Highway, Brgy. San Roque, Tarlac City, Tarlac
SM City Urdaneta ? MacArthur Highway, Urdaneta City, Pangasinan
SM City Laoag ? Laoag City, Ilocos Norte
SM Supercenter San Pablo ? Rizal Avenue (Maharlika Highway), San Pablo City, Laguna
SM Supercenter Rosales ? Rosales, Pangasinan
SM City Dagupan ? McArthur Highway, Dagupan City, Pangasinan
SM Supercenter Meycauayan ? MacArthur Highway, Meycauayan City, Bulacan
SM Supercenter Tagaytay ? Aguinaldo Highway, Tagaytay City, Cavite
SM Supercenter Dumaguete ? Dumaguete City, Negros Oriental
SM Supercenter Panglao Island Dauis, Bohol

Branches in China

  • SM North Xiamen
  • SM South Xiamen
  • SM Chuan (soon to open;under construction)

Branch in Guam

  • SM Guam
    • 42,000 sq ft. Opened 2006 in the Agana Shopping Center in Hagatna, which SM also bought and repaired after it was severely damaged by Typhoon Pongsona. It is the first SM store on US territorial soil since a previous attempt in the 1970's—before SM had grown into a retail giant.

Standalone Appliance Centers

Name Standort
SAC Rockwell Power Plant Mall Basement 1 Floor, Rockwell Power Plant Mall, Brgy. Poblacion, Makati City
SAC V-Mall Greenhills Ground Floor, V-Mall, Missouri Street, Greenhills, San Juan, Metro Manila

Specialty shopping malls

Standalone department stores

Standalone supermarkets

SaveMore

Super Hypermarket

Slogan

SM Supermalls and Department Store: We've got it all for you!

SM Supermarket: Always there for you and me!

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