SM Prime Holdings
 |
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| Public company | |
| Traded as | : SMPH |
| Industry | Property, Shopping malls and retailing |
| Founded |
Manila, Philippines 1958 |
| Headquarters | Pasay City, Philippines |
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Number of locations
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58 malls (as of December 2, 2016) |
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Area served
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Philippines China Guam |
|
Key people
|
Henry Sy, Sr. (Founder, Chairman and CEO) |
| Parent | SM Investments Corporation |
| Website | SM Prime Holdings |
SM Prime Holdings, Inc. or SM Prime is the parent company of the SM Group's shopping malls. It is the largest shopping mall and retail operator in the Philippines. It was incorporated on 6 January 1994 to develop, conduct, operate and maintain the SM commercial shopping centres and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centres. It later went public on July 5, 1994 and subsequently grew to become the largest company listed on the in terms of revenue. As of 2007, SM Prime Holdings became one of the largest shopping mall chains in the world. 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 58 operating malls totalling a gross floor area of 5.5 million square meters located in the following locations: Metro Manila, Baguio City, Pangasinan, Cauayan City, Central Luzon (Cabanatuan City, Bulacan, Pampanga and Angeles City, Tarlac and Olongapo City), CALABARZON (Cavite, Laguna, Batangas, Rizal and Lucena City), Naga City, Visayas (Iloilo City, Bacolod City and Cebu City) and Mindanao (Davao City, Cagayan de Oro City and General Santos City).
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