SM Prime Holdings Purchases Back Shares Amid Growth in Philippine Malls and Chinese Operations.

SM Prime Holdings is a Philippines-based property developer that owns and operates malls, residences, offices, hotels, and convention centers. The company has 85 malls in the Philippines and 8 in China, totaling 10.8 million sqm of GFA. SM Prime has a total of 20,615 tenants in the Philippines and 2,183 in China. The company's business segments include malls, residential, commercial, hotels, and convention centers.

SM Prime Holdings, Inc. (SMPH), a Philippines-based integrated property developer, has been making waves in Southeast Asia with its innovative and sustainable lifestyle cities. With a diverse portfolio that includes malls, residences, offices, hotels, and convention centers, SMPH is the largest integrated property developer in the Philippines in terms of asset size [1].

Founded in 1994, SMPH started as a mall developer and operator. Today, it boasts 85 malls in the Philippines and eight shopping malls in China, totaling an impressive 10.8 million square meters of Gross Floor Area (GFA) [1]. The company's presence in the Philippines extends beyond its malls, with a total of approximately 20,615 tenants in the country and 2,183 tenants in China [1].

SMPH's growth goes beyond mall development and management. Its subsidiaries and units, such as SM Development Corporation (SMDC) and the Commercial Properties Group (CPG), play crucial roles in its success. SMDC is responsible for the residential business component, offering affordable condominium units for sale. CPG, on the other hand, is engaged in the development and leasing of office buildings in Metro Manila [2].

The company's Hotels and Convention Centers business unit is another significant contributor to its growth. It develops and manages various hotel and convention centers across the country, further solidifying SMPH's position as a leading integrated property developer in Southeast Asia [2].

In conclusion, SM Prime Holdings, Inc. is a trailblazer in the Southeast Asian property market. Its diverse portfolio, innovative approach, and commitment to sustainable growth make it a company to watch.

References:
[1] SM Prime Holdings, Inc. Corporate Profile. Retrieved from https://www.smprime.com/corporate-profile/
[2] SM Prime Holdings, Inc. About Us. Retrieved from https://www.smprime.com/about-us/