SM Prime Holdings, Inc.

Company Profile

SM Prime Holdings, Inc., together with its subsidiaries, engages in the property development business in the Philippines, China, and Southeast Asia. The company operates through four segments: Mall, Residential, Commercial, and Hotels and Convention Centers. It operates, maintains, and rents commercial shopping malls, as well as amusement centers and cinema theaters in the shopping malls. It has 78 malls in the Philippines and 7 shopping malls in China. The company also engages in the development and sale of residential units, such as condominium units, leisure homes, and resort; development, operations, management, and leasing of office buildings; and operation and maintenance of hotels and convention centers. As of December 31, 2021, it operated nine hotels with 2,200 rooms; five convention centers; and two trade halls. The company was incorporated in 1994 and is based in Pasay City, the Philippines.