SM Prime Holdings
From Wikipedia, the free encyclopedia
SM Prime Holdings, Inc (PSE: SMPH) a part of the SM Group of Companies, is the largest mall operator in the Philippines. It was incorporated on 06 January 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 later went public on 05 July 1994.
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 20 operating malls totaling a gross floor area of 2.7 million square meters located in Metro Manila, Bulacan, Laguna, Cavite, Quezon, Pampanga, Baguio, Cebu, Iloilo, Davao and Cagayan de Oro. SMPH has amassed a land bank of 130 hectares in 14 different strategic locations.
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[edit] Results of Operations
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.
[edit] 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.
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).
The first ice skating rink in the Philippines was opened in the 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 extensive 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 is only SM Storyland by Alexis Cerado.
[edit] Malls
[edit] SM Supermalls
| Name | Opening | Land area (m²) | Floor area (m²) | Location |
|---|---|---|---|---|
| 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 called SM Centerpoint) | September 1990 | 30,000 | 133,327 | Ramon Magsaysay Boulevard cor. Araneta Ave., Quezon City, Metro Manila |
| SM Megamall (also known as SM City Ortigas) | June 1991 | 105,000 | 331,679 | EDSA cor. Julia Vargas Avenue, Ortigas Center, Mandaluyong City, Metro Manila |
| SM City Cebu | November 1993 | 138,000 | 161,562 | North Reclamation Area, Cebu City, Cebu |
| SM Southmall (also known as SM City Las Pinas) | 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., Greater Lagro, Quezon City, Metro Manila |
| SM City Iloilo-Mandurriao | 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. San Jose, San Fernando City, Pampanga |
| SM City Sucat (formerly called SM Supercenter Sucat) | July 2001 | 65,000 | 98,106 including the new annex | Dr. A. Santos Avenue, 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 2003 | 80,000 | 72,057 | 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 | 70,819 | Brgy. Pallocan Kanluran, Batangas City, Batangas |
| SM City San Lazaro | July 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 Sta. Rosa | February 17, 2006 | 170,000 | 79,000 | 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 (to be simply called SM City Pasay in the future) | 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. (C-5) corner Dona Julia Vargas Ave., Frontera Verde, Vale Verde 5, 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 | 160,000 | 53,864.82 | Rizal Avenue, Reclamation Area, Bacolod City, Negros Occidental |
| SM City Taytay | 2007 | Manila East Road, Taytay, Rizal | ||
| SM City Baliuag | 2007 | Maharlika Highway, Baliuag, Bulacan | ||
| SM Supercenter Muntinlupa | 2007 | Brgy. Tunasan, Muntinlupa City | ||
| SM City Marikina | 2008 | 60,000 | 124,877.85 | Marcos Highway, Calumpang, Marikina City, Metro Manila |
| SM Supercenter Vito Cruz | Pablo Ocampo Sr. Road, Makati City, Metro Manila | |||
| SM City Naga | 2009 | CBD II Naga City, Camarines Sur | ||
| SM City Urdaneta | MacArthur Highway, Urdaneta City, Pangasinan | |||
| SM Supercenter San Pablo | Rizal Avenue, San Pablo City, Laguna | |||
| SM City Los Baños | National Road (at the right of the lane going to Alabang), (to be located at the borderline of the municipalities of Los Baños and Bay), Laguna | |||
| SM City Calamba | Maharlika Highway, Brgy. Makiling, Calamba City, Laguna | |||
| SM City Tarlac | MacArthur Highway, Brgy. San Roque, Tarlac City, Tarlac | |||
| SM Supercenter Rosales | Rosales, Pangasinan | |||
| SM City Dagupan | Dagupan City, Pangasinan | |||
| SM City Meycauayan | MacArthur Highway, Meycauayan, Bulacan | |||
| SM Supercenter Tagaytay | Tagaytay-Calamba Road, Brgy. Silang, Tagaytay City, Cavite | |||
| SM Supercenter Dumaguete | Mangnao District, South National Road, Dumaguete City, Oriental Negros |
[edit] Branches in China
- SM North Xiamen
- SM South Xiamen
- SM Chuan (soon to open;under construction)
[edit] Branches in the United States of America
- SM Guam
[edit] Standalone Appliance Centers
- SAC Rockwell Power Plant - Rockwell Power Plant, Brgy. Poblacion, Makati City
- SAC V-Mall Greenhills - V-Mall, Ortigas Avenue, Greenhills, San Juan, Metro Manila
[edit] Specialty Shopping Malls
- The Podium - ADB Avenue, Ortigas Center, Mandaluyong City
[edit] Standalone Department Stores
- SM Quiapo - Carriedo Street corner P. Gomez Street, Quiapo, Manila
- SM Cubao - Gen. MacArthur Avenue cor. Gen. Aguinaldo Avenue, Times Square Avenue, & P. Tuazon Boulevard Araneta Center, Cubao, Quezon City
- SM Makati - EDSA corner Highway Drive, South Drive, East Drive, & Hotel Drive, Ayala Center, EDSA, Makati City
- SM Harrison Plaza - F.B. Harrison, Malate, Manila
- SM Iloilo-Delgado - Valeria-Delgado St., Iloilo City (Expansion on-going)
- SM Anilao Beach - Brgy. Anilao Proper, Mabini, Batangas
[edit] Standalone Supermarkets
- SM Super Hypermarket Iloilo-Jaro - Jaro, Iloilo City
- SM SaveMore Iloilo-Jaro - Brgy. Quintin Salas, Jaro, Iloilo City
- SM SaveMore Muntinlupa - Festival Mall, Filinvest Corporate City, Alabang, Muntinlupa City
- SM SaveMore Angono - Angono, Rizal
- SM SaveMore Marikina - Marikina Riverbanks, Marikina City
- SM Super Hypermarket Mabolo - Mabolo, Cebu
- SM Super Hypermarket Carmen - Carmen, Cebu
- SM Super Hypermarket Mactan - Mactan, Cebu
[edit] Slogan
SM Supermalls and Department Store: We've got it all for you!
SM Supermarket: Always there for you and me!
