PHILIPPINES: SM Prime open its newest mall in Batangas, SM Center Lemery

SM Prime open its newest mall in Batangas, SM Center Lemery

Pasay City, Philippines, 2017-Dec-18 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, continues to expand in the Southern Luzon as it schedules to open its newest mall in Batangas, SM Center Lemery, this Friday, December 15. This latest mall-destination in the province will add 25,000 square meters (sqm) to SM Prime’s total gross floor area (GFA) in the Philippines.

“Lemery has been a gateway to different attractions in Batangas, and with this, it’s been continually developing to meet the needs and standards of its residents and visitors. SM Center Lemery takes part in meeting these needs. The exciting mix of offerings in the mall are sure to delight every Batangueños, as we have also done in SM City Batangas and SM City Lipa,” SM Prime President Jeffrey C. Lim said.

Opening with almost 90% of space lease-awarded, SM Center Lemery will have three floors of mixed retail and food tenants topped with preferred household brands such as SM Hypermarket, BDO, Ace Hardware, Miniso, SM Appliance Center, Watson’s, Simply Shoes and Surplus. Staying true to its commitment to deliver utmost malling experience, SM Center Lemery will have a Wellness Zone and Cyberzone that will cater to the distinct and discriminating taste and style of Batanguenos.

This year, SM Prime has already launched five new malls namely SM Center Pulilan in Bulacan, SM Center Tuguegarao Downtown in Cagayan, SM City Puerto Princesa in Palawan, SM Cherry Antipolo in Rizal, S Maison at Conrad Manila in Pasay City and SM CDO Downtown Premier in Cagayan de Oro.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

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For further information, please contact:

Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
Tel. no.: +632 862 7940

PHILIPPINES: SM Prime Holdings to open its newest mall in Bulacan on Friday, December 1

PHILIPPINES: SM Prime Holdings to open its newest mall in Bulacan on Friday, December 1

 

Pasay City, Philippines, 2017-Dec-01 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, continues to expand in Northern Luzon as it sets to open its newest mall in Bulacan, SM Center Pulilan, this Friday, December 1. Serving as the company’s 66th mall in the Philippines, this latest mall-destination will add 27,000 square meters (sqm) in gross floor area (GFA) bringing SM Prime’s total GFA to 8.0 million sqm in the country.

Opening with 80% of space lease-awarded, SM Center Pulilan will have three-level retail and dining floors including some of the well-loved SM brands such as SM Hypermarket, Watsons, Ace Hardware, SM Appliance, Simply Shoes, Miniso, Surplus and BDO.

“The opening of SM Center Pulilan is our follow-through to the success of our first three malls in Bulacan – SM City Marilao, SM City Baliwag and SM City San Jose Del Monte. The notable development and growth of this province gives us more reasons to keep on expanding in Bulacan while continuously providing utmost malling experience and convenience to more Bulaceños,” SM Prime President Jeffrey C. Lim said.

SM Center Pulilan, which is situated along Plaridel-Pulilan Diversion Road, will boast with invigorating colors and style that cater to the flourishing lifestyle of the locals and progressing economy of Bulacan.
This year, SM Prime has already launched five new malls namely SM CDO Downtown Premier in Cagayan de Oro, S Maison at Conrad Manila in Pasay City, SM Cherry Antipolo in Rizal, SM City Puerto Princesa in Palawan and SM Center Tuguegarao Downtown in Cagayan.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

For further information, please contact:

Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

Source: SM Prime Holdings, Inc.

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PHILIPPINES: SM Prime Holdings recorded a 16% net income growth in the Q3 2017 to PHP5.66 billion

Pasay City, Philippines, 2017-Nov-06 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company recorded a 16% net income growth in the third quarter of the year to PHP5.66 billion from PHP4.86 billion in the same period last year. This led to a 15% increase in net income in the first nine months of 2017 to PHP20.05 billion from PHP17.45 billion of last year. SM Prime’s consolidated revenue posted a 12% increase to PHP64.69 billion from PHP57.78 billion, while overall operating income grew by 16% to PHP30.14 billion from PHP25.87 billion in the same period under review. The growth was due to additional rental revenues from mall expansions, consistent improvement in same-mall-sales and higher contribution from residential sales.

“SM Prime’s performance in the third quarter is a testament to the buoyant overall economy that benefits the whole property market. The timely expansion of our malls and launches of our residential projects in the provinces are positively contributing to the strong performance of our Company. Given all these, we remain optimistic that we are on track to meet our growth target this year,” SM Prime President Jeffrey C. Lim said.

Mall Operations
In the first nine months of 2017, mall revenues posted a 10% growth to PHP38.58 billion from PHP35.07 billion last year. The malls operation contributed 60% of the consolidated revenues. Mall rentals went up by 10% to PHP32.83 billion from PHP29.74 billion, primarily due to the expansions and new malls that opened in 2016 and 2017; while the same-mall-sales sustained its 7% growth. Cinema and event ticket sales slightly dropped by 3% to PHP3.34 billion from PHP3.44 billion due to fewer blockbuster movies; whereas revenues from amusement and merchandise sales surged by 26% to PHP2.40 billion from PHP1.90 billion in the same period being reviewed. The consolidated mall operating income improved by 12% to PHP21.38 billion from PHP19.14 billion and operating margin was maintained at 55% in the same period.

Currently, SM Prime has 65 shopping malls in the Philippines and seven in China with a GFA of 8.0 million sqm and 1.3 million sqm, respectively. The company will open two new malls before the year-ends, namely SM Center Lemery in Batangas and SM Center Pulilan in Bulacan, which will bring our provincial malls to 44 from 38 in 2016.

Residential Development
Residential group’s revenues, which accounts for 32% of the consolidated revenues, expanded by 10% to PHP20.50 billion from PHP18.66 billion. The increase in sales take-up of ready-for-occupancy (RFO) units and construction accomplishments of SM Development Corporation (SMDC) drove the revenues higher. These revenues mostly came from Shore 2 Residences in Pasay City, Air Residences in Makati City, Fame Residences in Mandaluyong City, Trees Residences in Quezon City, Grass Residences in Quezon City and S Residences in Pasay City. Consolidated costs of real estate grew by 7% to PHP10.31 billion from PHP9.63 billion due to higher recognized real estate sales, while operating income grew by 20% to PHP6.17 billion from PHP5.13 billion.

Reservation sales increased by 18% to PHP42.08 billion from PHP35.52 billion, while unit sales increased by 3% bringing it to 12,963 units from 12,579 units in the same period under review.

Other Businesses
The rest of SM Prime’s businesses, which account for 8% of the consolidated revenues, registered revenue growth of 39% to PHP5.76 billion in the first nine months of the year from PHP4.13 billion last year. Operating income increased by 45% to PHP2.71 billion from PHP1.87 billion, while operating income margin improved by 47% from 45% in the same period being reviewed. The growth came from rental revenues of FiveE-comCenter and Conrad Manila, which are launched in November 2015 and June 2016, respectively.

To date, SM Prime has six office buildings with a combined GFA of 383,000 sqm. ThreeE-Com and FourE-Com Centers in the Mall of Asia Complex are expected to add an estimated GFA of 320,000 sqm in the Company’s office portfolio once completed in 2018 and 2020, respectively. SM Prime has six hotels with over 1,500 rooms, four convention centers and three trade halls in its portfolio.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

For further information, please contact: 

Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

Source: SM Prime Holdings, Inc.

PHILIPPINES: SM Prime Holdings open its newest mall, SM Center Tuguegarao Downtown, on Thursday, October 12

PHILIPPINES: SM Prime Holdings open its newest mall, SM Center Tuguegarao Downtown, on Thursday, October 12

 

Pasay City, Philippines, 2017-Oct-11 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, will open its newest mall, SM Center Tuguegarao Downtown, on Thursday, October 12. This first SM mall in the Cagayan Province will serve as the company’s 65th mall in the country and will provide an additional 37,000 square meters (sqm) in gross floor area (GFA) to its portfolio bringing the total GFA to 8.0 million sqm in the Philippines.

Strategically located at the corner of Luna and Mabini Streets, which are main thoroughfares in this major urban city in the north, SM Center Tuguegarao Downtown is set to open with 90% of its space lease-awarded to a number of favored household brands. Among the names that will take up this new mall are SM Hypermarket, ACE Hardware, Surplus, Watsons, Miniso, Simply Shoes and BDO.

“The opening of SM Center Tuguegarao Downtown will provide SM Prime a sturdier foothold in the northeastern part of the Philippines, along with our other mall in the region, SM City Cauayan in Isabela. We are very excited on how this new mall will give a unique shopping experience to this urbanized city in northern Luzon and how it will contribute further to the development of the Cagayan Valley Region ,” SM Prime President Jeffrey C. Lim said.

SM Center Tuguegarao Downtown is set to add a visual feast to the locals’ eyes given its distinct yet familiar SM mall structure and renowned enjoyable and convenient malling experience.

This year, SM Prime has already launched SM City Puerto Princesa in Palawan, SM CDO Downtown Premier in Cagayan de Oro, S Maison at Conrad Manila in Pasay City and SM Cherry Antipolo in Rizal.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

Source: SM Prime Holdings, Inc.

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PHILIPPINES: SM Prime Holdings opens its first premier mall in Palawan — SM City Puerto Princesa

PHILIPPINES: SM Prime Holdings opens its first premier mall in Palawan — SM City Puerto Princesa

Pasay City, Philippines, 2017-Sep-15 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, continues to expand in the provincial cities of the Philippines as it opens its first premier mall in the largest province in the country, SM City Puerto Princesa in Palawan, on September 15, Friday. This new mall will add 54,000 square meters (sqm) in gross floor area (GFA), bringing the company’s total retail space in the Philippines to 7.9 million sqm.

Built in one of the fastest growing cities in the country, SM City Puerto Princesa is strategically located at the heart of Puerto Princesa City. Its unique identity topped with lush landscaping is positioned to conform to its resort-style complex.

“We take pride in opening the 64th mall of SM Prime in one of the most sought-after island destinations in the world. We expect SM City Puerto Princesa to add new dynamics and opportunities to the thriving province of Palawan highlighted by SM’s pursuit of new and unique malling experience,” SM Prime President Jeffrey C. Lim said.

Set to open with 80% of space lease-awarded, SM City Puerto Princesa will have three-level retail and dining floors that will house around 180 favored food and retail shops including The SM Store, SM Supermarket, BDO, Sports Central, Surplus Shop, Cyberzone, Watsons, SM Appliance, Ace Hardware, a traveler’s lounge and other homegrown brands.

Aside from that, Palaweño moviegoers will now have a more satisfying and exciting cinema experience with SM City Puerto Princesa’s three 158-seater SM Digital Cinema, and two 48-seater Director’s Club Cinema.

Designed to complement the tropical vibe of the island, SM City Puerto Princesa is set to be a cost-efficient and energy saving building, in line with SM Prime’s commitment on sustainable future and disaster risk reduction.

This year, SM Prime has already launched SM CDO Downtown Premier in Cagayan de Oro, S Maison at Conrad Manila in Pasay City and SM Cherry Antipolo in Rizal; and still scheduled to open is SM Center Tuguegarao Downtown in Cagayan Valley.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

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For further information, please contact:

Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
Tel. no.: +632 862 7940
SOURCE: SM Investments Corporation

PHILIPPINES: SM Prime registered a 15% net income growth to PHP7.79 billion in Q2 2017 from PHP6.75 billion in same period last year

Pasay City, Philippines, 2017-Aug-07 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company registered a 15% net income growth to PHP 7.79 billion in the second quarter of 2017 from PHP 6.75 billion in same period last year. This brought SM Prime’s first half’s net income to PHP 14.39 billion from PHP 12.59 billion of last year, an increase of 14%. Consolidated revenues grew by 10% to PHP 43.25 billion from PHP 39.23 billion in same period last year. Meanwhile, overall operating income went up by 13% year-on-year to PHP 20.11 billion from PHP 17.85 billion.

“SM Prime’s performance in the first half of the year reflects a more balanced revenue and income streams from our various businesses including the growing contribution from our provincial operations. We are happy to report that our investments in the provinces are now bearing fruits, particularly in mall operations given that these account for more than half of our Philippine malls portfolio. In the coming years, we are expecting a growing contribution from our residential group as we are launching more housing projects across the country,” SM Prime President Jeffrey C. Lim said.

Mall Operations

Mall revenues, which contributed 60% of SM Prime’s consolidated revenues, rose by 10% in the first half of the year to PHP 25.68 billion from PHP 23.42 billion last year. Mall rentals improved by 10% to PHP 21.75 billion from PHP 19.79 billion, driven by additional 1.1 million square meters (sqm) gross floor area (GFA) of retail spaces from new malls and expansions in 2015 to 2017, as well as 7% same-mall-sales growth. Cinema and event ticket sales was almost flat at PHP 2.35 billion due to fewer blockbuster movies. Revenues from amusement and merchandise sales amounted to PHP 1.58 billion, up by 26%. Consolidated mall operating income increased by 10% to PHP 14.18 billion from PHP 12.90 billion, while operating margins were stable at 55% in the period under review.

To date, SM Prime has 63 shopping malls in the Philippines and seven in China with a GFA of 7.8 million sqm and 1.3 million sqm, respectively. The company is scheduled to open new malls, including SM City Puerto Princesa in Palawan.

Residential Development

Residential group, which accounts for 32% of SM Prime’s consolidated revenues, recorded a 5% increase in revenues to PHP 13.91 billion from PHP 13.25 billion. Revenue growth came from higher construction accomplishments of SM Development Corporation (SMDC) projects launched since 2014. These are Shore 2 Residences in Pasay City, Air Residences in Makati City, Cool Residences in Tagaytay City, Fame Residences in Mandaluyong City, Trees Residences in Quezon City and South Residences in Las Piñas City.

Recently launched projects continue to enjoy brisk sales, resulting in 22% reservation sales growth to PHP 27.55 billion from PHP 22.60 billion or 8% increase in unit sales to 8,699 units from 8,078 units. These residential projects are mostly located in the Mall of Asia Complex.

Other Businesses

The rest of SM Prime’s businesses posted a revenue growth of 43% to PHP 3.74 billion in the first half of the year from PHP 2.61 billion last year. Operating income increased by 49% to PHP 1.77 billion from PHP 1.19 billion while operating income margin improved by 47% from 45% in the same period. The growth was attributed to the rental revenues from FiveE-comCenter, launched in 2015, and Conrad Manila which opened last June 2016.

Currently, SM Prime has six office buildings with a combined GFA of 383,000 sqm. ThreeE-Com and FourE-Com Centers are under construction and scheduled for completion in 2018 and 2020, respectively. These additional office buildings will add an estimated GFA of 320,000 sqm in the company’s office portfolio. While Hotel and Convention Centers group has a portfolio of six hotels with over 1,500 rooms, four convention centers and three trade halls.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

Source:  SM Prime Holdings

SM Prime Holdings, Inc. lists PhP 20 Billion SMPH Series G Fixed Bonds Due 2024 in PDEx organized secondary market

SM Prime Holdings, Inc. lists PhP 20 Billion SMPH Series G Fixed Bonds Due 2024 in PDEx organized secondary market

 

Makati, Philippines, 2017-May-19 — /EPR Retail News/ — SM Prime Holdings, Inc. (SMPH), one of the leading integrated property companies in Southeast Asia, returned to the PDEx organized secondary market a fourth time to list its latest offering of PhP 20 Billion SMPH Series G Fixed Bonds Due 2024.

Today’s event constitutes a milestone as it is not only the eleventh listing for 2017, but the 100th listing since the start of the corporate bond board on the organized market in 2008.  It brings the total outstanding amount of bonds listed to nearly PhP 700 Billion, a long way further from the PhP 10 Billion outstanding listed bonds in 2008.

With today’s bond offering, SM Prime’s total outstanding listed issues increased to PHP 70 Billion or 10% of the total outstanding listed bonds on PDEx; and the SM Group’s total outstanding listed issues to PHP 134.42 Billion or 19% of the overall outstanding listed bonds on PDEx.

SM Prime President Jeffrey C. Lim led the ringing of the ceremonial bell to herald the start of trading of the SMPH Series G Bonds Due 2024 in the PDEx bourse– the second tranche of SM Prime’s Shelf Registration of PhP 60 Billion.

This latest listing brings the year-to-date total volume of new listings to PhP 93.04 Billion, a 370% increase from May 2016 YTD. The total level of tradable corporate debt instruments in PDEx now stands at PhP 699.67 billion issued by 43 companies, comprised of 120 securities.

Source: SM Investments Corporation

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PHILIPPINES: SM opens its second SM mall in Cagayan de Oro

PHILIPPINES: SM opens its second SM mall in Cagayan de Oro

 

Pasay City, Philippines, 2017-May-12 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, opens its newest mall, the SM CDO Downtown Premier, on May 12, 2017. The new mall will add almost 178,000 square meters (sqm) of gross floor area (GFA) to the total retail footprint.

“SM Prime is one with the government in creating more opportunities that highlight the economic growth potential of Mindanao. The opening of SM CDO Downtown Premier, which is at the gateway of Northern Mindanao, is our second SM mall in Cagayan de Oro, and fifth in Mindanao which reflects our commitment and confidence to this part of the country,” SM Prime President Jeffrey C. Lim said.

SM CDO Downtown Premier, which is 87% leased awarded, will raise the malling experience in Cagayan de Oro as it will offer top amenities that Kagay-anons can enjoy. These include Cyberzone, SM Food Hall, SM Bowling Center, 5-level carpark building, 4 digital theaters, 2 Director’s Club, 1 Large Format Cinema, an 800-seater Sky Hall just like in SM Aura Premier in Taguig City and an al fresco dining and entertainment Sky Garden just like in SM North EDSA in Quezon City. The mall will also feature more popular stores such as Ace Hardware, BDO, Chinabank, Forever 21, Miniso, Our Home, Pet Express, SM Appliance, Sports Central, Surplus Shop, Toy Kingdom, Uniqlo and Watsons.

To top it all, SM CDO Downtown Premier complex will also have an eight-level office building that will cater to Business Process Outsourcing (BPO) companies.

Set to be Cagayan de Oro’s premier shopping address, SM CDO Downtown Premier is located at the bustling central business district of the city and easily accessible to the financial, commercial, residential and learning institutions.

Beyond the Lifestyle

SM Prime continues to give primary importance to sustainability and in integrating disaster resilience into its properties. As such, SM CDO Downtown Premier mall will have a water catchment beneath, which will be able to hold 13,650 cubic meters of rainwater to help lessen the flooding in the area.

SM Prime is scheduled to open four more malls in the Philippines namely SM Cherry Antipolo in Rizal, SM Center Tuguegarao Downtown in Cagayan, SM City Puerto Princesa in Palawan and SM Center Lemery in Batangas this year. By the end of 2017, SM Prime will have 65 malls in the Philippines – 22 of which are in Metro Manila, 33 in Luzon outside of Metro Manila, five in the Visayas and five in Mindanao – and seven malls in China with an estimated combined GFA of 9.3 million sqm.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities that enrich the quality of life of millions.

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com

Source: SM Prime Holdings, Inc.

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SM Prime Holdings sets interest rates for its Peso-denominated Series G, 7-year retail bonds at 5.1683% p.a

Pasay City, Philippines, 2017-May-06 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime) has set the interest rates for its Peso-denominated Series G, 7-year retail bonds at 5.1683% p.a last May 2. SM Prime issued an aggregate principal amount of PHP15.0 billion of the Series G bonds, with an option to issue an additional amount of up to PHP5.0 billion. The retail bonds will be offered by SM Prime to investors through underwriters from May 4 to May 11, following the receipt of the Permit to Sell from the Securities and Exchange Commission. The retail bonds are set to be issued on May 18.

“The proceeds of the retail bonds will enable SM Prime to pursue our expansions of mall and residential businesses, which are the growth drivers of the company,” SM Prime President Jeffrey C. Lim said.

This series of SM Prime bonds due 2024 is the fourth offering of Peso-denominated retail bonds to the public. Similar to its previous bond issues, the SM Prime Series G bonds have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). A rating of PRS Aaa is the highest rating assigned by PhilRatings. This rating is given to long-term debt securities with the smallest degree of investment risk. This also indicates SM Prime’s strong capability to meet its financial commitment.

The SM Prime bonds’ joint issue managers are BDO Capital & Investment Corporation and China Bank Capital Corporation, which are also acting as joint lead underwriters and joint bookrunners together with BPI Capital Corporation, PNB Capital, First Metro Investment Corporation, and SB Capital Investment Corporation.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

SOURCE: SM Investments Corporation

For further information, please contact:

Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

PHILIPPINES: SM Prime to invest at least PHP50 billion per annum to support its developmental goals

Pasay City, Philippines, 2017-Apr-27 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, plans to spend at least PHP50 billion per annum over the next two years to support its developmental goals. SM Prime allocates 80% of its capital expenditure on project developments, mostly for mall and residential development. The remainder is used for land banking.

“SM Prime will continue to expand its mall and residential businesses which are the major revenue drivers. We will further reach out to provincial cities as an integrated property developer and as a strategic partner, given the tremendous opportunities in light of higher government spending on infrastructure development across the country,” SM Prime President Jeffrey C. Lim said.

This year, SM Prime is scheduled to open five new malls in the Philippines, all of which are outside Metro Manila. These are: SM CDO Downtown Premier in Cagayan de Oro, SM Cherry Antipolo in Rizal, SM Center Tuguegarao Downtown in Cagayan, SM City Puerto Princesa in Palawan and SM Center Lemery in Batangas. By the end of 2017, SM Prime will have 65 malls in the Philippines and seven malls in China with an estimated combined GFA of 9.2 million sqm. In the Philippines, 43% of our malls are located in Metro Manila, 35% in Luzon outside Metro Manila, 14% in Visayas and 8% in Mindanao.

For the residential group, SM Prime is slated to launch this year 15,000 to 18,000 residential units in high-rise and mid-rise buildings as well as house and lot developments. The company’s high-rise residences deliver attractive urban lifestyles that serve the growing needs of start-up families and young professionals. To address an even larger market and cut across other segments in the housing spectrum, SM Prime is expanding its product line-up to develop more mid-rise buildings and single detached house and lot within the year.

During its Annual Stockholders’ Meeting, SM Prime declared a cash dividend of 0.26 per share amounting to PHP7.5 billion in favor of all stockholders of record as of May 12, 2017 and payable on May 25, 2017. This is equivalent to a 35% payout of last year’s net income after tax.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940

SOURCE: SM Investments Corporation

SM Prime named among the Top 50 Publicly Listed Companies in the ASEAN region; receives ASEAN Corporate Governance Award

Pasay City, Philippines, 2015-12-11 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, has been recognized as among the Top 50 Publicly Listed Companies in the ASEAN region. SM Prime received the distinction during the inaugural ASEAN Corporate Governance Awards held last November 14 at the Manila Polo Club, Makati City.

“On behalf of the Board of Directors, Management and staff of SM Prime, we humbly accept this prestigious award from the ASEAN Capital Markets Forum (ACMF) and its partners. This award is a testament to our unwavering commitment to good corporate governance, and serves as a major milestone in our effort to promote good governance in all our dealings with stakeholders,” SM Prime Executive Vice President Jeffrey C. Lim said.

The ASEAN Corporate Governance Awards, the region’s most prestigious event that recognizes companies who excelled in practicing good corporate governance, is hosted by ACMF in partnership with the Philippines’ Securities and Exchange Commission. It aims to further educate and inspire companies to instill and maintain good corporate governance in their operations and services.

The Top 50 Publicly Listed Companies were determined by domestic ranking bodies (DRBs) appointed to assess and rank companies in each participating country, namely Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. The ranking is based on rating obtained in the ASEAN Corporate Governance Scorecard, a list of corporate governance practices developed by experts in the region based on principles of Organization for the Economic Cooperation and Development and practices recommended by bodies such as the Asian Corporate Governance Association, the International Corporate Governance Network, and the World Bank.

The scorecard is an initiative of ACMF and supported by the Asian Development Bank.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

SOURCE: SM Investments Corporation

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SM Prime named among the Top 50 Publicly Listed Companies in the ASEAN region; receives ASEAN Corporate Governance Award

(From Left to Right) Jeffrey C. Lim, SM Prime’s Executive Vice President; Eunice M. Sotto, SM Prime’s Assistant Vice President for Enterprise Risk Management; and John Nai Peng C. Ong, SM Prime’s Chief Finance Officer.