SM Prime celebrates 30 years of growth in Philippine property sector

SM Prime Holdings has marked 30 years of growth in the Philippine property sector, evolving from a small shoe store into a leading property developer in Southeast Asia. The company, known for its SM malls, has significantly expanded its portfolio since its founding in 1994. In the past decade, SM Prime's market capitalization increased from approximately PHP 408 billion in 2013 to PHP 950 billion by the end of 2023. The company also achieved record revenues, surpassing PHP 128 billion in 2023, with a net income of PHP 40 billion, the highest among its peers. SM Prime's growth has contributed to job creation and urban development in the Philippines. As it celebrates its anniversary, the company emphasizes its commitment to innovation and sustainability in future projects.