SM Investments Corporation

SM Investments Corporation, together with its subsidiaries, engages in the property, retail, and banking and other businesses in the Philippines. The company's Property segment is involved in the mall, residential, and commercial development, as well as the operation of hotels and convention centers. This segment also develops, conducts, operates, and maintains commercial shopping centers, as well as conducts, operates, and maintains shopping center spaces, amusement centers, and cinema theaters within the shopping centers. In addition, it engages in the development and transformation of residential, commercial, entertainment, and tourism districts. As of December 31, 2020, it operated 76 malls in the Philippines with a total gross floor area (GFA) of 8.6 million square meters; and 7 malls in China with a total GFA of 1.3 million square meters. Its Retail segment is involved in the retail/wholesale trading of merchandise, such as dry goods, wearing apparels, food, and other merchandise. As of December 31, 2020, this segment operated 3,019 stores, including 66 SM stores, 59 SM supermarkets, 209 Savemore stores, 52 SM hypermarkets, 71 WalterMart stores, and 1,012 Alfamart stores, as well as 1,550 specialty stores. The company's Banking and Others segment engages in asset management and capital investments, as well as provision of financial services. It provides lending; deposit-taking; foreign exchange; brokering; trust and investments; credit cards; corporate cash management and remittances; leasing and financing; life insurance; and insurance and stock brokerage services, as well as investment, private, and rural banking services. This segment operates approximately a network of 1,400 branches and 4,400 ATMs. The company also invests in other sectors, such as commercial buildings, leisure, logistics and mining. SM Investments Corporation was founded in 1958 and is based in Pasay City, the Philippines.